6 Credit Score Myths Debunked

Credit scores can be mysterious. Will my score improve if I cancel credit cards I no longer use? Do my on-time payments benefit my credit score? Can loans on which I cosign negatively influence my credit score? We can all benefit from the clarity of having common credit score myths debunked. Here is the truth behind six common myths regarding credit scores:   Do credit scores matter? And if so, why? Anytime you apply for…

Why It’s Better to Buy than Rent

It’s no secret that home prices are rising, especially in the Bay Area. So is it really better to buy than rent? Rising housing costs may lead renters to believe that they are better off waiting on purchasing a home, but this isn’t the case in most markets–including much of the Bay Area. According to Trulia, owning a home is 38% cheaper than renting, nationally. This statistic implies that the buyer has a traditional mortgage (30 year…

Home-Buyer Optimism

With a continually stabilizing economy and mortgage rates dipping below four percent, it’s no wonder potential home buyers are increasingly confident about their purchases. Home-buyer optimism continues when we look at the number of buyers who are confident their home value will continue to increase over the next five years, as we see in the infographic below: Are you an optimistic home-buyer this year? What economic factors helped you decide to buy?  

Are You Ready to Buy an Investment Property?

If you’re settled in your home and secure in your job, it’s likely you’ve considered purchasing an investment property. But how do you know if it’s the right time to take this step or if it is the best way to invest your money? There are many benefits to owning a rental property: continual cash flow, flexible fee payments, and tax deduction opportunities are just a few. Here are 4 questions to ask yourself before buying…

What Makes a Millennial Home Buyer?

As we see more and more Generation Y home buyers entering the market, you’re likely wondering: what makes a millennial home buyer? Approximately one-third of today’s home buyers in the U.S. are Millennials despite increasing home prices, tight inventory, and high debt. While Generation X and Baby Boomers were most interested in buying large homes, Generation Y prefers smaller homes on smaller lots and chooses urban settings over the suburbs according to Inman News. The infographic…