First-Time Steps For First-Time Buyers

Buying a home? New to the housing market? You probably have a lot of questions. As a first-time homebuyer it’s imperative that you do a substantial amount of research prior to tackling the market. Here are some steps you should be taking as a first-time buyer; Know Your Credit Score First and foremost, you need to know your credit score. Your credit score plays a considerable part when it comes to the terms of your loan. The better your credit score, the lower your interest will be. Should your score be considerably low, you run the risk of not even qualifying for a loan, in which case you’ll have to hold off on buying property until you can build up your score. Get Pre-Approved Prior to researching any markets, you’ll want to know what you’re pre-approved for. Pre-approvals not only verify that you’ll be able to get a loan, but will clarify how much you actually have to spend. During this pre-approval process, it’s important to keep your options open. Be conscience of the lender’s APR. Compare mortgages between lenders before choosing, so that you can get the best deal available. Come To Terms With Your Expenses One of the fundamental reasons first-time home buyers find themselves in less than desirable financial situations is due to their lack of budgeting. Buying a home is, in the grand scheme of things, the biggest investment in most people’s lives thus, proper budgeting is quite necessary. There are a lot of expenses that go into buying a home other than the cost of the house itself. Take the time to sit down...
The Reality of Student Loans

The Reality of Student Loans

In a previous blog post of mine I reflected on the crippling effects of student loans for millennials. The amount of debt that students are accumulating is astronomical in comparison to previous generations. Much to no one’s surprise, a recent study by the National Association of Realtors and SALT affirms that student debt delays homeownership. According to the study, seventy-one percent of non-homeowners claim that the debt they’ve acquired from school is preventing them from being able to buy a home. Furthermore, the study concluded that more than half of the 3,000 surveyed weren’t even anticipating purchasing a home for more than five years. While the benefits of higher degree most certainly secure a stable employment for students, earning that degree is almost counterproductive in relation to their future. Tuition rates have reached astronomical levels over the past 40 years. As depicted in a chart for collegeboard.org, the average tuition rate for a four-year public school in 1975 was $2,387. Today, the average rate is $9,410, almost four times the amount it once was. Thus, while the degree may secure a stable job with a competitive salary, it’s at a cost to your financial future. A large part of what’s holding millennials back in the housing market is their ability, or lack there of, to save for a down payment. Student loans are often paid off in monthly increments. The couple of hundred in student loan payments, partnered with rent, insurance, bills and other expenses, makes saving for a down payment unfathomable. Down payment options are particularly affordable for first-time buyers today and unfortunately, most millennials aren’t able to...
The Oregon Appeal

The Oregon Appeal

In a previous blog post of mine I reflected on United Van Lines’ annual movers study. For the third consecutive year now, Oregon has held the No. 1 spot as “Top Moving Destination”, which spiked my interest. What makes this Pacific Northwest state so appealing? After some research I found some promising quirks. For one, Oregon offers a multitude of cities that have thriving art and entertainment scenes. Compared to other states, Oregon offers a great deal of green space which makes it an ideal location for outdoor enthusiasts. With an eclectic mix of farms, mountains, forests, and beaches, Oregon has something for everyone! Thus, whether you’re simply visiting or you’re new to the beaver state, here are a list of the top attractions! Portland is most certainly the most popular destination in Oregon, as it boasts a very friendly and laid-back reputation. Should you find yourself in Portland, be sure to visit the Japanese Garden. Occupying an impressive 5.5 acres, this traditional Japanese garden is divided in five sub-gardens. Operated by a private non-profit, the Japanese Garden Society of Oregon, offers visitors a moment of tranquility and peace as they travel across handmade bridges over waterfalls and streams. If you’re in the southwestern area of Oregon, head over to Crater Lake National Park. A water-filled caldera of the extinct, Mount Mazama, the lake is 1,935 feet deep and known for it’s deep blue color. Surrounding the lake, at heights of up to 2,00 feet, are lava cliffs which attributes to the park’s majestic allure. Bend, Oregon, a more centralized city, offers a variety of attractions for visitors. Should...