Q. What is a Homeowners’ Exemption? A. A Homeowners’ Exemption could save you at least $70 per year. If you own and occupy your principal place of residence on January 1, you may apply for a Homeowners’ Exemption that will exempt $7,000 of your home’s assessed value from taxation. Q. How do I get a …
Interest rates are hovering around historical lows, and low interest rates increase affordability, making it easier for buyers to qualify. Yet stories of buyers waiting months to gain loan approval and home purchase transactions not closing on time due to lender’s strict underwriting are all too common. Some buyers are turned down for illogical reasons. …
Owning Continues to Become More Affordable Relative to Renting, but Several Obstacles Prevent Many From Biting Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number …
Continue reading ‘Stronger Lure for Prospective Home Buyers’ »
It’s today’s real estate quandary–to buy or to rent? As you might suspect, that answer differs on where in the country you live. Long Beach, CA? It’s a great time to buy! But for New York City residents, it’s much more economical to stay renting. Thanks to Trulia, there’s a engaging graph that clearly shows …
Continue reading ‘Is it cheaper to buy or rent in your area?’ »