home: Unexpected Benefits of Homeownership - 06/10/15 03:12 AM

You already know about the tax benefits of buying a home and the long-term financial advantages created by rising home values and bankable equity. But some of the associated benefits of homeownership might surprise you.
 
1. Pride of ownership
You understand the idea of pride of ownership, but maybe you've never actually felt it. You will once you put those keys in the door for the first time. And this doesn't just apply to first-time homebuyers. If you've worked hard, saved well, spent smart, and are able to now move up to the home of your dreams, you'll undoubtedly feel it, too.
 
"America has … (1 comments)

home: How to use Cash Gifts as Down Payments - 06/03/15 05:15 AM

   In order to get into the housing market, many homebuyers are accepting gifts from family or friends in order to meet down payment requirements by lenders. In fact, as of 2012, one in five Baby Boomers has either gifted, loaned or co-signed a loan to help children or grandchildren buy their first home.
 
   But along with other borrowing restrictions following the housing bust in 2008, lenders cracked down on down payment gifts, too. No longer can a homebuyer "pass the hat" to relatives and friends in order to come up with enough cash to put down on a home, whether … (0 comments)

home: You're crazy if you don't buy a house now! - 04/09/15 03:55 AM
At least that's what a report from Bloomberg said back in 2009. They were talking about rates hovering around five percent. Today, rates are under four percent for a 30-year fixed-rate loan.
 
Reason No. 1 to buy now: Rates are low
"Low mortgage rates continue to keep ownership less expensive than renting," said Investopedia. "Even a small change in interest rates has a significant effect on what you'll pay each month and over the life of a 30-year mortgage. Take a $172,000 30-year mortgage, for example ($172,000 is 80% of the median sales price for existing homes of $215,000 after a 20% down payment). With an … (2 comments)

 
Brian Heckman, NMLS #229758 Equal Housing Lender (Success Mortgage Partners, Inc. NMLS #130562)

Brian Heckman

NMLS #229758 Equal Housing Lender

Tampa, FL

More about me…

Success Mortgage Partners, Inc. NMLS #130562

Address: 13139 W. Linebaugh Ave. #201, Tampa, FL, 33626

Office: (813) 749-7776

Fax: (813) 749-7776

Email Me



Links

Archives

RSS 2.0 Feed for this blog