Wisconsin leads in property investment interest, with 459.4 monthly searches / 100K people....
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The state of Georgia has launched a program called Georgia Mortgage Assistance which allows eligible residents to receive grants up to $50,000 to help pay off their mortgage. The program is funded by the American Rescue Plan Act of 2021 and applications are now open. There are three different ways the program can assist recipients, including mortgage reinstatement, reducing the total mortgage loan...
For first-time homebuyers, understanding and navigating the pre-approval process can be a daunting task. However, with the right knowledge and preparation, it can be a smooth and efficient process. The top 10 tips for first-time homebuyers include understanding the importance of pre-approval, checking your credit score, determining a budget, gathering necessary documentation, researching lenders,...
Smart home products and systems are increasingly influential in attracting buyers across different price points. >34% of likely buyers would pay a few thousand dollars extra for a smart home compared to a non-smart home. ~85% of buyers consider smart home features important, with ~40% expecting to pay no additional cost....
Homeowners who are looking for ways to access cash in their home without having to refinance to a higher rate than what they currently have can explore their home equity options. These include home equity loans, which come with lower interest rates than other credit types and a tax deduction on the interest paid, and HELOCs, which have variable interest rates and allow borrowers to deduct up to 80% of...
Clean up your credit: - Check credit reports, dispute errors Pay bills on time Reduce debt, improve credit Keep old cards Avoid new accounts Consider rapid rescore: Update reports quickly Request through lenders Correct misinformation, pay debt Results and potential fees Consider rapid rescore: Update reports quickly Request through...
Homeowners pay $14,144 yearly, or $1,180 MoM, for bills, taxes, insurance, and maintenance on top of their mortgage. Nationally, property taxes, homeowners insurance, and utility payments avg $7,742....
Georgia's buyers can save $30K by building instead of buying a home. The estimated cost to build a home in Georgia is $365K. The median home price in Georgia is $395K....
Despite earning a salary of $100,000, which is higher than the national median household income, 49% of people still find it difficult to buy a home. The 28/36 rule suggests spending no more than 28% of your income on housing expenses and no more than 36% on total debt payments. This means that on a salary of $100,000, the mortgage payment should be no more than $2,333 and other debts should be no more...
Today's market is tough for many prospective homebuyers, with mortgage rates on average around 6-7%, and a shortage of homes for sale pushing up prices. However, for some buyers, now can still be a great time to buy. Plus, you can start building equity in your home and plan to refinance in the future. Continue to full article...