In quite a few cities in the united states, you’ll really need to have a salary higher than the U.S. median income to afford an average home. The typical American would need to make a little over $51,000 annually to afford the median-priced home -including principal, interest, taxes and insurance-in ... » Learn More about The Salary You Need to Afford a Home in These 25 Cities
Buying a home
Private flood insurance support bill in Senate’s hands
A bill geared towards encouraging more private companies to offer flood insurance passed the U.S. House of Representatives by way of a unanimous 419-0 vote last week, and now the wait starts to find out whether the Senate starts moving forward on an equivalent bill. Private flood insurance ... » Learn More about Private flood insurance support bill in Senate’s hands
Renters up at night over housing costs, more so than homeowners
Oftentimes, studies focus on the financial strain homeowners experience while attempting to maintain their households. However a new Gallup poll says renters are almost twice as likely to worry about housing costs than homeowners. Sixty-three percent of renters who bring home $30,000 or ... » Learn More about Renters up at night over housing costs, more so than homeowners
Qualifying for a Mortgage on a Second Home
Are you considering buying a Tampa Bay Area property as a second home or investment? Perhaps you are looking for a small cottage or apartment where you can escape for vacation, or maybe you want to have another home closer to family. Maybe you want to rent out your second property and make a steady ... » Learn More about Qualifying for a Mortgage on a Second Home
What Can You Do If Your ARM Is Almost Out Of Time?
In the event the end of the term is approaching, it could be time to start considering refinancing, or even home shopping. For those who bought a home with an adjustable rate mortgage (ARM) thinking you’d sell the house prior to the ARM adjusted, you’re not the only one. Many people buy homes with ... » Learn More about What Can You Do If Your ARM Is Almost Out Of Time?