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eXp Realty, LLC Blog

Monday, November 17, 2014   /   by Matthew Freda

Harvard’s 5 Financial Reasons to Buy a Home

Harvard’s 5 Financial Reasons to Buy a Home

November 17 2014



Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate. Last year, he released a paper on homeownership - The Dream Lives On: the Future of Homeownership in America. In his paper, Belsky reveals five financial reasons people should consider buying a home.
Here are the five reasons, each followed by an excerpt from the study:
1.) Housing is typically the one leveraged investment available.

“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every perc ...

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Monday, November 17, 2014   /   by Matthew Freda

Don’t be afraid of mistakes

 
Don’t be afraid of mistakes
 
 
 
“The greatest mistake you can make in life is to continually be afraid you will make one.” –Elbert Hubbard
 
 
 
Mistakes often terrify us, as does the thought of making one. If you make a mistake, then you might face a setback. If you mess up, you might have to take a few steps backward and do some things over again. If you make the wrong choice, you might end up losing some ground and having to regain what you lost.
 
 
 
None of these options sound like much fun, which is why most people try not to make mistakes. After all, there is really no substitute for common sense, right?
 
 
 
There is really no denying that trying not to make mistakes is a good idea. After all, avoiding them can help us to avoid a lot of other problems—but what if we avoid doing the right things in the process? What if we are so afraid of messing up that we nev ...

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Friday, November 14, 2014   /   by Matthew Freda

Historic Mortgage Rates by Decade [INFOGRAPHIC]

Historic Mortgage Rates by Decade [INFOGRAPHIC]

simplify
November 14 2014











Matthew
Freda
 
 
Freda Realty, Inc.
Longwood, FL
Freda Realty...Experience the Difference!
(407) 513-4724
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Friday, November 14, 2014   /   by Matthew Freda

Fear of Low Down Payments Mostly Unwarranted

Fear of Low Down Payments Mostly Unwarranted

simplify
November 13 2014



After it was announced that Fannie Mae and Freddie Mac would again make available mortgage loans requiring as little as a 3% down payment, many people showed concern. Were we going back to the lower qualifying standards of a decade ago that caused the housing market crash? Won’t lower down payments dramatically increase the default rates? Will we again be faced with an avalanche of short sales and foreclosures?
The simple answer is - NO. Let’s look at the data.
While it was happening (2011)
Back in 2011, as we were just recovering from the worst of the Great Recession, many organizations were looking for the cause of the massive default rate on mortgages.
The National Association of Realtors (NAR), the Center for Responsible Lending (CRL), the Mortgage Bankers Association (MBA), the National Association of Home Builders (NAHB), the Community Banking Mortgage Project and the Mortgage Insura ...

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Friday, November 14, 2014   /   by Matthew Freda

5 Reasons to Hire a Real Estate Professional

5 Reasons to Hire a Real Estate Professional

simplify
November 12 2014



Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.
The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover. 
1. What do you do with all this paperwork?
Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.
2. Ok, so you found your dream ho ...

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eXp Realty, LLC
Matthew Freda
651 W Warren Ave
Longwood, FL
407-513-4724

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