buy a home: 3 Questions to Ask Before You Buy Your Dream Home - 07/18/17 01:01 AM

3 Questions to Ask Before You Buy Your Dream HomeIf you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.
Ask yourself the following 3 questions to help determine if now is a good time for you to buy in today’s market.
1. Why am I buying a home in the first place? This is truly the most important question to answer. Forget the finances for a … (1 comments)

buy a home: The TRUTH Behind the RENT vs. BUY Debate - 06/16/17 09:35 AM

The TRUTH Behind the RENT vs. BUY DebateIn a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that is buying a home and an individual that rents a similar-quality home and reinvests all monies otherwise invested in homeownership.”
Having read both the index and the blog post, we would like to clear up any confusion that may exist. There are three major … (1 comments)

buy a home: 69% of Buyers are Wrong About Down Payment Needs - 06/07/17 09:46 PM

69% of Buyers are Wrong About Down Payment NeedsAccording to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s market.
Nearly 40% of mortgage industry professionals surveyed believe that a lack of knowledge about the home-buying process is keeping potential buyers on the sidelines. Saving for a down payment is often cited as a huge barrier for first-time homebuyers to make the leap into homeownership.
If homeowners believe that they need a 20% down payment to … (1 comments)

buy a home: 5 Reasons You Should Sell This Summer - 06/07/17 06:22 AM

5 Reasons You Should Sell This SummerHere are five reasons listing your home for sale this summer makes sense.
1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition NowHousing inventory is currently at a 4.2-month supply, well under … (0 comments)

buy a home: More Americans Chose to Own a Home Than Rent in Q1 - 05/25/17 10:42 PM

More Americans Chose to Own a Home Than Rent in Q1 According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter households.
Of the 1.22 million new households that were formed in the first quarter, 854,000 were new-owner households making the jump straight to homeownership rather than renting first.
That means that the homeownership rate amongst new households was 70%! This is huge … (0 comments)

buy a home: YOU Magazine: Pizza Pizzazz, Flower Fresh and More - 05/05/17 06:38 PM
YOU Magazine: Pizza Pizzazz, Flower Fresh and More 
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buy a home: Do You Know the Cost of Waiting? - 05/05/17 01:09 PM

Do You Know the Cost of Waiting? Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.9% according to CoreLogic. Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!  
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Questions, Comments or For more information you can contact Christian … (3 comments)

buy a home: How Fast Can You Save for a Down Payment? - 04/26/17 04:40 PM

How Fast Can You Save for a Down Payment? Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long would it take you to save for a down payment in each state?
Using data from the United States Census Bureau and Zillow, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household … (1 comments)

buy a home: Careful…Don’t Get Caught in the Rental Trap! - 04/12/17 01:31 AM

Careful…Don’t Get Caught in the Rental Trap! There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.
Don’t Become Trapped  Jonathan Smoke, Chief Economist at, reported on what he calls a “Rental Affordability Crisis.” He warns that,
“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.”
In the Joint Center for Housing Studies at Harvard University’s 2016 State of the Nation’s Housing Report, they revealed that “The … (1 comments)

buy a home: Again… You Do Not Need 20% Down to Buy NOW! - 04/04/17 04:22 PM

Again… You Do Not Need 20% Down to Buy NOW! A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today.
1. Down Payment The survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 40% of consumers think a 20% down payment is always required. In actuality, there are many loans written with a down payment of 3% or less.
Many renters may actually be … (1 comments)

buy a home: Millionaire to Millennials: Buy Now! - 03/28/17 01:54 PM

Millionaire to Millennials: Buy Now! Self-made millionaire David Bach was quoted in a CNBC article explaining that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.”
Bach went on to explain:
“If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter.”
In his bestselling book, “The Automatic Millionaire,” Bach does the math:
“As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a … (0 comments)

buy a home: Mortgage Market Guide: Report Card in for 2016 Housing, GDP - 01/30/17 07:23 PM
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Questions, Comments or For more information you can contact Christian Penner at: Call/Text: (561) 373-0987 or visit us online at
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#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the … (0 comments)

buy a home: Buying a Home is More Affordable Than Renting in 66% of US Counties - 01/25/17 11:09 PM

Buying a Home is More Affordable Than Renting in 66% of US CountiesAccording to ATTOM Data Solutions’ 2017 Rental Affordability Report, buying a home is more affordable than renting in 354 of the 540 U.S. counties they analyzed.
The report found that “making monthly house payments on a median-priced home — including mortgage, property taxes and insurance — is more affordable than the fair market rent on a three-bedroom property in 354 of the 540 counties analyzed in the report (66 percent).”
For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development … (3 comments)

buy a home: The Truth About Housing Affordability - 11/10/16 06:01 AM

The Truth About Housing AffordabilityFrom a purely economic perspective, this is one of the best times in American history to buy a home. Black Night Financial Services discusses this in their most recent Monthly Mortgage Monitor.
Here are two of the report’s revelations:
The average U.S. home value increased by $13,500 from last year, but low interest rates have kept the monthly principal & interest payment needed to purchase a median-priced home almost equal to one year ago. Home affordability still remains favorable compared to long-term historic norms. The report explains:
“Even though the value of the average home in the U.S. … (2 comments)

buy a home: Good Neighbor Next Door Program Mortgage Loan Program - 08/13/16 01:59 PM

Good Neighbor Next Door Program Mortgage Loan ProgramHere is some information about the program.The Neighbor Next Door initiatives are a collection of FHA’s home sales programs designed to help communities and promote homeownership.Help a neighborhood! Buy a home through HUD’s Good Neighbor Next Door initiative designed to encourage renewal of revitalization areas by providing law enforcement officers, firefighters, emergency medical technicians and teachers an opportunity to purchase homes in these communities. HUD provides a substantial incentive in the form of a fifty percent discount off the list price of eligible properties. Learn more about HUD’s Good Neighbor Next Door Sales program. Law enforcement … (0 comments)

buy a home: To Buy a Home in West Palm Beach or Wait—Signs Help Decide - 02/25/14 07:27 PM

Spring signals the traditional start of real estate’s busy selling season, and while that’s all well and fine, when it comes to making your own momentous personal real estate decision—whether to buy a home or to sell your own—trying to decide exactly when to make the move is easier said than done.
It is true that this year national observers are unusually unanimous in expecting that last year’s sales upswing will continue. But if you are deciding whether now is the right time to buy a Palm Beach County home (or list yours for sale), the reasons behind the quickening … (0 comments)

buy a home: Action Plan Following a West Palm Beach Short Sale - 03/18/13 01:21 PM

  A West Palm Beach short sale represents real value for the homebuyer, of course. But to some extent, it is also a boon to the seller. Being able to unload a property that’s underwater helps avoid the most dire credit consequences of a West Palm Beach foreclosure. But lingering credit damage can still result from any short sale -- if the short seller allows it to happen. Should you find yourself in the short sale situation, be proactive in protecting your credit score. You will put yourself in a position to re-enter the market sooner than you think if … (0 comments)

Christian  Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987 (The Christian Penner Mortgage Team)

Christian Penner

Your Mortgage Lender - 561-316-6800 | 561-373-0987

West Palm Beach, FL

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The Christian Penner Mortgage Team

Address: 712 US Highway One , Suite 300, North Palm Beach, FL, 33408

Mobile: (561) 373-0987

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