buying a home: Three Questions to Ask Before Buying a Home - 03/11/14 01:24 PM

Three Questions to Ask Before Buying a Home
If you are thinking about buying a home right now, you are probably getting a lot of advice. While family and friends may have your best interests in mind, they may not be fully aware of your needs and what is the current state of the real estate market.  Is now actually a good time for you to buy a home?
Let's consider three questions you should ask before making that purchase:
1. Why am I buying this home?
This is the most important question for you to answer.  Why did you … (0 comments)

buying a home: Buying a Home: Should You Do It Now or Later? - 02/12/14 10:38 AM

 
Buying a Home: Should You Do It Now or Later?
 
Last month, the Federal Reserve, in a unanimous vote, decided to further decrease its bond purchasing.  The bond purchases were the government's stimulus package created to keep long term mortgage interest rates artificially low in order to help drive the housing market. Most experts believe that tapering will cause interest rates to increase as we move through the year.
Interest rates have remained relatively stable since the onset of the tapering in December. This is probably because the first round of increases had already been 'priced into' the … (0 comments)

buying a home: 5 Good Reasons to Buy a Home - 01/12/14 10:35 PM

 
There are many good reasons to buy a home.  Here are just 5 good financial reasons that buying a home is a good move.
Housing is a leveraged investment.
Homeownership enables you to amplify any appreciation on the home's value through a leverage factor.  Example: With a 20% down payment the leverage factor is 5, with a 10% down payment, the leveage factor is 10. 
You are paying for housing whether you own or rent.
It simply comes down to you are either paying your own mortgage or you are paying your landlord's mortgage.
Owning a home is a … (2 comments)