Homeownership is celebrated as a critical step toward financial security, yet its accessibility is significantly influenced by one's family background. This article explores the substantial wealth gap that exists between homeowners and renters along with how the ability to receive a down payment ‘gift’ from family is impacting

The National Association of Realtors (NAR) recently settled a lawsuit that contended that MLS (multi-listing service) requirements for sellers to pay both seller and buyer's agent commissions was artificially inflating realtor commissions at around 6% of the transaction price. While commissions have always been negotiable, a significant requirement

Mortgage insurance (sometimes referred to as MI or PMI) might be the quiet sentinel on the path to homeownership, subtly deciding who gets to claim the keys. This financial safeguard is crafted to protect lenders, while being paid for by borrowers/buyers, yet it's a vital element for

Embarking on the homeownership journey requires advance planning to avoid some common pitfalls and minimize overall expense. This checklist will help to ensure you are aware of some of the less obvious costs and preparatory steps you can take as you are saving and planning for your home purchase. Grasping

Choosing the right mortgage is a critical step in purchasing a home and can significantly impact your financial health for years to come. This guide will walk you through essential considerations and the various mortgage types to help you find the perfect fit for your financial situation and homeownership goals.

Is the purchase of your dream, or maybe your first, home within reach? The answer likely depends heavily on your down payment. This crucial first step in home buying is often misunderstood, yet it plays a significant role in the timing, cost and often the mortgage terms you ultimately receive.

Is housing affordability a distant dream for first-time buyers? Let's explore. The current state of the housing market The housing market is a challenging terrain, particularly for first-time buyers. Current statistics don't paint a rosy picture: home values have soared to record highs, necessitating larger down

Did you know that 82% of millennial homeowners have at least one regret about their first home purchase? That's right. Buying a home is a significant financial commitment, and one that shouldn't be taken lightly. To make the process smoother and avoid common pitfalls, it'

Is there a reliable way to build wealth and secure financial stability? Homeownership might be the answer. This article explores the strong link between owning a home and wealth accumulation, underscoring the significance of understanding the financial benefits of homeownership. The wealth gap between homeowners and renters When it comes

While the dream of owning a home remains an integral part of the American Dream, the reality of achieving this dream is becoming more elusive. Co-investment and shared ownership is a path that can enable first-time homebuyers to realize their homeownership dreams sooner.

As we pop the cork on 2024, the Crib Equity team is contemplating our progress from 2023 and our resolutions for the New Year. Collectively our team is more resolved than ever to support the personal and financial goals of homeowners with a more affordable home purchase path. Personally, our

Challenges and solutions for new buyers in a market defined by existing wealth The dream of homeownership, once a visible and attainable milestone for most, has increasingly become a mirage for many in today’s real estate market. As we stand at a point of historic home unaffordability, the down