Home » Blog » Buying a Home

Category: Buying a Home

2018 Homeownership Profiles: Millennial Buyers

In 2017, Australian millionaire Tim Gurner famously attempted to blame millennial homebuyer obstacles on their inability to avoid frivolous spending on $19 avocado toast, in comments that were widely mocked throughout the internet. Many commentators are still quick to point the finger at extravagant spending to explain why homeownership among younger adults has declined compared …

The post 2018 Homeownership Profiles: Millennial Buyers appeared first on Benchmark.

Read more

2018 Homeownership Profiles: Millennial Buyers

In 2017, Australian millionaire Tim Gurner famously attempted to blame millennial homebuyer obstacles on their inability to avoid frivolous spending on $19 avocado toast, in comments that were widely mocked throughout the internet. Many commentators are still quick to point the finger at extravagant spending to explain why homeownership among younger adults has declined compared …

The post 2018 Homeownership Profiles: Millennial Buyers appeared first on Benchmark.

Read more

How To Avoid Roadblocks Before Closing On Your New Home

You have submitted a mortgage application, found your dream home, and put in an offer. Now what? Applying for a home loan is an ongoing process, from application to closing, that does not have to be stressful. There are several things you can do to make the process more efficient, and things not to do …

The post How To Avoid Roadblocks Before Closing On Your New Home appeared first on Benchmark.

Read more

Construction Loans: What to Expect

Building a new home offers many advantages over purchasing an existing home on the market. You are able to customize the home to your specific needs and preferences and avoid costly repairs of outdated features. New homes are often also more energy efficient and technologically equipped. Different from Traditional mortgages. Securing financing for a construction …

The post Construction Loans: What to Expect appeared first on Benchmark.

Read more

Benchmark Introduces New Program to Expand Options for Medical Professionals

Benchmark has launched a new mortgage product that is customized to the unique career and financial outlook of professionals in the medical field. Last year, we launched the Medical Doctor Loan Program to better serve medical residents and doctors. Now we have further expanded our options for medical professionals to include jumbo loan amounts up …

The post Benchmark Introduces New Program to Expand Options for Medical Professionals appeared first on Benchmark.

Read more

How to Buy in a Competitive Summer Market

The weather is heating up, and so is the summer housing market. With more buyers entering the market looking to find a new home during the summer months, competition can be fierce. Every homebuyer’s nightmare is finding their dream home, only to lose it in a multiple-offer scenario that drives the asking price up beyond …

The post How to Buy in a Competitive Summer Market appeared first on Benchmark.

Read more

Pre-Qualification vs. Pre-Approval: What’s the difference?

Looking at homes without knowing how much you can afford can be a waste of time for you and your realtor. “Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” unknown The same wise sentiment can apply to purchasing a home – why start house …

The post Pre-Qualification vs. Pre-Approval: What’s the difference? appeared first on Benchmark.

Read more

Winter, Pets, and Homeownership

There are a TON of benefits homeownership brings for you and your pets. 68% of American households have a pet, according to the most recent APPA Pet Ownership Survey. The most popular pet being dogs in 48% of households, followed by cats in 38% of households. With our furry friends being such a big part …

The post Winter, Pets, and Homeownership appeared first on Benchmark.

Read more

HUD Announces New FHA Loan Limits

Yesterday, December 7, 2017, the Federal Housing Administration announced that for 2018, 3,011 out of 3,141 counties in the U.S. (~96% of all counties in the nation) will see an increase in FHA loan limits. Ceilings and Floors In high-cost areas, the FHA’s loan limit ceiling will increase this year to $679,650, up from $636,150, …

The post HUD Announces New FHA Loan Limits appeared first on Benchmark.

Read more

National Home Price Index Up 6.2% In Last 12 Months

Source: September S&P CoreLogic Case-Shiller National Home Price NSA Index Up 6.2% In Last 12 Months Recent Analysis of the September HPI figure show as a 6.2% annual gain in home prices, up 5.9% from the previous month. Several large markets that were hit hardest in the financial crisis are reporting the highest gains, including …

The post National Home Price Index Up 6.2% In Last 12 Months appeared first on Benchmark.

Read more