Tagged : property taxes

Found 3 blog entries tagged as "property taxes".

Each year, home renters face the question of whether to renew their lease for another year or determine if it is time to buy a home of their own. Over the past couple of years, the US housing market has changed dramatically as home values have soared and interest rates have remained low. So, if you are still renting your home, it might be time to buy instead.

4 Facts About Renting your Home

1. Rents Are Rising Quickly – Higher priced home values drive higher rent costs. While a 30-year fixed home loan will provide steady monthly payments for the duration, most renters are shocked to see their housing payments rise each year.

2. Paying for Your Landlord’s Equity – As home prices rise, so does the equity in the property. As a renter, you are

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Advice for Single Female Homebuyers

In 2019, the National Association of REALTORS reported that 18% of home buyers were single females, compared to nine percent of single males. From this data, it’s clear that single women see homeownership as an important way to provide themselves with more stability and financial security.

Here’s some helpful advice to help single women meet the responsibilities and rewards of homeownership.

  1. Buy within your means. While it’s good advice for all home buyers, single women can lower their risk by keeping their house payment, including property taxes, homeowner’s insurance, homeowner association fees and mortgage insurance at no more than one third of their income.
  2. Choose a forever home. Your home should
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The Best Homebuying Strategy

You don’t want to throw money away on rent anymore, do you? Instead, you can build an asset that can grow large if you handle your money wisely.

Your best strategy? Prepare financially now.

Down-payments.  Small down-payments spell risk for lenders. You’ll pay a higher interest rate, and you’ll have to get private mortgage insurance, about 0.5 to 1.0 percent of your mortgage. That’s about $2000 a year on a $200,000 mortgage, which will add about $167 to your monthly bills.   

While 20% down is ideal, paying PMI allows you to get into a home faster with less money down. You’ll benefit in a desirable housing market where home equity is rising.

The

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