Buying a home is a big investment. For most of us, it’s the biggest loan we’ll have in our lives. The Consumer Financial Protection Bureau discusses the different types of loans, many of which are available through private lenders and partially guaranteed by different federal programs, thus offering benefits for people who qualify. Talk with…
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Most Americans Now Believe It’s a Good Time To Buy a Home, Despite Soaring House Prices—Here’s Why
By Jacob Passy, MarketWatch Despite skyrocketing home prices, a majority of Americans believe now is a good time to buy a home, according to a new survey from Gallup. Some 53% of Americans believe it is a good time to buy, Gallup reported Tuesday, citing the results of a survey of nearly 1,000 U.S. adults…
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Single Women Outpace Men in Home Purchases
Single women have long been a powerful force within the first-time buyer segment. Now, one lender's analysis of recent U.S. Census Bureau data shows that, in the largest markets, single women far outpace single men when it comes to homeownership in most of the country. Single women own about 5.2 million homes in the U.S., 44% more than the…
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Judging a Home’s Resale Value
Even if you plan to purchase your forever home, it’s essential to think of the future. Life may take you in an unexpected direction. Before buying a property, you should know how to understand it’s resale potential. Ensuring it will appeal to others if you must make a move is necessary to make the purchase…
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Consider Tax Implications
When looking into buying a new home, property taxes should be a factor in your decision. There are taxes associated with owning real estate, whether it be a home or a plot of land. How much these taxes are depends on multiple circumstances, including how you use it, its condition, size, and more. How a…
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