I was recently asked by a client about the potential costs of waiting until she could make a 20% down payment – since she only had enough for a 10% down payment when we spoke. Let’s take a look at
Should You Wait Until You Have 20% Down?
Here is what you need to earn to buy the median priced home in Chapel Hill, Cary, Durham, Raleigh, and Pittsboro,NC
CNBC just analyzed the housing markets in 15 cities to determine what you need to earn in order to be able to afford the median home. I think it is fascinating to look at the range of home affordability across
Worker Shortage Is Hurting The Triangle’s Hot Housing Market
The current political climate is hurting our hot housing market. How? A significant proportion of workers in housing construction – one in four – are without proper documentation, and they are scared stiff. The local home builder’s association has asked
The New Tax Code – 6 Things To Know
Your income taxes will be affected by tax reform, and if you’re planning to buy a home this year, you should know how the new tax law has changed the rules of homeownership. Yes, you still need to find the
2018 Is A Hot Year To Sell. So How Do You Buy A Home?
Inventory shortages are driving the housing market, making it a great year to sell a home, but a challenging one if you are a buyer. So just how do you make a winning offer? First off, you need to be
Tax Reform & Your Decision To Buy A Home
The two most impactful tax-code changes are the decreased mortgage interest deduction and the state and local tax (SALT) deduction cap. The mortgage interest deduction is now capped at $750,000 – formerly limited to $1 million. But who has a
Mortgage Broker or Mortgage Banker ?
Most borrowers focus on their mortgage rate and loan terms and never consider the type of lender they will choose. Read on to find out why that could be a mistake. Once upon a time you would obtain your home
Surprise decline in U.S. home sales in December
The issue with declining sales is not that there isn’t demand. The challenge is that there simply aren’t enough homes available – national housing inventory is down 10.3% from a year ago, and last year was a hot market! This
Saving For Your Down Payment
This article has some great tips to help you get started saving for your down payment. 6 months from now, you’ll wish you had started today! Other than simply saving more, the two techniques I see most often employed to
62% of buyers put less than 20% down
Among all purchase closings in February 2017, 62% of buyers put down less than 20%. There are many loan programs that do not require 20% down – and I’d be happy to review them with you. Eighty Percent of First-time