How Much House Can I Afford?

This is a quick look to give you an idea of what you may be able to afford when looking to buy your new home. All fields must be filled out, even if just with a ” 0″ . Keep in mind these calculators are not exact indicators, and many factors not asked for here can change the outcome up or down. There are so many new loan programs, some of them with grants that don’t need to be paid back.

It’s best to contact your lender to get more precise numbers before you start looking at homes to purchase.

 

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Hilary Meader, Realtor® GRI

FATHOM Realty  •  6481 Virginia Pkwy Ste. 103-44  •  McKinney  •  TX  •  75071

Fewer Millennials are seeking mortgage help from parents

Millennial homebuyers are less likely to take extraordinary measures to be able to afford their mortgage payments in 2019, according to a study from Redfin, which says that more Millennials are leaving roommates and renting in the past.

Homeowners are taking on fewer house projects, but they’re spending more

The volume of home maintenance and remodeling projects is declining, while spend for both is increasing, and this all signals the likelihood of a continued slowdown for the housing market. According to the latest Housing Health Report from BuildFax, much of the spend...

Quarter of homeowners can’t define a HELOC

Nearly half of homeowners say they have plans to renovate their home in the next two years, and a third of those intend to drop $50,000 to do it. This is according to a recent survey from TD Bank, which highlights a major opportunity for lenders: A sizable number of...

Managing Rental Properties Doesn’t Have to be Stressful

If you’ve ever wondered if the headache of managing your own investment properties is worth it, you’re not alone. A recent survey of landlords by the home improvement company Porch found that 88% had experienced stress in renting out their properties But the solution...

Opendoor and Redfin join forces to begin buying houses in Phoenix and Atlanta

In what may seem like a surprising partnership between two would-be competitors in the burgeoning iBuyer market, Opendoor and Redfin are joining forces to buy homes in Phoenix and Atlanta. The companies announced this week that homeowners in those two cities will now...

Most home sellers will wait this long before dropping their listing price

You’ve listed your home for sale, and no one is taking the bait. One month passes, then two. How long do you wait before you increase the odds of an offer by dropping the price? According to a recent survey from blockchain-based real estate platform ShelterZoom, most...

Did You Know You Might Be a Target for Cyber Scams?

Real estate transactions are an attractive deal for cyber criminals. One targeted, fraudulent email can cause an unwitting consumer to redirect a high-dollar real estate payment to a scammer. Here are a few ways to protect yourself from real estate scams. Beware of...

These are the ZIP codes attracting the most Baby Boomers

Just last week, a story came to light suggesting that Baby Boomers were clogging up the housing market with their preference to age in place. But just where are these Boomers concentrated? A recent survey by RentCafe breaks it down for us.

Home equity withdrawals fall to new low

After declining for two consecutive quarters, tappable equity rose in the first quarter of the year, but it appears homeowners are still reluctant to touch it. According to the latest report from Black Knight, homeowners tapped just 1% of available equity in Q1 – the...

Supreme Court ruling protects owners from government seizures of real estate

Property owners shouldn't have to jump through state-level hoops before heading to federal court to stop the government from taking their property, the Supreme Court ruled this week in a 5-4 decision that overturned a decades-old precedent. "We now conclude that the...

Zillow is watching: New algorithm uses photos of your home to check quality and curb appeal

You know that dead shrub in the front yard that needs replacing, or that white picket fence that’s flaking paint? Better take care of that if you don’t want your home’s Zestimate to decline. Zillow announced on Thursday it has a new algorithm that uses photos to help...

DIY or Not: Which Projects Should You Do When Getting Ready to Sell?

The popularity of home improvement TV shows has raised buyer’s expectations of what properties should look like, but home sellers aren’t necessarily the trained pros seen on HGTV. There are certain home improvement tasks inexperienced sellers should stay away from...

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