by Mark Chaffee | Feb 13, 2018 | Financial Fitness, Housing Affordability, Owning Vs Renting, Vermont Real Estate
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your...
by Mark Chaffee | Jan 29, 2018 | Financial Fitness, Housing Affordability, Owning Vs Renting, Vermont Real Estate
According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.” For the report, ATTOM Data Solutions compared...
by Mark Chaffee | Dec 8, 2017 | Financial Fitness, Mortgage Tips, Owning Vs Renting, Vermont Real Estate
Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form. Many...
by Mark Chaffee | Nov 27, 2017 | Financial Fitness, Housing Affordability, Owning Vs Renting, Vermont Real Estate
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, buying...
by Mark Chaffee | Nov 16, 2017 | Financial Fitness, Housing Affordability, Mortgage Tips, Owning Vs Renting, Vermont Real Estate
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the...
by Mark Chaffee | Nov 3, 2017 | Financial Fitness, Mortgage Tips, Owning Vs Renting, Vermont Real Estate
Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process. Make sure all the information listed on your report is accurate and work to correct...
