Do you need 20% down to purchase a home?

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Great News for Renters Who Want to Buy a Home

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https://melindasellsmiddletennessee.com/great-news-for-renters-who-want-to-buy-a-home/ Great News for Renters Who Want to  Buy a Home Rents in the United States have been skyrocketing since 2012. This has caused many renters to face a tremendous burden when juggling their housing expenses and the desire to save for a down  payment  at the same time. The recent stabilization of rental prices provides a great opportunity for renters to save more of their current income to put toward the purchase of a home. Just last week the  Joint Center of Housing Studies of Harvard University  released the  America’s Rental Housing 2020 Report . The results explain the financial challenges renters are experiencing today, “Despite slowing demand and the continued strength of new construction, rental markets in the U.S. remain extremely tight. Vacancy rates are at decades-long lows, pushing up rents far faster than incomes. Both the number and share of cost-burd...
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3 Ways Home Equity Can Have a Major Impact on Your Life

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  3 Ways Home Equity Can Have a Major Impact on Your Life There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years.  CoreLogic  indicated that equity increased for the average homeowner by  $17,000  in the last year alone.  ATTOM Data Solutions , in their latest  U.S. Home Equity Report , revealed that 30.2% of the 59 million  mortgaged homes  in the United States have at least 50% equity. That doesn’t even include the  38% of homes  that are owned free and clear, meaning they don’t have a mortgage at all. How can equity help a household? Having equity in your home can dramatically impact your life. Equity is like a savings account you can tap into when you need cash. Like any other savings, you should be sensible in how you use it, though. Here are three good reasons t...
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10 Home Chores To Do Annually Sing me some graces, there is such a thing as over-cleaning! Here are ten chores around the home that you really only need to do annually, minus special circumstances. Let's dive in! 1. Curtains & Drapes Unfortunately, we don't mean the dusting part. You'll want to dust at least once a month, but when it actually comes time to getting them cleaned, you only really need to do that once a year. You can take them in to get dry cleaned or follow the instructions on their tags if you choose to wash them at home.  2. House Gutters Gutter guards can be a great investment, especially if you live around trees that shed all year long. These can keep your gutter cleanings minimal, generally about once per year. You'll want to do this in the autumn when all of the leaves from the trees have already fallen.  3. Fireplace & Chimney  After the winter, you'll want to give your fireplace a thorough cleaning....
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