The American Greatest Dream Home Ownership

Existing-Home Sales Dipped 7.7% in November

2 days ago — Sales slipped 7.7% from October and 35.4% from the previous year. The median

existing-home sales price

rose to $370,700, an increase of 3.5% …

What is the 15-year mortgage rate right now?(UPDATE –December 22, 2022

Today’s national 15-year mortgage rate trends

For today, Wednesday, December 21, 2022, the national average 15-year fixed mortgage

APR is 5.90%, down compared to last week’s of 6.03%.

How much money should I save before buying a house?

If you’re getting a mortgage, a smart way to buy a house is to save up at least 25% of

its sale price in cash to cover a down payment, closing costs and moving fees. So, if

you buy a home for $250,000, you might pay more than $60,000 to cover all of the different

buying expenses.https://www.hud.govAN OFFICIAL UNITED
STATES GOVERNMENT SITE
Why do they call it Dow Jones?

The Dow Jones Industrial Average (DJIA) is a stock market index created by Wall Street Journal

editor Charles Dow. Founded on May 26, 1896, the average is named after Dow and statistician

Edward Jones.

Who controls the stock price?

Once a company goes public and its shares start trading on a stock exchange, its share price is

determined by supply and demand in the market. If there is a high demand for its shares, the

price will increase. If the company’s future growth potential looks dubious, sellers of the stock

can drive down its price.FIRST TIME HOME BUYERS – – MANAGING WEALTH — ESTATE — WILLS

Which loan is best for first-time home buyers?

FHA loans are excellent for first-time homebuyers because, in addition to lower up-front loan costs

and less stringent credit requirements, you can make a down payment as low as 3.5%. 4 FHA loans

cannot exceed the statutory limits described above.

How much can a first-time buyer borrow?

The maximum amount you are able to borrow from a lender is based upon your annual salaried wage.

Most commonly lenders allow you to lend between 4 and 4.5 times your annual salary – some will

offer 5 times, some 6 and in very, very rare cases, 7 times the amount.

What are the steps to buying a home for the first-time?

10 Steps to Buying a Home

Step 1: Start Your Research Early. …

Step 2: Determine How Much House You Can Afford. …

Step 3: Get Prequalified and Preapproved for credit for Your Mortgage. …

Step 4: Find the Right Real Estate Agent. …

Step 5: Shop for Your Home and Make an Offer. …

Step 6: Get a Home Inspection.MOTIVATIONAL BOOKS — A GIFT THAT KEEP ON GIVING ALL YEAR

What does it mean living in a Section 8?

The Housing Choice Voucher Program, also known as Section 8, is the federal government’s

program for assisting low-income families, the disabled, and the elderly afford housing.

Participants can choose housing that meets the requirements of the program and receive

housing vouchers to help with their rental costs.

An Overview of Section 8 Housing Assistance – Benefits.govhttps://www.benefits.gov ›