Barbara Marquan Nerdwallet Published 4:32 PM EDT May 6, 2019 Maximizing a home down payment can make sense: The bigger the down payment, the lower the monthly mortgage bill and the better the chance of building equity more quickly. But putting too much down could leave you without enough cash for home maintenance – or anything else. Pinpointing the right amount involves balancing the advantages of boosting the down payment against the need to hold back money for urgent upgrades, life’s emergencies, and having some fun with your new home. “There’s really no one-size-fits-all solution,” says Jason Speciner, a certified financial planner in Fort Collins, Colorado. A higher down payment Calculating how different down payments would affect a monthly mortgage payment is eye-opening. Some lenders require only 3 percent down for conventional home loans, which makes getting in the door easier but means assuming more debt than with higher down payments. Many … [Read more...] about Make a home down payment without wrecking your finances
Home buyer solutions
myHouseby Emerges to Support the Home Building Industry via Digital Disruption AUSTIN, Texas–(BUSINESS WIRE)–April 2, 2019– myHouseby announced today that it has officially launched in the San Antonio market, providing home buyers with a single place to discover and personalize the home of their dreams–from coveted neighborhoods to innovative house plans. Buyers can currently select from builders such as Bella Vista Homes, Rausch Coleman Homes and Kindred Homes in San Antonio, and Blackburn Communities in Austin as part of the next launch phase. myHouseby will expand services to Houston and Dallas later this year. In May 2018 myHouseby was asked to join Capital Factory’s Accelerator Program to leverage support and resources in the startup ecosystem. This opportunity allowed myHouseby to surround itself with a strong network of like-minded founders, mentors and investors … [Read more...] about Revolutionary and Innovative Platform for New Home Construction Announces Launch
Feb 04, 5:19 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Katrina Raynor 10/03/18 AT 1:19 AM Social housing is in crisis in Australia, with almost 200,000 people on waiting lists. Social housing made up 8 percent of all housing stock in Australia in 1966. This had fallen to just 4.3 percent at July 2016.As a result, governments have tightened eligibility. Social housing is increasingly home to only the most vulnerable households. And even these households often spend years on the waiting list while experiencing severe housing stress or homelessness.Outside of social housing, rental and ownership options are increasingly unaffordable, particularly in the capital cities. Social housing was once a stepping stone to home ownership, but this is becoming more difficult. Impact of MAP on weekly mortgage repayments. Photo: Source: Raynor, Palm and O'Neil, 2018 What do the buyers think … [Read more...] about Affordable Home-Ownership Scheme Offers A Pathway Out Of Social Housing
Jack Flemming Los Angeles Times Published 3:55 PM EST Jan 1, 2019 When Irvine, Calif.-based City Ventures started sticking solar panels on all of its homes six year ago, the builder emerged as a front-runner in the race toward energy-efficient home building. Soon it will be joined on the track by every developer in California. Starting in 2020, California will become the first state in the nation to require all newly built homes to be solar-powered. And many developers are figuring out how to comply with the new rules while keeping their houses affordable. The California Building Standards Commission approved the mandate this month, finalizing a unanimous vote from the California Energy Commission in May as part of the state’s ongoing battle against climate change. The rule applies to all single-family and multifamily residences of three stories or fewer. “Too many home builders provide these features as an add-on, but that gives buyers a complicated choice,” … [Read more...] about Calif. to mandate new homes be solar powered in ’20
By Kenya Burrell-VanWormer Published 12:00 am CST, Sunday, December 2, 2018 Image 1 of / 3 Caption Close Image 1 of 3 Realtor View: Which home is right for your needs? 1 / 3 Back to Gallery There are pros and cons to a new-construction home or an existing home, so the decision may not be an easy one. No matter which way you go, you’ll probably be making a few tradeoffs. Choose the type of home that makes the most sense for you, your lifestyle and your upcoming plans. From an investment standpoint, it’s wise to think about the future when you’re buying. After all, you’ll be the seller one day and you want to get the largest possible return on your investment. What if, for example, a home is one of the first in a new subdivision? As other houses are still being built, short-term resale of a two-year old house can be difficult. Given two similar choices in the same neighborhood, some buyers opt for … [Read more...] about Realtor View: Which home is right for your needs?