Recent articles in CNN, Zillow, and other national news sources have been reporting on the all-time affordability of housing right now as well as the fact that in most metropolitan areas it is better to buy vs. rent right now. Since Fort Collins thankfully is not a major metropolitan area I am going to run[…]
The process of buying a home, especially for the first time, can be a very time consuming process. It’s easy feel overwhelmed by both your emotions and the complexities of the process. If I could give one piece of advice it would be to not rush into anything you don’t understand or aren’t comfortable with.[…]
If you’ve been considering purchasing a home, today’s housing market offers advantages that you may not find for a long time. Consider the following: Interest rates are at historic lows giving buyers increased purchasing power Many homeowners are motivated to sell There is an abundance of inventory on the market An increase in short sales[…]
It’s often ok to borrow money for something if it’s going to increase in value, productivity, or profit. In the end you have more than you started with. Buying a home is usually a good example of this.
It’s often not wise to borrow for things that decline in value.