Richard Cohen, author of "It’s Not About Rate–The Right Way To Get a Mortgage", was kind enough to send me his book to review. For a short book (we’re talking 76 pages) it covers a great deal of mortgage material without being overwhelming to a first time home buyer. I appreciate how Richard injected bits of humor along with solid information about mortgages. This is very readable and I highly recommend this book for consumers considering buying or refinancing their first home.
Is it better to buy or rent?
An article in the New York Times was brought to my attention from Tim at Seattle Bubble on whether or not you should buy or rent. The article is very slanted towards renting and considering the part of the country it’s originating from, they are right. Our local economy and housing market remains strong and is not experiencing any sort of a slump.
What I really liked about the article is the on-line calculator to help you determine if you should rent or buy. The calculator is flexible and friendly with adjusting appreciation, down payment, rent increases and the costs associated with owning a home (funny how many potential home buyers forget about that). If you’re considering buying a home, I encourage you to check it out.
Tim, where was this calculator when I did my post at Rain City Guide and Seattle Bubble Blog countered it?
Getting on Track to Buy Your First Home
Last fall, a Mom made an appointment with me to meet with her children about buying a home. It was so cool. First off, she was very proud of her 18 and 20 year olds. Both were hard working individuals…being responsible young adults. Mom thought they should look at buying a house together instead of renting. It was a very interesting consultatation. I was happy to meet with this family to help make sure her young adults are on the right track of becoming home owners and mortgage payers.
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