Archive of entries posted on

Home Owners Trump Renters in Wealth

              Home owners’ net worth is significantly higher than renters. A typical home owner’s net worth is $195,400 compared to a renter’s $5,400, according to the Federal Reserve’s last data from 2013. The Fed’s next survey of household finances, which is conducted every three years, is due out in […]

Things That Determine How Fast a Home Will Sell

  When you’ve decided to sell your home, the last thing you want is to have it sitting on the market forever, especially if you’re already gone and in your new digs. Conversely, you might not be ready for your home to go under contract within the first few days after listing it. So how can […]

Mortgage Brokers vs. Banks

There are a variety of different ways to finance a mortgage, but I’d like to focus on two specific channels, “mortgage brokers versus banks.” There are mortgage brokers, who work as middlemen between banks/mortgage lenders and borrowers on the wholesale end to secure financing for homeowners. And there are banks and lenders that work directly […]

First-Time Home Buyers Have One Big Hurdle to Overcome

                  It’s no secret: Housing costs are expensive. Rising rents and a strong real estate market are making it harder for first-time buyers to get a piece of the American dream. Buying a home means getting these four areas of your finances in shape: Credit Debt Income […]

Americans shop around for everything but mortgages

          Americans are far more likely to go out of their way just to save 10 cents on a gallon of gas than they are to shop around for the best rate on a home loan, a new study found. The study, released last week by LendingTree, found that 79% of […]

Buying a Home 48% More Affordable Than 2006

Home prices may be reaching new highs lately, but buying a home is still significantly more affordable than it was during the 2006 housing bubble, according to a new report by RealtyTrac. Low interest rates have largely contributed to keeping homes more affordable in recent months, according to the analysis. “Although home prices continue to […]

What does a post-TRID world look like?

            So, what exactly does a post-TRID world look like? HousingWire spoke with Terry Moore, senior managing director at Accenture Credit Services, about how much different real estate and mortgage finance will be going forward. For borrowers, Moore said he sees benefits, drawbacks and unintended consequences coming from TRID. Moore […]

How the mortgage process just changed

It just got a little easier to navigate the complicated mortgage process. New disclosure rules went into effect in the mortgage world Saturday that require lenders to provide home buyers two new forms that clearly detail their loan terms.Comparing different loans Lenders have to provide potential home buyers a Loan Estimate form within three days […]

Millennials are no longer a renter generation

According to a recent article:Homebuying trends in 2015 are undermining the image of the Millennials as a generation of renters. Chief Economist Jonathan Smoke has argued for some time now that Millennials are not different than previous generations in homebuying, delaying homebuying decisions by no more than a year or two beyond the habits […]