Real Estate , ,

Multigenerational Housing ? Buying A Home For Your Parents To Live With You

Multigenerational housing is a growing trend that is propelled by the “graying of America.” This trend is the mirror image of children who become adults still living with their parents. Instead, with multigenerational housing, the adult children invite their parents to live with them. Many are seeking to buy larger homes to accommodate the needs of their young family, while also being able to live together with their parents. Older Homeowners And Multigenerational Homes Are Increasing The numbers are staggering. Realtor.com® reports that for the next 20 years, older adults, over the age of 65, will increase from 26% to…
Read More
Real Estate , ,

Qualify For A Larger Mortgage With A Co-Signer

There are numerous steps involved in the process of buying a new home. It is important to go through the mortgage qualifying process before looking at dream houses. This gives people an idea of how big a house they can afford. Sometimes, individuals looking for a house might not get a loan that is big enough to cover their dream house. There are ways to qualify for a larger loan; however, one of the fastest methods is to use a co-signer. What Is A Co-Signer? A co-signer is someone who signs onto a potential home loan with the homebuyer. Essentially,…
Read More
Financial Reports , ,

What’s Ahead For Mortgage Rates This Week – May 26th, 2020

Last week’s economic news included readings from the National Association of Home Builders on housing market conditions and reports on housing starts and building permits issued. Fed Chair Jerome Powell testified before Congress about the impact of Covid-19. Weekly reports on mortgage rates and first-time jobless claims were also released. NAHB: Home Builder Confidence Improves in May Home-builder confidence rose seven points in May to an index reading of 37; April’s reading of 30 was the lowest reading for the NAHB Housing Market Index since June 2012. Low mortgage rates and expectations that the worst of the Covid-19 pandemic had…
Read More