September 2016

[Top 7 Home Buying Tips]: How To Protect Yourself & Determine If It’s The Right Time To Buy A Home

[Top 7 Home Buying Tips]: How To Protect Yourself & Determine If It’s The Right Time To Buy A Home

Michael Sema sits with One America News Network’s Liz Wheeler on the Tipping Point to discuss why home ownership rates are at its’ lowest in decades. 

Some of the topics he touched upon are

  • Why are the home ownership rates so low?
  • Why Millennials prefer renting?
  • How to determine if buying a home is right for you?

He talks about how millennials aren’t making the same mistake the previous generations did of trusting our Nation’s broken banking system to explain the home buying process.

img 69 NEW Affordability Calc Banner

We are still standing in the ’08 economic collapse ruins.  Even though there have been updates to the banking regulations, it hasn’t fixed or addressed the issue of extrinsic commission compensation, which has been scientifically proven to harm clients. 

Below are Michael’s top 7 home buying tips to protect, prepare and determine whether now is the right time to buy a home:

 Top 7 Home Buying Tips

1. Be wary of advice from commissioned loan officers – question if they have your best interest in mind
2. Interview 5 lenders and research reviews
3. Be realistic about what you should buy, not can buy
4. Purchase if you have confidence in your job security
5. Budget for the future (Weddings, kids, life) 
6. Have a min. of 3-6 months savings
7. Compare Renting vs. Buying benefits with our calculator

If you have questions, feel free to speak with one of our salaried Home Loan Advisors, who can help guide you through the entire home loan process.

img 65 Need To Get Pre Approved Get A Rate

Was this article helpful?

Related posts
HomePath Ready: A First Time Home Buyer Program
November 2015
HomePath Ready: A First Time Home Buyer Program

You’re a First Time Home Buyer scavenging the web, looking for THEE first time home buyer pr...

Buying a Home
The Naked Truth: 5 Real Reasons To Buy A Home In 2016
January 2016
The Naked Truth: 5 Real Reasons To Buy A Home In 2016

It’s a new year and you’ve decided that “this is the year” to turn a new leaf, be healthier, sav...

Buying a Home
Top 7 Reasons To Buy A Home
February 2016
Top 7 Reasons To Buy A Home

The Spring Market is just around the corner and if you’re still on the fence about homeownership, here are ...

Buying a Home
6 First Time Home Buyer Pitfalls To Avoid
May 2015
6 First Time Home Buyer Pitfalls To Avoid

We’re sure you’ve heard of the absolute HORROR stories from friends and family about their firs...

Buying a Home