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Monthly Archives: October 2016

    Taking the Fear out of the Mortgage Process

    By Danny Cheung | October 31, 2016

    A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll... Read More

    Buying a Home Can Be Scary… Know the Facts

    By Danny Cheung | October 28, 2016

    Some Highlights: 36% of Americans think they need a 20% down payment to buy a home. 44% of Millennials who purchased a home this year have put down less than 10%. 8% of loan applications were approved last month. The average credit score of approved loans was 731 in September. Read More

    Percentage of Homeownership by Decade and by State

    By Danny Cheung | October 27, 2016

    There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference. However, today we want to shine some... Read More

    What to Expect When Home Inspecting

    By Danny Cheung | October 26, 2016

    So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. More often than not, your agent may have made your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price paid for the home, ask the sellers to... Read More