Promoting Proper Oral Hygiene in Children in a Fun Way

When it comes to teaching the value of good oral hygiene, it is important to start at an early age. Kids are likely to grow up with strong and healthy teeth if they learn to brush and floss their Read more

More Australians Support Renewable Energy for the Future

The future of Australia’s economy primarily depends on renewable energy usage, according to Australian economist Ross Garnaut. Garnaut noted that the country could emerge as an “energy superpower of the low-carbon world economy” if it begins to shift its Read more

Simple Home Upgrades That Will Make Your Life Easier

If you’re like most homeowners, you’re always looking for a way to make life better at your home. Fortunately, there’s a tonne of affordable little ways you can transform your home into your very own castle. Here are Read more

Home Buying: Does it Get Easier During the Last Half of 2017?

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A couple planning to buy a house Buying a house is one of the biggest financial decisions anyone is going to make. With the ever-changing property market and the financial difficulties of the younger generation, however, the rite of passage of owning a home is becoming a challenge for most.

Back in January, Forbes reported that the rising home rates might complicate the housing outlook for 2017, as it can affect supply and demand in the market. The article states that while higher rates will negatively impact the demand for housing, the supply-side dynamics of the country’s housing sector remain to lean over to a higher home process.

Homes Remain Affordable Despite Mortgage Rate Rise

During the first quarter of 2017, 6 in 10 American homes were affordable to households that fall under the national median income. The typical homeowner uses a 30-year conventional mortgage, gave a modest down payment, and possesses good credit scores. The index indicates that homes are, in general, as affordable today as they were in the past three-quarters, despite the sharp rise in mortgage rates. The information came from over 220 metropolitan areas in America. Conducted by the National Association of Home Builders (NAHB), their quarterly report that tracks home affordability to American households.

There are also lenders who make applying for a mortgage easier. City Creek Mortgage, for example, uses an easy four-phase loan to streamline applications for their clients.

How Does the Latter Half of 2017 Look Like?

The data from NAHB shows that the prices of homes have continued to rise every year since 2012. On paper, it’s great news for homeowners, but not so much for buyers. While there’s a possibility that home prices will skyrocket in 2017, there is also a good chance that they will fall. Rising rates might put a stop on the rising house prices. On the other hand, the rising payments could result in fewer bidding wars and even offers that are over-the-market prices.

The rising mortgage rates may not seem good for house buyers, but there’s a chance that it will make homes more affordable during the remainder of the year.

Buying a Home Made Easier Through Down Payment Assistance

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A couple discussing their finances with one another A lot of people are discouraged from buying a home because they don’t have enough savings to cover the down payment. If the only problem is the down payment, it is not enough reason to deter you from owning the home of your dreams.

Providers in Ogden such as Wasatch Peaks Credit Union may offer various programs on down payment assistance, as well as zero-interest second mortgages, and other mortgage programs that can help you if your biggest problem is not having enough money for your initial payment.

Misconceptions About Down Payments

What is the big fuss about down payments then? First, some people are of the mistaken belief that you must put up at least 20% of the home value before you can buy a home. The truth is, while having 20% can exempt you from paying PMI or private mortgage insurance, it is not necessary. In fact, for conventional loans, you can pay even just 5% for down, and for FHA loans, as little as 3.5%.

On the other hand, some people are aware that they don’t need to put up 20% outright to buy a home, but only 5%. However, they still think they don’t qualify since they don’t have even the 5%.

About Down Payment Assistance Programs

Most people would qualify under these assistance programs, and not just the low-income households. In most parts of the country, including Utah, you can be earning over the median income and still qualify for the assistance program. Even if you are a high-income earner, you may be eligible for a grant that covers 5% of the outright purchase price of your target home.

In Ogden, down payment assistance may be granted for $3,000, $5,000, or $10,000 – zero interest, and zero monthly payments.

Final Word

Now, just because you have access to down payment assistance grants, it doesn’t mean that you should indiscriminately buy a home that costs way beyond what you can afford. Look at the overall picture and determine the home cost you can afford.

Buying & Selling of Gold: Is It Worth It?

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Gold InvestmentGold has been of great value ever since ancient times. There are, in fact, evidence citing gold’s role in representing status and power. Until now, it still holds the same value it has since. That’s why it is not surprising to see people getting worked up about investing in one.

Before you even start towards this path, however, you must learn a few valuable things about it.

Determining the Price

The value of the gold item depends on the process it has undergone. Be informed that trade of bullion coins are at a lower premium compared to spot gold price. This is because they have been minted by sovereign governments that usually charge a fabrication fee. Moreover, the price may vary depending on the size, quantity, and type.

Identifying Bullion from Collector Coins

Whether you’re selling or buying gold coins, learn to distinguish the difference between bullion, which is generally cheaper, and rare coins, which possess historical significance and are scarce in terms of supply and demand.

Choosing the Dealer

Gold coins are not hard to find, Atkinsons Bullion says, especially if you’re buying. Most of them, you’ll notice, are readily available in the market. It can be from a private dealer, standalone jewellery store, antique shop, pawn shop, or government mints. In the end, however, you still need to buy from a trusted source to get precisely what you need.

Learning the Trade

Test your trading skills before you get involved in any of this. Entering and reading some information about the whole industry will improve your understanding, or join online message boards and learn from people or experts in the trade. This is so you can be fully aware of how the whole industry works.

While gold investment has its own complexities, a little effort in learning the basics will certainly save you from its pitfalls. It is difficult when you’re starting, but as you continue, things will be much easier to handle and negotiate.