One of the first questions new home buyers ask us is “How much home can I afford?” With today’s great news about low mortgage rates and home affordability, the answer may surprise you. How Much Home Can I Afford? 1. … Continue reading →
The latest Case Shiller Price Index indicates that housing prices are at the same level as they were in 2003. The only difference is that mortgage rates have dropped significantly. The infographic from the KCM Blog below illustrates the point: … Continue reading →
If you’ve decided to embark on the journey toward homeownership, first we say: Congratulations! The road you are about to take is an adventurous one, and you’re likely to learn much along the way about what matters most to yourself … Continue reading →
According to the Freddie Mac mortgage agency, today the average rate on a 30-year fixed mortgage fell to the lowest rate ever, 3.94%. The average rate on a 15-year fixed-rate mortgage fell to 3.26%, also a record. Mortgage rates could … Continue reading →
While man can live on cash alone, having good credit makes life easier. A high credit score makes it easier to qualify for and get lower interest rates on loans and credit cards. Fortunately, you can build better credit if … Continue reading →
You don’t have to look far these days to find a news report or article talking about the skyrocketing costs of renting. Over the past few years, the numbers of renters have swelled thanks to the influx of prior homeowners … Continue reading →
The KCM blog recently put out the InfoGraphic below. What do the numbers in the chart say to you? The biggest difference in monthly payments from the highest to the lowest in the last 11 months was $75.01. Is $75 … Continue reading →
If you’re in the market for a new home, now is the best time to buy. Mortgage rates are at historic lows, and home prices have bottomed out in most markets. This is a good week to buy a house! … Continue reading →
Buying a home can be exciting, but it can be pretty confusing, too! To help you feel more confident as you embark on the journey toward home ownership, we present in this post a few of the most common terms … Continue reading →
According to the Wall Street Journal: “Most Rent vs. Buy calculators figure that if prices are more than 15 times annual rents, then a market favors renters; under 15 times, buyers”. Unlike what many articles will lead you to believe, … Continue reading →