First Time Home Buyers

Dec. 4, 2018

Will Your Side Hustle Buy You a House This Year?

Will Your Side Hustle Buy You a House This Year? | Simplifying The Market

The top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017. 

 

Among millennials with incomes over $100,000 a ...

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Dec. 4, 2018

Buyers: Don’t Be Surprised by Closing Costs!

Buyers: Don’t Be Surprised by Closing Costs! | Simplifying The Market

Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage?

 

By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan ...

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Dec. 4, 2018

4 Reasons to Buy A Home This Winter!

4 Reasons to Buy A Home This Winter! | Simplifying The Market

Here are four great reasons to consider buying a home today instead of waiting.

 

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to ...

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Dec. 4, 2018

Homeowners Aged 65+ Have 48x More Net Worth Than Renters

Homeowners Aged 65+ Have 48x More Net Worth Than Renters | Simplifying The Market

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016.

 

The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase ...

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Sept. 6, 2018

Top 3 Myths About Today’s Real Estate Market

Top 3 Myths About Todayâ??s Real Estate Market | Simplifying The Market

There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it ...

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Aug. 27, 2018

Rent or Buy: Either Way You’re Paying A Mortgage!

Rent or Buy: Either Way Youâ??re Paying A Mortgage! | Simplifying The Market

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

 

As Entrepreneur Magazine, a premier ...

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Aug. 23, 2018

Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

Having Trouble Saving Enough for Your Down Payment? Crowdfund It! | Simplifying The Market

You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home.

 

Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. This is fueled by ...

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Aug. 21, 2018

The Net Worth of a Homeowner is 44x Greater Than A Renter!

The Net Worth of a Homeowner is 44x Greater Than A Renter! | Simplifying The Market

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released.

 

The study revealed that the median net worth of a homeowner was $231,400 – a 15 ...

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Aug. 19, 2018

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now – don’t wait until they hit 5% to start ...
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Aug. 16, 2018

Housing Market: Another Gigantic Difference Between 2008 and 2018

Housing Market: Another Gigantic Difference Between 2008 and 2018 | Simplifying The Market

Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis.

 

However, there is a major ...

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