Dear Monty: We are first-time home buyers. Being rookies, we get lots of advice from family and friends. Still, the process is different with everyone giving us advice. We would appreciate step-by-step guidance on exactly what we should be doing all the way through. How do we make an offer on a home? Monty’s Answer:…
You’re in Good Shape Either Way
Dear Dave, I can’t decide whether to sell or keep a rental property. Except for the property in question I’m debt-free, and I make $90,000 a year. I owe $20,000 on the property, and it is worth $65,000. What do you think? George Dear George, You’re in pretty good shape financially, and you could probably…
Housing Affordability Falls Across Southern California
LOS ANGELES—Housing has gotten less affordable in all Southern California counties, compared to a year ago, a real estate group said May 11. Statewide housing affordability reached its lowest level since mid-2018, as higher prices fueled by a shortage of homes for sale pushed the state’s median home price more than 22 percent higher on…
Single Parents to Be Able to Buy Homes With Two Percent Deposit
The Treasury has announced additional home loan assistant measures to help more Australians become homeowners as part of the 2021-22 budget. Single parents with dependent children will be able to purchase a home with a deposit of two percent. It will be under the Family Home Guarantee, which the government will establish to provide 10,000…
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