purchase a home: The 5 Greatest Benefits of Homeownership
- 07/13/17 08:40 PM
The 5 Greatest Benefits of HomeownershipRecently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.” Homeownership can help you build equity over time. Your monthly payments will remain stable. You may have some tax benefits. You can take pride in ownership. Homeownership improves your community. Let’s expand on each of Freddie Mac’s points: Homeownership can help you build equity over time. Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The … (0 comments)
purchase a home: The High Impact of Low Interest Rates on Your Purchasing Power
- 07/13/17 12:27 AM
The High Impact of Low Interest Rates on Your Purchasing PowerAccording to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a … (0 comments)
purchase a home: 4 Reasons to Buy This Summer!
- 06/12/17 01:13 PM
4 Reasons to Buy This Summer!Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to RiseCoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.9% over the next year. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense. 2. Mortgage Interest Rates Are Projected to IncreaseFreddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage … (0 comments)
purchase a home: Get All the Facts about PMI
- 05/02/17 06:57 AM
Get All the Facts about PMI When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What is PMI? Freddie Mac defines PMI as: “An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans … (1 comments)
purchase a home: Your Tax Return: Bring it Home
- 04/27/17 10:43 AM
Your Tax Return: Bring it Home This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question – “What do you plan on doing with your tax refund?” The results of the survey were interesting. Here is what they plan to do with their money: 41% – Put it into savings 38% – Pay off debt 11% – Go on a vacation 5% – Make a major purchase (car, home, etc.) 5% … (0 comments)
purchase a home: Real Estate Mogul: Here’s Why You Should Buy
- 04/27/17 04:06 AM
Real Estate Mogul: Here’s Why You Should Buy Real Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy? Or should you rent a house? Conlon responded: “I am a true believer that you save every penny and you buy your first house… and that is still the fastest path to wealth in this country.” Conlon went on to suggest that first-time buyers put down 10-20% “if they can make it work,” and to remain in their home at least 4-5 years to see a return on their investment. Who is Sean … (1 comments)
purchase a home: How Low Interest Rates Increase Your Purchasing Power
- 01/24/17 09:48 AM
How Low Interest Rates Increase Your Purchasing Power According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly … (1 comments)
Read from source..>> // Questions, Comments or For more information you can contact Christian Penner at: Call/Text: (561) 373-0987 or visit us online at www.ChristianPenner.com The Christian Penner Mortgage Team, A Branch of American Financial Network, Inc CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821. Call/Text: (561) 373-0987 Or You can click "Call Me" below to call Christian Penner directly using Google Voice
#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best #homemortgage … (0 comments)
purchase a home: You Can Never Have TMI about PMI
- 11/16/16 12:39 PM
You Can Never Have TMI about PMIWhen it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have Too Much Information (TMI) about Private Mortgage Insurance (PMI). What is Private Mortgage Insurance (PMI)?Freddie Mac defines PMI as: “An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required … (0 comments)
purchase 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)
purchase a home: The Dangers of “ Tight Mortgage Credit ” Headlines
- 11/09/16 11:31 AM
The Dangers of “ Tight Mortgage Credit ” HeadlinesThe availability of mortgage credit is not at the same level that it was during the boom in housing (2005), and that’s good news. However, the constant headlines which talk about “tight credit” are causing some potential home buyers to doubt their ability to purchase. We want to rectify the misconception of what is required for a down payment in order to purchase a home in today’s market. Freddie Mac recently discussed the confusion many first-time homebuyers have about the down payment they need in order to buy:
“Did you know that the average … (0 comments)
purchase a home: It’s Not Always Marriage Before Mortgage
- 11/08/16 12:09 AM
It’s Not Always Marriage Before MortgageThere are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still, others might think their current income would never enable them to qualify for a mortgage. We want to share what the typical first-time homebuyer actually looks like based on the National Association of REALTORS most recent Profile of Home Buyers & Sellers. Here are some interesting statistics … (0 comments)
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