27 Jul 2021
By Aadil Nathoo

Homeownership And The American Dream: Is It Changing?

Mortgage, ,
There are a few parts of American culture that people believe define this country. One element is the dream of homeownership. There is a strong belief that people need a place to call home. Therefore, since the dawn of this country, the government has tried to incentivize people to purchase a home. At the same time, there are some people who are looking at the younger generation, wondering if this American Dream is starting to change. Is homeownership still a part of the American Dream? Americans Still Believe In The Idea Of Homeownership Hard work and owning a home appear…
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23 Jul 2021
By Aadil Nathoo

Taking A Closer Look At Affordability: Renting And Buying

Mortgage, ,
There are many people who are looking at the housing market wondering if now is the time to make the jump from renting to owning. At the same time, is it more affordable to rent a home? Or, is it a smarter move to buy a home? Even though many people like the comfort of renting because it is someone else’s problem if something goes wrong, waiting too long to purchase a home could be costly. Here are a few of the most important points you need to keep in mind when it comes to renting versus buying a home.…
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21 Jul 2021
By Aadil Nathoo

Why An Emergency Fund Is Important

Mortgage, ,
There’s almost a guarantee that at some point in the future you’re going to face an emergency. Like most things in life, that emergency is going to require money to solve. You can’t assume that you’ll have the funds to face the emergency when it happens. You can’t even assume that you’ll have enough on your credit cards to pay for it. The only safe way to plan is to have an emergency fund. What Is An Emergency Fund? An emergency fund is a reserve of cash set aside for emergencies only. It’s not a savings account, because you’re not…
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14 Jul 2021
By Aadil Nathoo

Down Payment Assistance Programs May Make Homeownership More Affordable

Mortgage, ,
There are many people who are currently looking to purchase a home while interest rates are relatively low; however, there are many homeowners who feel like they do not have a strong level of financial understanding when it comes to the process of purchasing a home. If homeowners don’t have the financial knowledge base to effectively evaluate their options, they might have trouble figuring out what they can truly afford. For example, how much money do homeowners need to save for a down payment? There are a lot of down payment assistance programs available at local, state, and regional levels.…
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13 Jul 2021
By Aadil Nathoo

The Younger Generation is Looking To Buy Houses

Mortgage, ,
The current housing demand is unparalleled and because of this demand, home prices are skyrocketing. Nonetheless, people continue to shop for homes. Low interest rates and high demand combined with supply chain issues are stunting the homebuilding industry, creating a perfect storm for an unprecedented housing market. In addition, there are many millennials who are looking for homes right now as well. Why is this the case? Interest Rates Are At Record Lows One of the biggest reasons why so many younger people are looking to buy a home is that low-interest rates make them more affordable. As a result, people…
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