According to a recent study, about 15% of mortgage applications for a home purchase in the United States in 2018 were rejected. The main reason is not bad credit, although it ranks second. The most cause of mortgage application denial last year was debt-to-income (DTI) ratio. This statistic speaks volumes about the mindset of lenders
Real estate is relatively not only of the hard-hit industries by the coronavirus pandemic. But it doesn’t mean that South Australians are as active in buying and selling properties as they were before social distancing measures were put in place. During the “new normal,” listings have dried up. Demand has also dipped due to the
Because of the outbreak of the COVID-19 virus, the real estate market is experiencing significant adjustments. Amidst the crisis, more people are experiencing unemployment or job insecurity, contributing to the massive drop in the real estate market. However, despite the adjustments and dwindling buyers, many homes are still up for sale because, like the great
If you don’t live under a rock and away from all civilization, then for sure, you know about “The Little Prince.” Or you’ve heard about it at least. It’s a classic children’s story written by Antoine de Saint-Exupéry. You’re probably already asking yourself why you should read a children’s book when you’re already in your
If you’re tired of living in a crowded city with the rushed pace of life, consider moving to Utah, the Beehive State. Even though it chose the beehive to represent the virtues of its settlers, that of perseverance, self-reliance, and industry, life there is less hectic, owing to the bigger land area and sparse population.
Many families are currently in the process of planning their upcoming summer getaway. It is also the right time for you to start prepping your vacation rental for all your guests who will be coming from out-of-town. Give it a Makeover Your property may become more popular with the tourists if you offer a fresh new take.
For those who will be leaving their childhood homes for the first time, looking for the perfect flat will be stressful. While there are a lot of places open to renters, there are also a number of factors that you need to consider before signing a contract and moving your things. For one, is the
One golden rule when it comes to investing is to avoid placing all your investments in a single basket. But this is always easier said than done. When you’re still a newbie investor, you’ll most likely start with a single investment at first before venturing into other investment types. When you solely rely on your
Before selling your property, it’s best to have another look to make sure you’re offering the best price. Remember, the real estate market is not an easy feat. In fact, it’s one of the most competitive industries today. Always put yourself in the buyer’s perspective. Would you buy it for your asking price? This is
It’s highly plausible that every person’s first home purchase won’t be their last. There are households that stay a decade or more in their homes before moving on, while others outgrow the property in far less time than that. You might find yourself in a similar situation right now. Whatever your reason may be for
