Are you on the fence about home buying? Are you postponing home ownership in favor of renting to have greater flexibility and to avoid dealing with maintaining a property? While these are benefits of renting, they can come at a cost. Over time, this cost can significantly hinder your ability to build wealth and damage your overall financial well-being. To demonstrate this point, let’s compare an average renting situation to an average home buying situation. Renter Bob: Renter

I toured this property with a client of mine this morning. The owner has resided in the property for the past 25 years and is looking to sell the home as-is. That being said, this is a fixer-upper type property that needs a good amount of renovation to bring it up to market value. It was originally listed for $525k in December of 2016 and was recently reduced to $500k. After pulling 6 months of sales data of homes in the same general location, I ran a quick analysis based sol

This week, the Department of Housing and Urban Development (HUD) made a surprise announcement that is beneficial to homebuyers seeking FHA Loans. Mortgage Insurance Premiums (MIP) will be lowered 25bps for FHA loans effective on 1/27/17. In addition, The maximum allowable debt-to-income ratio is increasing from 41% to 45% and the minimum allowable credit score for VHDA’s FHA Grant loan is decreasing from 640 to 620. A little background for those who are unsure what FHA loans