Rent vs. Buy

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One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and […]

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How To Increase Your Family’s Net Worth

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Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased […]

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Rent Vs. Own [INFOGRAPHIC]

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  Some Highlights: Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space. Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, […]

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Should I Continue to Rent or Buy?

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If you’re currently renting and have dreams of owning your own home, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize. According to the 2018 Bank of America Homebuyer Insights Report, 74% of […]

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What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

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  Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac forecasts interest rates to rise to 4.5% by the Q4 2020. CoreLogic predicts home prices to appreciate by 4.8% over the next […]

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The Cost of Renting vs. Buying This Spring [INFOGRAPHIC]

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    Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious. Every market is different. Before you renew your lease […]

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Home Buyer Demand Will Be Strong for Years to Come

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There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”. And while this might be true for some millennials, more and more research has surfaced that shows for the vast […]

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How Much Should You Spend on Rent?

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One of the most exciting parts of becoming an adult is moving out of the house and starting your own life. However, as is the case with most major life events, moving out comes with a lot of added responsibility. Part of this responsibility is knowing and understanding your budget when shopping for the perfect […]

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Nashville Rent Continues to Rise

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Nashville Rent Continues to Rise While the housing market continues to experience a slowdown in home sales and price appreciation, new data from Zillow suggests the rental market is heating up. According to the company’s Real Estate Market Report, February’s rental prices climbed at the fastest rate in the last 10 months. In fact, February’s 2.4% […]

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What are the Benefits of Becoming a Homeowner?

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Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time! Why is this date important? Homeownership is not just a roof over your head! It […]

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