Subscribe and receive email notifications of new blog posts.
RSS Feed
Fewer first-time homebuyers are finding a way to buy a house with a relatively low down payment as their options shrink and lenders' down payment requirements rise.
From April through June 2014, about 67 percent of first-time buyers made a down payment of 6 percent or less, down from 74 percent in 2009, according to the latest Realtor Confidence Index report from the National Association of REALTORS®.
One reason the average down payment is growing may be that more and more first-timers are choosing conventional over FHA financing, which requires only 3.5 percent down.
Underwriting standards have been getting tighter and borrowers' costs are going up. Tight underwriting standards are especially challenging for first-time buyers, who generally need mortgage financing with low down payment terms, w... The season's warm weather means homeowners will be increasingly reliant on air conditioning to make the long, hot days more tolerable. Keep in mind these five maintenance tips to keep air conditioners running smoothly through the summer months.
Combat moisture - Air conditioning systems should not have moisture within the refrigeration system. Most systems have moisture indicators located on the high or low-pressure lines. Once the system is running and the compressor has started, a color indicator on the pressure line will show if moisture is present. If moisture is in the refrigeration system, a trained air conditioning technician will have to vacuum the line and make any necessary repairs.
Clean air condition...
We respect your concerns about privacy and value the relationship that we have with you.
Like many sites, we use cookies on our website to collect information to help improve your browsing experience. The cookies that we use allow our website to work and help us to understand what information is most useful to visitors.
For the best website browsing experience, please enable cookies. Go here for instructions on how to enable cookies on your browser.
