Here's a Better Way to Calculate the True Rent vs. Buy Costs #Homebuyers #RealEstate #FirstTimeBuyer #HomeLoan #Mortgage
California Dream Homes: Sheer Beauty and Stunning Designs For Your Inspiration #Homebuyers #RealEstate #FirstTimeBuyer #HomeLoan #DreamHome
In my last commentary, I wrote about the misleading math behind the rent vs. buy calculation. My main point was that focusing on the direct, total monthly costs of renting vs. buying misses the important fact that a significant portion of every mortgage payment goes toward the principal balance, building equity for the homeowner.
That principal payment is really a forced savings program which grows over time. And that’s a key reason why homeowners on average have much more accumulated wealth than renters.
How Much Of My Monthly Income Should I Spend On A Mortgage? #Homebuyers #RealEstate #FirstTimeBuyer #HomeLoan #Mortgage #Lending
California has been long known as “the land of milk and honey”. It’s where you go in search for great weather all year round. It’s where you indulge into divine tasting foods, even more stunning wines and all sorts of other delicacies. But there’s more to the Golden State than Silicon Valley, Hollywood and those amazing yellow poppies fields that leave you in awe. Every corner you turn, you feel inspired. For some it’s business, but for others, and that includes us at Decoist, it is the design that strikes you.
Thinking Different? 2 Must-See Modern Marvels for Sale in Venice
Before you plan to spend the maximum amount you’ve been approved for, consider whether you can really afford the mortgage your lender offers. Here’s how to determine how much of a mortgage payment your budget can handle each month.
Best And Worst Advice For Buying A Home From People Who Have Done It Before
Creative, modern minds demand something other than cookie-cutter tract homes. And with so many creative types in Southern California, there has to be a buyer who desires to be truly different.
Artist and designer Mario Romano is looking for a creative soul to buy into his distinctive vision. Romano’s been busy disrupting architectural norms in Venice, CA, and creating one-of-a-kind homes.
Modern Dream Home Design, California
From trusting your gut to buying a foreclosure, here are 8 real estate tips these buyers will never, ever forget.
Asking for home-buying advice is a little like asking for parenting tips. You’ll probably get some really good (and some really bad) suggestions. But when you’re scoping out homes for sale in Austin, TX, or Fort Lauderdale, FL, how can you tell the difference? And when should you trust your own instincts instead? Here’s a peek at some of the best and worst advice homebuyers have received about real estate — and what the experts think of it.
Which Type of Mortgage Is Right for You? A Guide for Home Buyers
Mandeville Canyon Residence is modern dream home designed by Rockefeller Partners Architects for Mandeville Canyon, a small community in the Brentwood neighborhood of Los Angeles, surrounded by Sunset Boulevard and Mulholland Drive.
Modern Eichler Renovations
Need a mortgage to buy a home? Oh course you do! So you’ll want to consider carefully which type of mortgage is right for you. That’s right, you have options! And it’s important to choose a home loan that best suits your financial circumstances, because it can save you major money and make sure those payments will likely remain within your financial reach.
12 Things That Make A Neighborhood Truly Great
Scattered throughout California, these homes of midcentury master Joseph Eichler received sensitive renovations that further enhance his vision of indoor-outdoor balance.
This Is What a Millennial's Dream House Looks Like in Real Life
When you’re in the market for a new place to live, it helps to remember the golden rule of real estate: You’re not just buying or renting a home — you are also becoming part of a neighborhood.
Looking to Buy Real Estate in Santa Monica? Here’s What You Should Know
Millennials represent a powerful slice of the marketplace, and the real estate industry is taking notice. A research study on millennials conducted by Builder magazine and TRI Pointe Group found some surprising demographic insights. Pardee Homes put the study's findings to use, building millennium-focused Responsive Homes designed to meet the unique needs of those born from the early 1980s to the early 2000s.
This ‘Bookshelf House’ Is Every Book Lover’s Dream Home
Demand for real estate is high in sunny Santa Monica, California, with the majority of homes getting snatched up in just a few months. But with a median home listing price of $1.6 million as of March, Santa Monica real estate is expensive.
Southern California home prices jump and sales fall
For book lovers, there’s no such thing as too many books. Unfortunately, there is such a thing as too little storage. When your nightstand is piled high with books that may very well fall and crush you in your sleep, it’s time to reevaluate.
How To Save For A Down Payment (And Still Live Your Best Life)
Southern California home prices jumped in December, reaching the highest level in more than nine years.
An improving economy and a shortage of homes for sale propelled prices up 6.8% from a year earlier, real estate data firm CoreLogic said Tuesday. December’s median price of $470,000 was up 1.1% from a month earlier.
These 9 Unique Houses In Southern California Will Make You Look Twice… And Want To Go In
Having a full down payment ready to go can help you get the mortgage you want, secure a better interest rate, make your offer on a property more appealing to sellers, and avoid private mortgage insurance (PMI) costs. But there’s just one problem: Saving for a down payment can feel like an impossible goal, since 20% of the typical home’s purchase price is a large sum of money!
Someone to Speak for Borrowers in Trouble
One of my favorite things to do when I travel around Southern California is drive through the neighborhoods and look at all of the unique architecture that pops up in each city. Many people think the houses in Southern California are nothing but stucco, but that is definitely not the case.
What You Need to Get a Mortgage: A Complete Guide for Home Buyers
AS she leafed through her client’s mortgage papers, the housing loan counselor just shook her head.
The numbers and interest rates and payment schedules formed such a familiar, dispiriting picture. The 32-year-old man who was sitting across the desk from her said he had been persuaded to take out an adjustable rate mortgage called an option ARM when he bought his home, the first he has owned. The terms of the loan put him in danger of joining millions of people dragged under by the mortgage crisis that has washed through towns and cities across the country.
Buying A Home: Tips For First-Time Homeowners To Buy A Home With Little Or No Money Down
Think you’re ready to buy a home? Congratulations! But before you start swooning over open houses, take a step back and ponder how you’re going to pay for your new digs. Odds are you’ll need to get a mortgage, and they don’t just hand them out on street corners, ya know. So what’s the secret on how to qualify for a mortgage, anyway?
Will House Prices Go Down In 2017? 5 Trends To Watch, As Interest Rates Rise And Millennials Move Out
Fortunately, it's gotten easier again in recent years. Conventional mortgages are now available with down payments as low as 3% thanks to programs from Fannie Mae and Freddie Mac. You'll probably have to pay private mortgage insurance (PMI) until your loan-to-value ratio drops below 80%, but this is a good option for borrowers who qualify.
Buying a Home in 2017? These 5 Things Could Jeopardize Your Mortgage
With mortgage rates and home prices rising, the housing market has become more hostile to home buyers in 2016. But in the next year, major factors that influence the housing market stand to change both for the better and the worse. Read on for what people looking to settle down into a new home can expect in 2017.
Shockingly, enough people still do things that can cause themselves heartache when applying for mortgages. Here’s what you need to know if you’re thinking about buying a home in 2017.
Your ability to buy a home rests on the numbers and documentation your mortgage lender has. If there is a change to any of these, your chances of buying a home can be jeopardized. This means that when there is a change to your credit, debit, income assets, or job during the escrow process, you might not be able to buy that house and you’ll risk losing your money. Here are five things to watch out for.