first time homebuyer: Buying Is Now 26.3% Cheaper Than Renting in the US - 08/01/18 10:30 PM
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States.
In the six years that Trulia has conducted this study, this is the first time that it was cheaper to rent than buy in any of the metropolitan areas.
It’s no surprise, however, that those two metros are San Jose and San Francisco, CA, where median home prices have jumped to over $1 million dollars this year. Home values in San Jose have risen 29% in the last year, while … (1 comments)

first time homebuyer: Whether You Rent or Buy, Either Way You’re Paying a Mortgage! - 07/27/18 08:39 AM
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich”:
“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”
Christina Boyle, Senior … (0 comments)

first time homebuyer: First-Time Homebuyers in Louisiana Have Low Down Payments - 07/18/18 09:52 AM
According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.  Many potential homebuyers in Louisiana believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers and 54% of all buyers put less than 20% down.
Ralph McLaughlin, Chief Economist and Founder of Veritas Urbis Economics, recently shed light on why buyer demand has remained strong,
“The fact that we now have four consecutive quarters where owner households increased while renters households fell is a strong sign households are making the switch from … (1 comments)

Kevin Whatley, Professional Mortgage Lender (Homespire Mortgage)

Kevin Whatley

Professional Mortgage Lender

Flower Mound, TX

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Homespire Mortgage

Address: 1011 Surrey Lane, Building 200, Suite 44, Flower Mound, Texas, 75022

Office: (817) 930-2575

Mobile: (469) 993-9395

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