Homeownership Could Be in Reach with Down Payment Assistance Programs

by Stig Bergquist | Jun 29, 2022 | Buyer, Buying Myths, Down Payments

A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home. If you feel the same way, the good...

Three Tips for First-Time Homebuyers

by Stig Bergquist | May 5, 2022 | Buyers, Buying Myths, Down Payments, First Time Home Buyers

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing...

VA Loans: Helping Veterans Achieve Their Homeownership Dreams

by Stig Bergquist | Nov 11, 2021 | Buyers, Buying Myths, Down Payments

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program: “The objective of the VA Home Loan Guaranty program is to help...

Why Waiting to Buy a Home Could Cost You a Small Fortune

by Stig Bergquist | May 6, 2021 | Buyers, Down Payments, First Time Home Buyers

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no...

HOW DO YOU USE A TAX REFUND AS A MORTGAGE DOWN PAYMENT?

by Stig Bergquist | Mar 8, 2021 | Down Payments, Mortgage Rates

A tax refund is one of several ways to come up with a down payment and closing costs to buy a home.  Many mortgage programs have a requirement that monies used for a down payment be “sourced and seasoned.” Sourced funds mean showing where the money came from, sales of...

TWO FALSEHOODS IN THE HOMEBUYING PROCESS

by Stig Bergquist | Mar 8, 2021 | Advice For Buyers, Buying a Home, Down Payments

The Millenials are no different from the previous generation when it comes to the dream of homeownership.  84% of millennials consider it part of the American Dream, according to the 2020 Millennial Home Buyer Report. There are some hurdles for these Millenials that...