Attention small community renters: why rent when your dream home sits a few miles away with no money down? USDA home loans have grown increasingly popular over the years, helping more than 650,000 individuals and families into homes. There are small communities that qualify for no money down and lower interest rates near your current...
We all can agree, there’s no place like home for the holidays, but often times, our housing payments can come with a price tag. Homeowners and renters: what would you do without a mortgage or rental payment the first month of 2019? Pay off your Christmas presents? Apply it towards other bills? Put it in savings? Take a much needed...
The first step was buying your first house, and you felt the benefits: your credit score continues to increase, and during tax season, you can write off 12 months of interest and keep a huge chunk of cash to yourself, not to Uncle Sam. You feel the pride of home ownership as you pull into your driveway each evening. Now, ask yourself, is there...
How often do we make a 30-year commitment? A partner? Our children? A career? For majority of us, 30 years sounds like an eternity. In terms of purchasing a home, a 15-year loan is a bit more comforting over a 30-year: lower interest rates, and of course, cutting the time frame of paying off your mortgage in half. On the flip side, the downfall of...
Platinum Home Mortgage‘s CEO, William Giambrone, met with Congress for the 3rd time this year. Representing the Community Home Lenders Association, William’s goal is help support Congress and other federal agencies implement new strategies to make housing and the American Dream more affordable and accessible to all. Some of the topics...
One of the many perks to home ownership: building equity. According to CNBC, today’s homeowners have the highest amount of total accumulated equity in their homes ever recorded, sitting at $5.8 trillion. With home values steadily on the rise, homeowners built an average of $14,700 alone within the last year and have about $113,900 available...
Homeowner AND mortgage insurance?! What’s the difference and why are you paying for both? To put it in layman’s terms, one protects the house and the other protects the mortgage. Read on for mortgage insurance and homeowners insurance explained: What is mortgage insurance? Mortgage insurance is a small percentage added to your monthly...
One of the many factors of what makes certain cities and neighborhoods “hot markets” is the school district, and that very factor also plays a role in purchasing a home for many Americans looking to start a family or already have children. After losing bidding wars on hot homes in desirable neighborhoods, so many throw in the towel and resort...
In an age with the world at our fingertips, its no surprise that artificial intelligence is dabbling into many industries we used to depend on actual human interaction. The latest is home iBuyers, real estate companies that instantly buy homes for cash then are placed back on the market. Since Opendoor started it all in 2014, iBuyers in real...
It comes to no surprise that 98% of consumers shop on Amazon (at least sometimes), and 48% of them have an Amazon Prime account. Now, Amazon users aren’t just using the retail giant to purchase the fast, 2-day shipping of everyday items. Some say Amazon has taken complete control over the lives of consumers (and the world), others argue that...
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