ocean county home buying: Where Are Mortgage Rates Headed In 2019?
- 09/30/18 10:42 AM
The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Search for Homes in Ocean County Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next year. How Will This Impact Your Mortgage Payment? Depending on the amount of the loan that you secure, a half of a percent (.5%) … (0 comments)
ocean county home buying: Your Ocean County Home’s Value Grows Your Family’s Wealth
- 09/06/17 12:23 PM
Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. Here are homes in selected communities in Ocean County for $300,000 and less: Toms River Homes under $300,000 Bayville Homes under $300,000 Lanoka Harbor Homes or Forked River Homes under $300,000 Barnegat Homes under $300,000 Manahawkin Homes under $300,000 So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. If we look at only the projected increase in the price of that … (0 comments)
ocean county home buying: Millennials Flock to Low or Zero Down Payment Programs
- 04/12/17 03:20 PM
A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January. The trend continued through all buyers with a mortgage, as 62% made a down payment of less than 20%, which is consistent with findings from December. And in some parts of Ocean County, many home-buyers are also using USDA loans. A USDA home loan is a zero down payment mortgage for eligible suburban homebuyers. USDA loans are issued through the USDA loan program. Some areas of Lanoka Harbor, Forked River, Waretown, Barnegat, Manahawkin … (0 comments)
ocean county home buying: Millionaire Gives Advice to Millennials: Buy a Home Now!
- 03/29/17 06:14 AM
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.” First Time Home Buyer Information 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." Click here to see homes under $300,000 in Brick, Toms River, Bayville, Lacey, Barnegat and Manahawkin. In his bestselling book, “The Automatic Millionaire,” Bach does the math: "As a renter, … (0 comments)
Should You Buy a New or Existing Home in Ocean County?
Maybe your dream home has the intricate details that you usually find only in older construction - wainscoting and crown molding in the interior, the front porch with a swing, an older tree shading the back yard, and the white picket fence.
Or maybe your dream home has all the conveniences of modern living - open floor plan in the living and dining spaces, large windows, connected, “smart” appliances and security systems, and minimalist design elements.
Whether you go for a brand new construction or an existing home, both types … (2 comments)
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