Housing as a Worthwhile Investment Today (as a first time homebuyer) I’ve been looking into the housing market in my area (OR) Portland Metro suburbs in Beaverton to as far as Hillsboro or Sherwood and it is bleak. Namely being that only condos or townhomes are on the table of possibility. I wanted to get some second opinions on the math of home ownership. For example: Condo 294k list price 1 bed 1 bath 792 sq ft…

First Time Homebuyer Loan Hello, I’m a first time homebuyer and was approached by a credit union through an agent that is offering me a 0% down and 0 PMI loan. I’m assuming they hide the PMI in a higher interest rate, I believe she said this program is currently running at a 6.75% interest rate. I’m wondering if this is a bad idea? I don’t want to be screwed if I need t…

How to overcome this housing market as a first time homebuyer? I am a 30M living in Central Massachusetts. The 7% mortgage rates are so utterly discouraging. I have my highest paying job ever (~$100k) and my SO is doing well for herself now too at $40-$45k. That being said we want to start looking to buy our first home and it seems impossible. We have about $50k-60k saved up but that feels like nothing. We …

First time homebuyer programs, how good are they? I am interested in getting a house in the near term. I don’t have much in the way of savings. And my rent is low, but I’m unsure if I’ll be allowed to renew a lease. I’d like the equity in a house and I would be a first time homebuyer. Before taxes I take home about $2,700 a month, and I’m single. I don’t have any debt. I have a degree and I’m g…

First time homebuyer looking for advice! Here’s the rundown: Im 26, live in a big metro city, and sick of renting so looking to buy my first condo. I make $130k/year, have about $500 in debt monthly payment (student loan), 765+ credit, and have about 50k cash for DP. My parents live abroad and have no credit in the US, but have offered to buy the apartment with me 50/50 and to assist w…

Every Term a First-Time Homebuyer Should Know Buying a home can be an exciting and rewarding journey, but it can also be overwhelming, especially if you’re not familiar with the jargon and terminology used in the real estate industry. As if buying a home wasn’t tricky enough—now more than ever—there are all kinds of terms you should be familiar with, as well. Read more…

First time homebuyer- my loan officer didn’t follow up when I told him I wanted to make a larger down payment They quoted me at exactly 20% down (including the seller paying for closing, fha grant etc.) and it all worked out well. I told him I wanted to put another $7,000 down just because it’s comfortable for me and I wanted a lower payment. He told me it’s something we’d discuss a little later. I close this coming Monday and he just sent me some final…