Archive for FirstTimeBuyer – Page 2

4 Real Reasons We Buy A Home

We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful ones.

The idea and feeling of a home can mean different things to different people. …

92% of millennial homebuyers say inflation has impacted their purchase plans, but most are plowing ahead anyway

KEY POINTS

  • Millennials — who are roughly ages 27 to 42 — are in their prime homebuying years.
  • While the combination of high home prices and rising interest rates has caused affordability issues for many buyers, the situation is gradually

“Marry the House, Date the Rate!”

I read this today and I am adopting as my new slogan!

The press seems consumed with the idea of a recession in 2023 or 2024… which would mean:Marry the House, Date the Rate

  1. We’ll hear about it for another year or two, and this

Here are costs that often take first-time homebuyers by surprise!

1.  Home Inspection

Cost: $350–$500+

A home inspection lets you know of any potential problems — like mold, bad roof, water pressure, crawl space issues, etc. An inspection lets you know what you’re getting into before you buy.

Even if …

How Does Housing Play a Part in Generational Wealth?

racial diversity in homeownershipDespite gains made after the signing of the Fair Housing Act in 1968, currently 71 percent of Asian Americans, 54 percent of Hispanic Americans, and 63 percent of White Americans can afford to buy the typical home compared to only …

How to Navigate the Bidding Wars When Buying a Home! Part 2

Do your homework

Start looking at listings online, even if you aren’t quite ready to begin the process yet. It will give you an idea of neighborhoods and home types you like that are within your budget.

Get educated!!  Start …

How to Navigate the Bidding Wars When Buying a Home! Part 1

This is Part 1 of 2 on how to navigate the bidding wars when purchasing a home.

The pandemic has shown individuals and families that they need more space to “work from home” (WFH).  More Americans see the value of …

Everything You Need to Know About Finding an Accessible Place to Live

Image via Unsplash

A comfortable and supportive environment is something we all want in our homes. However, finding accessible housing that fits the bill can be tough. Read on as we explore some simple strategies that can help you score …

Why Aren’t Buyers Reading Their Paperwork?

The mortgage lending industry does not want to ever hear this statement again, “I don’t know what kind of loan they gave me.”  Since 2008, we have experienced a flood of new regulations and disclosures.  All of them to Read disclosures before signingbenefit …

Private Mortgage Insurance and Your Credit Score

Here at EducateHomeBuyers.org we work to provide you with the most current information on purchasing, selling and refinancing your home.  Our objective is to help you make smarter financial decisions.

Private Mortgage Insurance, or PMI, is something that few homebuyers …