Term: homeowner
3 found

Are the Biggest Counties in America Affordable for Homeowners?

By Steven Shaw on 10/9/2014

Are the Biggest Counties in America Affordable for Homeowners?

You don’t need a chart to tell you it’s expensive to buy a home in most large U.S. cities. You’ll probably be surprised to learn that average salaries don’t come close to paying for average homes in most places, however. You might be really surprised at how affordable some places are. But above all, you’ll almost certainly be shocked at just how much difference geography makes in the price of a home. 

homeowner
homeownership
mortgages

Americans With Lower Credit Scores Are Getting Mortgages

By Steven Shaw on 1/24/2014

qualify for a mortgage 

Credit scores are among the many things lenders review when you apply for a mortgage, because scores are designed to predict how likely you are to meet your debt obligations. After the mortgage crisis, lenders were hesitant to take on risky borrowers, and at the end of 2012, the average FICO credit score for a closed mortgage was 748, according to mortgage software company Ellie Mae.

FICO credit score
Home Loan
homebuying process
homeowner
homeownership
Mortgage

5 Signs You’re Ready to Be a Homeowner

By Steven Shaw on 11/26/2013

5 Signs You’re Ready to Be a Homeowner

No one can tell you when you’re ready to become a homeowner. But it’s probably fair to say a lot of first-time buyers wish otherwise.

Buying a home is often one of the biggest purchases you’ll ever make. It’s also among the most infrequent. Knowing you’re prepared to buy a couch or a car is one thing. The last lot in a cul-de-sac is something else entirely.

The right time to pull the trigger is when you’re financially and emotionally prepared for the responsibility. But it’s not like the heavens part and a choir of closing agents signal the time has come.

It’s ultimately up to you to determine you’re ready. But here are a few signs and stages that might signal you’ve got a handle on homebuying.

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buying a home
Home Loan
Home Owners
homeowner
homeownership