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...
by Mark Chaffee | Oct 24, 2017 | Housing Affordability, Mortgage Tips, Owning Vs Renting, Vermont Real Estate
A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less. The trend continued among all buyers with a mortgage, as 73% made a down payment of less than 20%. An article by Chase points to...
by Mark Chaffee | Oct 18, 2017 | Financial Fitness, Housing Affordability, Owning Vs Renting, Vermont Real Estate
In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers show that the range is an average of...
by Mark Chaffee | Oct 13, 2017 | Financial Fitness, Owning Vs Renting
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth...
