What mortgage can I get approved for? Fannie Mae found most Americans overestimate the credit score and down payment necessary to qualify for a mortgage. Credit scores and lending requirements are confusing - even to those of us who work in the credit industry or those that are tangentially related, like mortgage origination or banking. [...]
How much can I afford to spend on a house? There are four factors home buyers should evaluate when setting a budget to buy a house and avoid this situation. How Much Can I Afford to Spend on a House? Taking a realistic look at finances and setting a firm budget is a crucial step [...]
Gen Z: homeowners by age 30? Gen Z wants to buy a home in 5 years, but most early adults still receive financial support from parents. Nearly 60 percent of Gen Z wants to buy a home within the next five years, meaning they would become homeowners by the age of 30, according to research [...]
Are Millennials Buying Homes? Millennials now have the largest share of new mortgages by dollar volume, but most of them have regrets about buying a home. Are Millennials buying homes? It looks like the answer is yes: Millennials are finally becoming homeowners. Millennials now account for the largest share of new mortgages by dollar volume [...]
Buying a home is the most stressful event of modern life, but the right real estate agent can alleviate some of that stress and make the home-buying process more exciting than anxiety inducing. When it comes to stressful life events, you might think applying for a job, hosting Thanksgiving dinner, and applying for college are [...]
While we all have seen shows on dream homes, we may not be able to afford those homes and may not want to actually live in those dream homes. You need to know how much you can afford when buying a house. When you know the amount, you still need to feel comfortable spending that amount on a monthly basis. A big mistake home buyers make is thinking they can afford a home and then realizing that they are spending too much of their money trying to keep their home. It's a common home buying mistake to buy more than you can comfortably afford. Make sure you are comfortable with your monthly home budget.
