Category Archives: Purchase

Rents Rising Fast in the Least Affordable Markets

According to Trulias recent Rent Monitor, in my area of Seattle, rents rose 8.50% from a year ago.   Rents will only continue that trend and keep going up with shrinking vacancy rates So why aren't more people considering buying a home?  Per Trulia's chart below, if you get a low down payment loan, are…
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Why Do I Need Mortgage Insurance?

For most homebuyers, the biggest hurdle to owning a home is the down payment.  Private mortgage insurance, or private MI, can allow you to purchase a home with less down than what otherwise may be required. On a conventional loan, you can have as little as a 5% down payment, utilizing mortgage insurance (MI). What is private…
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First Time Homebuyer Mistakes

If you are a first-time home buyer, finding the right home for you and your family can be overwhelming and stressful. There are many decisions to make. Before you start looking, make sure you’re not committing one of these classic home buyer mistakes.   1. Not knowing what you can afford to buy You haven’t been pre-approved?…
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