5 Reasons Homeownership Makes ‘Cents’

 

March 7th, 2019

The American Dream of homeownership is alive and well. Before you sign another lease, let’s get together to help you better understand all your options.

Posted on March 8, 2019 at 4:22 pm
Bradley Mulliner | Category: Buying/Selling Tips, Helpful Articles, new home, new home owners

Tips For Getting Your House Ready For Sale

If you want to sell your home soon, it’s worth putting in the work now. Let’s get together to chat and start the process!

Posted on March 1, 2019 at 4:58 pm
Bradley Mulliner | Category: Buying/Selling Tips, Helpful Articles, new home owners, sell your house

The Cost of Buying a Home – A 50-Year Flashback

The Cost of Buying a Home – A 50-Year Flashback

February 22nd, 2019

The interest rate you secure when buying your home impacts more than just your monthly mortgage payment. The higher the rate, the more money you will pay for your home over the course of your loan. Let’s get together to discuss how to get you in your dream home at today’s historically low rates!

Posted on February 22, 2019 at 4:21 pm
Bradley Mulliner | Category: Buying/Selling Tips, Helpful Articles, new home owners, Real Estate Activity

The First Step in Buying a Home

Are you planning on buying a home this year? Show homeowners that you are serious about buying by getting pre-approved for a mortgage! Let’s get together to help you take the first step in making your dream of buying a home a reality!

Posted on February 15, 2019 at 3:06 am
Bradley Mulliner | Category: Buying/Selling Tips, clients, Helpful Articles, new home, new home owners

No Matter What the Groundhog Says… You Should Sell Before Spring!

Posted on February 1, 2019 at 6:39 pm
Bradley Mulliner | Category: Buying/Selling Tips, Helpful Articles, new home, new home owners, Real Estate Activity, sell your house | Tagged , , ,

When’s the best time to sell your house?

When’s the Best Time to Sell Your House?

December 12th, 2018

Waiting until spring to list your house no longer makes sense. Most listings come to market between April and June, so waiting to list means you’ll be met with a ton of competition. Let’s get together today to discuss why it makes more sense to list your house now!

Posted on December 12, 2018 at 11:14 pm
Bradley Mulliner | Category: Buying/Selling Tips, Helpful Articles, new home, new home owners, sell your house

Thinking of Selling? Act Now!

Buyer demand continues to outpace the supply of homes for sale across the country and it does not appear to be slowing down. If you are debating whether or not to list your house for sale this year, let’s get together to discuss the supply conditions in our neighborhood so that I can assist you in gaining access to the buyers who are ready, willing, and able to buy right now!

Posted on July 31, 2018 at 5:45 pm
Bradley Mulliner | Category: Buying/Selling Tips, clients, Helpful Articles, new home, new home owners, Real Estate Activity, Uncategorized

3 Tips For Making Your Dream Home A Reality

Posted on July 13, 2018 at 2:41 pm
Bradley Mulliner | Category: Buying/Selling Tips, clients, new home owners

Be Careful Not to Get Caught in The Rental Trap!

Be Careful Not to Get Caught in The Rental Trap!

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.

Don’t Become Trapped
A recent article by ConsumerAffairs addressed the continuous rise in rents, stating:

“The cost of putting a roof over your head continues to go up. Not only are home prices still rising, but the cost of rent rose 0.5% in June.”
Additionally, in the Joint Center for Housing Studies at Harvard University’s 2017 State of the Nation’s Housing Report, it was revealed that,

“Despite a slight improvement from 2014, fully one-third of US households paid more than 30 percent of their incomes for housing in 2015. Renters continue to be more likely to face cost burdens…the number of cost-burdened renters (21 million) considerably outstrips the number of cost-burdened owners (18 million) even though nearly two-thirds of US households own their homes.”
These households struggle to save for a rainy day and pay other bills, including groceries and healthcare.

It’s Cheaper to Buy Than Rent
As we have previously mentioned, the results of the latest Rent vs. Buy Report from Trulia shows that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!

Know Your Options
Perhaps you have already saved enough to buy your first home. A nationwide survey of about 24,000 renters found that 80% of millennial renters plan to eventually buy a house, but 72% cite affordability as their primary obstacle. Aside from affordability, one in three millennial renters have concerns about their credit scores, and another 53% said that a down payment is an obstacle.

Many first-time home buyers who believe that they need a large down payment may be holding themselves back from their dream homes. As we have reported before, in many areas of the country, a first-time home buyer can save for a 3% down payment in less than two years. You may have already saved enough!

Bottom Line
Don’t get caught in the trap that so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Let’s get together to determine if you can qualify for a mortgage now! https://goo.gl/qno7mv

 

 

 

Posted on August 1, 2017 at 2:55 pm
Bradley Mulliner | Category: Buying/Selling Tips, Helpful Articles, new home owners | Tagged , , , ,

Why Are Mortgage Interest Rates Increasing?

20161122-Share-STM

According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% last week. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly. 

Why did rates go up?

Whenever there is a presidential election, there is uncertainty in the markets as to who will win. One way that this is noticeable is through the actions of investors. As we get closer to the first Tuesday of November, many investors pull their funds from the more volatile and less predictive stock market and instead, choose to invest in Treasury Bonds.

When this happens, the interest rate on Treasury Bonds does not have to be as high to entice investors to buy them, so interest rates go down.  Once the elections are over and a President has been elected, investors return to the stock market and other investments, leaving the Treasury to raise rates to make bonds more attractive again.

Simply put, the better the economy, the higher interest rates will go. For a more detailed explanation of the many factors that contribute to whether interest rates go up or down, you can follow this link to Investopedia.

The Good News

Even though rates are closer to 4% than they have been in nearly 6 months, they are still slightly below where we started 2016, at 3.97%.

The great news is that even at 4%, rates are still significantly lower than they have been over the last 4 decades, as you can see in the chart below. Continue reading

Posted on November 22, 2016 at 5:41 pm
Bradley Mulliner | Category: Buying/Selling Tips, Helpful Articles, new home, new home owners, Real Estate Activity | Tagged , ,