Featured News, Mortgage, US Real Estate

Alternative mortgages providing a back door to homeownership

By Mike Wheatley | October 8, 2019
Consumers with bad credit ratings are increasingly taking advantage of alternative mortgage products that allow them to buy a home without a huge down payment, often through lease-to-own contracts. But borrowers still need a steady income to qualify for these products, the Wall Street Journal reported. One example is a company called Divvy Homes, which […]
Mortgage, Real Estate, Residential, US Real Estate

Young consumers are confused about home buying, survey finds

By Mike Wheatley | August 27, 2019
More than half of younger adults in a recent survey say they lack knowledge about homeownership and mortgages, and the findings demonstrate they may need more resources to learn about these things, the survey authors say. LendEDU, a personal finance resource that carried out the survey of consumers aged 23 to 38, said that confusion […]
Featured News, Home Buying, US Real Estate

Experts forecast growth in homeownership rates as millennials come of age

By Mike Wheatley | July 30, 2019
U.S. Census Bureau data published this week shows that the homeownership rate fell slightly to 64.1%, despite the fact that the number of new households is rising. That’s because most new household formations come from rentals, the number of which was larger than the amount of new homeowners for the first time since 2016. “The […]
Mortgage, US Real Estate

New bill proposes cutting FHA insurance premiums for first-time buyers

By Mike Wheatley | July 13, 2019
Lawmakers in the U.S. House of Representatives have approved a bill that would reduce the cost of upfront mortgage insurance fees on Federal Housing Administration-sponsored loans for first-time buyers. The bill comes with a caveat however, as first-time buyers would need to undergo a housing counseling program about sustaining homeownership in order to qualify for […]
The One Thing Home Buyers Regret After Buying
Home Buying

The One Thing Home Buyers Regret After Buying

By Tammy Emineth | May 6, 2019
Did you know that nearly 45% of homeowners say they regret some part of the home buying process? While everyone possibly has some regret either during the home inspection, the choice of real estate buyer's agent, how much money they put down or how little they put down, the number one thing that most home […]
Home Buying

3 Reasons to See a Homeownership Adviser

By Jamie Richardson | May 3, 2019
Are you buying a property in Edmonton for the first time ? If so, be ready for a rollercoaster ride of emotions. It will take a lot of patience, understanding, and finances before you acquire a property that you truly want. Not to mention, all the documents and paperwork that you need to go through. […]
Mortgage, US Real Estate

U.S. homeownership rate falls for first time in two years

By Mike Wheatley | April 30, 2019
The U.S. homeownership rate fell for the first time in two years to just 64.2% in the first quarter of 2019, down from 64.8% in the previous quarter, according to newly released Census Bureau data. Experts believe the falling rate might have something to do with rising home prices and a wobbling economy. Lower housing […]
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