Tuesday, October 16, 2018 / by Jennifer Haubner-Vories
"I'll hold off buying a home until next year." If you've thought of purchasing a home, but don't want to deal with the process now, you've probably had this thought cross your mind a time or two. A pretty common tendency to hold off things on our to-do list, especially the ones that seem like a lot of work. But would you hold off the task if I told you that waiting could make a difference of tens of thousands of dollars? Meaning it could cost you a $10,000-$50,000 (or more) difference to get the home you want today, in 2019's market.
It's anticipated, by the national historical trend report, that homes are on the rise by over 5% each year. That house you've been eyeing online, listed for $225,000, could be listed next year for $236,250. That is over $10,000 more just for waiting till 2019. This isn't even bringing into question the rising APR rates for mortgages, that can increase your monthly payment amount on a home pretty significantly, as well.
I get it ...
Friday, June 22, 2018 / by Jennifer Haubner-Vories
Common Misconceptions About Buying a Home
Summary: At The Vories Team located in Ft. Mitchell, Kentucky, we want to show you a few of the common misconceptions about buying a home, so you can make sure to steer clear of these myths.
If you believe that you are finally ready to make a big move and buy a home, you are probably out there searching for advice and tips on how to make the home buying process easier. While your peers, friends, and family may be lending you advice, you need to make sure that you know the real facts on common misconceptions associated with home buying. The Vories Team located in Ft. Mitchell, Kentucky wants to show you a few of the common misconceptions about buying a home, so you can make a more informed decision.
Credit Scores and Down Payments
Many homebuyers are under the assumption that they absolutely have to pay 20% with their down payment, and a credit score lower than 640 will not get them the proper loan. This can cause potential homeown ...