08 Jul 2022
By Aadil Nathoo

You Closed On A House: Do You Or Your Lender Own It?

Mortgage, ,
You were able to find a house and successfully close on it, so congratulations on becoming a homeowner! Then, you pause for a second and think: does your lender own your house? Some people believe that if they only put 20 percent down on a house, the lender actually owns the other 80 percent. Does this mean that your lender still owns a large portion of your house? This is not the case, but there are some caveats that you need to keep in mind. Your Name Is On The Title First, you are the one who owns the house.…
Read More
07 Jun 2022
By Aadil Nathoo

The Majority Of Millennials Plan On Buying A House In The Next Few Years

Mortgage, ,
During the past year, the housing market has been on fire. There are not a lot of houses for sale, many people are interested in moving, and there is a rising demand from the people who put off moving during the coronavirus pandemic. Furthermore, Millennial demand is picking up, which will only make the housing market even hotter. Recently, a survey found that approximately two-thirds of people who qualify for Generation Y are thinking about buying a home in the near future. Many of them have improving financial circumstances, and they are looking for a way to build wealth and settle…
Read More
26 Aug 2021
By Aadil Nathoo

The Average Length Of Homeownership For Most Families

Mortgage, ,
It is critical for everyone to find a home that is right for them. Given the current lack of inventory, this can be a significant challenge. Fortunately, the National Association of Realtors (NAR) keeps track of numerous market aspects, including how long the average family stays in a home. For the past few decades, the average family has stayed in their home for approximately six years; however, during the past few years, that average has gone up to nine years. This means that the average homeowner is keeping his or her house longer than he or she did in the…
Read More
22 Apr 2021
By Aadil Nathoo

Buying a Home While Relocating is a Smarter Choice

Mortgage, ,
The idea of buying a home is challenging enough as the process requires a lengthy approval validation, paperwork, financing, and the actual move with logistics. However, when one really looks at what typically occurs with relocation, buying versus renting can start to make more sense over time. Finances Have to be In Order Buying a home more than once every ten years requires a good amount of discipline on one’s personal finances. Most of the initial decisions and approvals will depend heavily on keeping one’s debt versus income ratios in line and viable. That also means saving up a lot…
Read More
02 Sep 2020
By Aadil Nathoo

Keep The Dream Of Owning A Home Alive

Mortgage, ,
For many people, owning a home is their dream. The COVID-19 pandemic has impacted the entire country and has left many people wondering if they can still afford to own a home. While this might put some things on hold, there are steps that everyone can take to keep the dream of owning a home alive. Get Pre-Approved For A Mortgage The first step that you should complete if you would like to own a home is to get pre-approved for a mortgage. The pre-approval process will give you a firm idea of what you can afford. Then, you can…
Read More