Colorado Springs is a beautiful, vibrant city nestled at the eastern base of the Rocky Mountains. Ranked as #5 in Best Places to Live by U.S. News, Colorado Springs offers a wonderful mix of gorgeous natural features and booming businesses. According to the U.S. Census, the housing costs for home ownership are a bit higher, but rental costs are on par with U.S. averages and median income is higher, offsetting the difference for many families. Colorado Springs residents also have particularly high rates of high school and college completion, creating a strong, well-educated workforce. The city offers a dependable public bus system serving the downtown area, though service in the [...]
Over $100 billion dollars worth of properties were purchased in the US from April 2015 to March 2016 by international homebuyers, according to Mansion Global. Each year, foreign investors spend a ton of money on obtaining property within the United States. For most, this is a very wise and prudent use of their finances. In comparison to other global cities, properties located within the United States can be snatched up for a relative bargain. In a recent Bloomberg article referencing an AFIRE survey, “China’s economic slowdown, Brazil’s recession and Europe’s immigration crisis underscored for international investors that ‘the U.S., at the moment, really is the safest place for [...]
Many homeowners make important decisions about refinancing their homes before they consult a professional, yet most have limited experience with the refinancing process. Most homeowners refinance only once or twice at most during the average of ten years that they own their homes. Those homeowners who go at it alone trying to decide whether, when, and how to refinance can fall prey to myths about refinancing.Myth #1: If you have been turned down for a refi in the recent past, don’t try again.
Being turned down for a mortgage is discouraging, and many homeowners give up before they find out what happened. Here are the most common reasons mortgages are denied.You do not [...]
Before you start shopping for a home, it is a good idea to get pre-approved for a mortgage. Your lender will provide you a letter telling you the maximum amount for which you qualify. However, just because you can afford the mortgage up to a certain amount does not mean you can afford to buy a home at that price – the cost of homeownership is a different number than the home’s price itself.
When dealing with the shortages of affordable housing today and escalation prices, many buyers—especially first-time buyers—exceed their budgets. A recent study of real estate trends found that one-third of buyers exceed their initial budget when buying a home (32 percent), and [...]
Wouldn’t it be nice to own a vacation home that you could return to year after year? Perhaps just slip away after a long work week. Your own personal retreat from the hectic chaos of life? Or even a second home that’s not a liability but rather an asset, one that’s producing income for you? A vacation home in a sought after area may be more affordable than you think. Below is a list of the top 10 most affordable vacation areas that are still a popular, underrated and undiscovered destination. Of the top 20 vacation home destinations, the most affordable vacation home with a median price of only $95,000 in the Albany area of Clinton, Kentucky. Located right between Dale Hollow Lake [...]