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Category: Buying a Home

Grow Roots, Make Memories, and Build Community

Does renting make you feel a little too transient? Is community important to you? It may make sense to become a homeowner. Almost nothing can help you put down roots, be involved in your community, or serve as an automatic catchment for memories quite like owning your own home.

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What is the Affect of Student Loan Debt On Homeownership?

With student debt making headlines on a regular basis, and the rates of homeownership being lower, is there a connection? Maybe. In the first issue of Consumer & Community Context, a publication from the Federal Reserve, an article by Alvaro Mezza, Daniel Ringo, and Kamila Sommer, Federal Reserve Board Division of Research & Statistics  entitled, “Can …

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Owners Enjoy More Privacy and Security

Renting comes with advantages. You are only committed to stay in place for the length of time you agreed to in your lease, you don’t have to manage the maintenance of appliances, and you get to live somewhere for a cost. However, there are several reasons why this may not be enough. Maybe you want …

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Before You Buy, Do A Financial Self Exam

Thinking about buying? If you are serious about owning your very own piece of the American Dream, it makes sense to take inventory of your current finances. By taking a closer look, you will have a better idea of whether you are ready to grab your dream of homeownership by the horns or whether you …

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How To Buy A House In 2019 – 5 Tips

If you want to buy a home this year, here are five tips on how to buy a house in 2019. At Benchmark, we make the effort to make it easy to claim your piece of the American Dream. Watch this video, then read last week’s article linked below. This New Year, Reach Your Dream …

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This New Year, Reach Your Dream of Homeownership

Photo by Jon Tyson on Unsplash Every year begins with renewed hopes and bright aspirations embodied by the shared cultural vow we all seem to take: the New Year’s Resolution. If your Resolution involves any aspect of ‘home’ or financial strategies, purchasing your first home and homeownership may be on your mind. You Are Not Alone Among renters …

The post This New Year, Reach Your Dream of Homeownership appeared first on Benchmark.

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FHFA Announces Conforming Loan Limit Increase In 2019

The Federal Housing Finance Agency has announced that the maximum conforming loan limits for mortgages has increased. In most of the country, the confirming loan limits will increase nearly 6.5%, from $453,100 to $484,350 for 2019. For most high-cost areas, where 115% of the local median home value exceeds the loan limit, the loan limit …

The post FHFA Announces Conforming Loan Limit Increase In 2019 appeared first on Benchmark.

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Nervous About Buying? Here’s A Dose of Confidence

If you are interested in buying a house, but do not know what you might need, or whether you can qualify, you’re not alone. Many would-be buyers are intimidated by the thought of what it takes to buy a home. Some wonder whether they can afford to buy, if they have enough saved for a …

The post Nervous About Buying? Here’s A Dose of Confidence appeared first on Benchmark.

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Can I Still Get A VA Loan With Bad Credit?

Unfortunately, it depends on the situation and reasons, so there is no simple answer for bad credit. A few potential reasons could be that you have experienced a divorce which led to a bankruptcy, mismanaged your finances, experienced job loss, or any other financial hazards. Your credit is calculated from many moving parts. The good …

The post Can I Still Get A VA Loan With Bad Credit? appeared first on Benchmark.

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2018 Homeownership Profiles: Millennial Buyers

In 2017, Australian millionaire Tim Gurner famously attempted to blame millennial homebuyer obstacles on their inability to avoid frivolous spending on $19 avocado toast, in comments that were widely mocked throughout the internet. Many commentators are still quick to point the finger at extravagant spending to explain why homeownership among younger adults has declined compared …

The post 2018 Homeownership Profiles: Millennial Buyers appeared first on Benchmark.

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