You’ve found a house you love, and mortgage rates are still fairly low. But where do you find a huge wad of cash for the down payment?     It could take a while to save up 20 percent for a down payment , but of course, you can buy a home with less than 20 percent down. The Federal Housing Administration has lowered down-payment requirements for mortgages it insures to as low as 3.5 percent to make it easier for buyers to get into the market. Both Fannie Mae and Freddie Mac... [read more]

Whether you are a first time or move up buyer, waiting until next year to buy your home will cost you.   The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.   National home prices have increased by 6.7% year over year. Accordingly CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.2% over the next 12 months.... [read more]