Price increases over time increase the value and equity of homes, while home affordability is an indicator of how good a city like Dallas is for single-family rentals. As the Dallas News recently reported, low mortgage rates and feverish demand from state buyers and remote real estate investors are driving home prices up 50% in some of Dallas's most popular neighborhoods.
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Is it better to close at the end of the year or beginning of year?
The result is that you could get a higher return if you're willing to wait until after the new year to close. Closing at the beginning of the month will result in an additional month in which you won't have to make your mortgage payment.
How long should you live in a home?
Real estate agent and real estate lawyer Bruce Ailion agrees. When you're looking for a new place to live, the first question you ask will help you make decisions.
How long does it take for a mortgage to fall through?
Overall, the average time to close a mortgage (the time from when the lender receives your application to the time the loan is disbursed) is 52 days, according to Ellie Mae. Conventional loans had the shortest delivery times, at 51 days, followed by FHA loans with 55 days and VA loans with 57 days.
Why you shouldn't buy a big house?
If you think you need more space, you don't necessarily have to buy a larger space. Sometimes, additional space can be achieved by moving the furniture in your current home, turning an attic or basement, or even your garage, into living space.