Debt to Income

Are You Still Renting? STAHHP!

Are You Still Renting? STAHHP!

The Charleston are's population has been burgeoning. Everyone knows it. It's partly due to the fact that our little city is so livable, but it is also due to the heavy influx of industry that we're currently seeing. I think new industry should be welcomed with open arms to strengthen our local communities. However, when you experience an influx of new residents, you will certainly see an affordable housing shortage. That has been the case here in Charleston recently. Unfortunately, house prices have skyrocketed and that has made many millennials unable to buy. They have to resort to renting and the rental rates in the area have been increasing just as aggressively as home prices. Today's post is about why it is impractical to continue renting in today's market. I know it isn't easy to buy a home, so we will follow the previous statements up with some information on how you CAN buy a home more easily than you think you can.

Realtor Economist's Letter to Millennials

Realtor Economist's Letter to Millennials

Millennials are struggling economically. It's primarily student loan debt that has proven to be Millennial's plight. In this blog post, a very well-known economist's opinions and advice are directed toward millennials on how to better position themselves financially to succeed. Most millennials want to buy a home, but are unable to due to their student loan debt and high costs of living due to inflation. This post focuses on some of the ways that millennials can overcome these struggles. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, South Carolina.

First-Time Buyers Sacrifice Conveniences

First-Time Buyers Sacrifice Conveniences

I know I write an awful lot about millennials. But, I'm a millennial and millennials are quickly becoming the most potent group of consumers the world has ever seen. Just look at contemporary marketing or product design and you will see that everyone is aiming their volleys at us millennials. Whether you love us or hate us, we're here to stay. And we're starting to buy houses. Unfortunately, many millennials carry an astounding amount of student loan debt, which is hindering their ability to purchase their preferred homes. Fortunately, millennials are willing to sacrifice a number of things in order to get themselves into houses and achieve that American dream. This post discusses a number of sacrifices that millennials are willing to make in order to purchase their first home. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC!

This is How to Calculate Your Monthly Mortgage Payment

This is How to Calculate Your Monthly Mortgage Payment

Calculating your mortgage is a little bit more complex than just figuring out the principal and interest. Most shoppers do not figure their insurance and taxes into the equation when considering buying a property. The old acronym for your total monthly obligation is PITI (principal, interest, taxes and insurance). This blog post walks your through the process of how to figure out your entire monthly mortgage obligation (minus utilities, etc.). Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC!

Realtors Urge Congress to Ease Up on Credit Requirements for Buyers

Realtors Urge Congress to Ease Up on Credit Requirements for Buyers

Congress works with various other Government entities and Government-affiliated organizations to help homebuyers purchase homes. They mainly responsible for setting the rules and regulations that Government-endorsed lending agencies like Fannie Mae and Freddie Mac follow to underwrite loans. Congress wants to bolster homeownership since the country has rebounded from the recession. The National Association of Realtors is urging Congress to loosening up on some of their lending restrictions in order to increase the number of new homeowners across the country. One major hurdle that many people face is their lack of stellar credit. NAR would like to see Congress reform their credit requirements to see a huge increase in homebuyers. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, South Carolina!