What Are Your Priorities in 2023

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  HUGE Home Buying MYTH that you must have 20% down payment to buy! Most borrowers average LESS than 20% down payment. Did you know that we offer up to $10,000 in Down Payment Assistance to eligible applicants? Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to come up with 20% of the total sale price for your down payment. This means people who could buy a home may be putting their plans on hold because they don’t have that much saved yet. The reality is, whether you’re looking for your first home or you’ve purchased one before, you most likely don’t need to put 20% down.  Here’s why. According to Freddie Mac: “The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.” If sa
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Renters Missed Out on $51,500 This Past Year

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  Rents have increased significantly this year. The latest  National Rent Report  from  Apartmentlist.com  shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year,  the national median rent has increased by a staggering 16.4 percent.  To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.” Looking back, we can see rents rising isn’t new. The median rental price has  increased  consistently over the past 33 years  (see graph below) : If you’re thinking of  renting  for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true  cost  of renting. The Money Renters Stand To Lose This Year A homeowner’s monthly mortgage payment pays for their shelter, but it also acts as an investment. That investment grows in the form of  equity  as a homeowner makes their mortgage payment each month t
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