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December 2016

Found 5 blog entries for December 2016.

As Millennials grow up, more and more are look for homes for sale . This has driven growth in the market. Even before this development millennial made up about one third of home sales. This was reported in MyCentralJersey.com. This was announced at the November 2016 Realtors Conference & Expo. The realtors say they expect this trend through 2017.

The National Association of Realtors (NAD) released a press release about the changing landscape of the American housing market. According to that report:

Paul Taylor, executive vice president of the Pew Research Center and author of "The Next America: Boomers, Millennials, and the Looming Generational Showdown." "America in the near future will look nothing like the America of the past, Generational

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Many long-time renters put off looking at homes for sale simply because they don't think they're ready. What many people don't realize, however, is that owning real estate can be more affordable, rewarding, and manageable in the long run than renting. Here are five key signs that it might be time to say goodbye to renting and call up your local Realtors and start house hunting.

A mortgage is more affordable than your rent.

Start by taking a look at your finances. The amount you pay in monthly rent and utilities might be more than what you'd pay on a mortgage. Not only would a house give you a space to truly call your own, but you'll be building your assets for the future with every payment.

The market is in your favor.

Timing is everything

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For those people who are tired of renting a home and just want to buy, but don't have a down payment, the options often seem limited. Saving that big 20 percent or more seems impossible initially. There's little doubt that having a down payment is a good thing and it can help you to achieve a lower interest rate. However, it is not always necessary. Consider these helpful tips about down payments.

A good place to start is with the conventional loan. Each lender sets his or her terms for these loans, giving you some leeway. That is, some lenders require no more than 10 percent. Nevertheless, you may be able to piggyback two loans, one for the 10 percent and another for the remaining balance on the home. Before you make this decision, be sure to talk to

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You may be ready to buy a home. You know that you need a low interest rate on the home loan. You know you need a down payment. You even know what to expect when it comes to the monthly payment. But have you taken the time to consider what amortization is? Mortgage loan amortization is simply a term that discusses how much of the loan you are going to pay in principal (the amount you actually borrowed) compared to interest ( the fee for doing that borrowing.) It is important to understand what this means before you buy a home.

Your Monthly Payment

When you work with your mortgage lender, he or she will likely talk to you closely about your monthly payment. He or she will break down the amount you'll pay each month. However, you'll also want to see how

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homes for saleMany long-time renters put off looking at homes for sale simply because they don't think they're ready. What many people don't realize, however, is that owning real estate can be more affordable, rewarding, and manageable in the long run than renting. Here are five key signs that it might be time to say goodbye to renting and call up your local Realtors and start house hunting.

  1. A mortgage is more affordable than your rent.

    Start by taking a look at your finances. The amount you pay in monthly rent and utilities might be more than what you'd pay on a mortgage. Not only would a house give you a space to truly call your own, but you'll be building your assets for the future with every payment.

  2. The market is in your favor.

    Timing is

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Listing information last updated on September 18th, 2018 at 12:14pm EDT.