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3 Easy Steps = 3% Down Payment for a Home Mortgage

  For many, including recent college grads or young families, having thousands of dollars in savings for a down payment is a challenge, but that doesn’t mean they can’t afford monthly mortgage payments. The good news is that a 20% down payment is not the barrier to homeownership that most prospective homebuyers think it is.  There …


Home Equity = Ca$h

  The word “equity” may sound complicated, but it is actually one of the greatest benefits and rewards to owning a home. Equity is a way to build wealth. Home equity is like a forced savings account. With every mortgage payment you make, you earn equity. It is like making a deposit in the bank …


2017 FL ALHFA Educational Conference

HFA Miami is proud to be a member of the Florida Association of Local Housing Finance Authorities. This year’s theme was HFAs: Looking Forward, What’s Next. Panel discussions included What’s Next with Congress & the Florida Legislature, Single Family Roundtable, and Workforce Housing & Local Preference. The 2017 educational conference allowed HFAs to meet and …


4 Reasons to “Dare to Own” the American Dream This Summer

June is National Homeownership Month and the federal Housing and Urban Development agency (HUD) is celebrating with the theme, “Dare to Own the Dream!” We are offering four (4) great reasons to DARE buying a home today, instead of waiting. Prices Will Continue to Rise The latest Home Price Index reports that home prices have …


Hooray! Buying Is Now 33.1% Cheaper Than Renting in the US!

Sounds too good to true? Well, the Trulia report is in and it says buying is less expensive than renting. The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. …


The Homeownership Race is On and the Pace is Picking Up!

According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017.  This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter households. Of the 1.22 million new households that …


Urban or Suburban? And Other Choices on the Road to Homeownership

It’s the moment you’ve been waiting for: your real–life episode of House Hunters. But unlike the TV show, it’ll probably take longer than two days and looking at more than a few houses. Buying a home is a BIG deal, so finding the right one is super important. Deciding whether or not you prefer hardwood …


When is a Good Time to Rent?

People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 first quarter median rent numbers. Below …


What is the Best Long Term Investment? And the Survey Says…. (Drum Roll Please!)

The Gallup organization conducts an annual report entitled the Economy and Personal Finances Poll, which asks Americans to choose the best option for long-term investment. It’s no surprise that real estate returned to the top position over other investment categories (gold, stocks/mutual funds, savings accounts/CDs and bonds). Back in 2011, gold was the most popular …


Home $weet Home = Family Wealth

Homeownership will always be a part of the American Dream. Let’s take a look at several of the financial advantages of homeownership. 1. Buying is Cheaper Than Renting The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the …

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