Year-Over-Year Rental Prices on the Rise
It has been reported that 2020 is projected to be a strong year for homeownership due to rental prices going up next year according to the Freddie Mac Forecast,
“We expect rates to remain low, falling to a yearly average of 3.8% in 2020.”
If you’re currently renting, 2020 is definitely a great time to think about making a jump into homeownership while mortgage rates are going to be low.
Buying A Bigger House: Is It Within Your Budget?
At this time of year, many people come together to celebrate the season. It’s also the time when many homeowners realize their homes are not big enough to host all of their guests and loved ones.
You may have enough equity in your current home to move up.
According to the Q3 2019 U.S. Home Equity & Underwater Report by ATTOM Data Solutions,
“14.4 million residential properties in the United States were considered equity rich,...
How To Pay Off Your Loan Faster
Getting a loan is part of the process for many home buyers. But, that's only the beginning of your homeownership journey. For generations, homeowners would buy a home for life. Working over the years to make the payments and celebrating the end of the 30-year mortgage were great milestones.
Today, few homebuyers expect to be in their home for longer than 7 - 10 years. Paying off a 30-year mortgage seems like an impossible task. Fortunately, there are great ways to pay off your loan which do not involve time. Here are some home loan strategies to help you pay off your mortgage loan faster.
How To Pay off Your Mortgage Faster
- Biweekly Payments – Work with your lender to determine how they handle biweekly payments. If processed...
A 365 Day Difference in Homeownership
Over the past year, there have been promising results regarding the mortgage rates that have fallen more than a full percentage point. This shows a great opportunity for homeownership this 2020 as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them:
If you already own a home, you may want to decide if you’re going to refinance. It’s one way to lock in a lower monthly payment and save substantially over time, but it also means paying upfront closing costs too. You have to answer the question: Should I refinance my home?
Move-up or Downsize
Another option is to consider moving into a new home, putting the ...
The True Cost Of Not Owning Your Home
There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream.
Realtor.com reported that:
“Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option…as people get more savings in their pockets, buying becomes the better option.”
Why is owning a home financially better than renting?
Here are the top 5 financial benefits of homeownership:...
3 Benefits To Owning A Home
Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner, and Real Estate Investor have certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate:
1. Real estate diversifies your income
“While it is certainly important to be properly diversified with your investments, it is even more important to be diversified with your...
Be On The Lookout For Gen Z: The Next Generation Of Homebuyers
As the new generation enters the real estate market in greater numbers, their approach is much different compared to the previous generations of home buyers. Research suggests our new generation or what we called Generation Z are even more interested in buying homes than adults.
You’ve likely heard a ton about Millennials, but what about Gen Z? In the next 5 years, this generation will be between the ages of 23 and 28, and they’re eager to become homeowners faster than you may think.
According to ...
Why Move to Florida?
Have you been dreaming of making Florida your new home? There are many reasons why Florida has become one of the popular places for those moving to another state. There are many reasons to move to Florida however these are the 5 most popular reasons to make the Sunshine home.
1. Sun Fun Sun!!
It is called the Sunshine State for a reason. Thanks to the 200 plus days of sunshine a year, you will never get bored living here. You'll be able to spend much of your time on outdoor activities like swimming, boating, fishing or visiting local amusement parks. We have traded the sand in for the snow.
2. Savings for you!
Florida & Golf...a Hole in One
Are you a golfer? If yes, then you will definitely love moving to Florida! There are more than 1,200 courses scattered in every corner of the state, making Florida the “golf capital of the world”! Palm Beach County has 160 courses where you can find a golf course that fits your budget and skill level. You will love the views of the water and some have a view of the ocean.
In Palm Beach County, players have the opportunity to play where the pros play as well as enjoy some of the best-designed courses in the world. Imagine living and playing at the PGA National Resort & Spa where the Honda Classic is held every year. Do you have what it takes to take on the Bear Trap?
7 Common Terms in Real Estate
Every industry has its own language and it can be confusing when buying or selling a home. Many agents speak the lingo however forget that the words don't always make sense to the client.
There are helpful things to do to prepare before you start viewing homes like save your downpayment, improve your credit score or understand the process is helpful. The exciting news is that you don't have to do this alone. Treu Group team members have a consultative approach where you focus on...