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Rent Up 50% Since 1996 For Lower-Income Tenants

Elizabeth Harris at Forbes examines recent data showing the spike in rent for lower-income families since 1996. Decline in homeownership among the middle and upper-income households has resulted in a limited supply for rental options. Additionally, median household expenditures increased across the board between 1996 and 2014.  

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Mortgages and Divorce

Normally, this is something one researches only when already deeply entrenched in divorce. But, some forethought could preserve finances, and work to make a sometimes deeply contentious situation, less contentious. By utilizing calm decision making skills—free of emotion—both parties may be better prepared for their new lives. Time.com has some advice on their site.  

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Choosing The Right Real Estate Agent

USA Today has a short piece on what to look for in a real estate agent. We all want to support our friend or family member who happens to be an agent, but the article has an interesting anecdote that may give us pause depending on the transaction.  

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Home Equity for Senior Citizens 16% Above Pre-Recession High

Seniors currently have $5.83 trillion in home equity, which is 16% above the pre-recession peak. Bankrate has a piece today detailing the new data, and what options it offers to senior citizens. President and CEO of the National Reverse Mortgage Lenders Association, Peter Bell, says “”For the millions of seniors without a pension, home equity…

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When is the Best Time to List Your Home?

Stan Humphries, chief economist at Zillow, says that early May is the peak time to list your home. Basing his advice on a lower inventory this year, he posits that increased buyer competition will result in a faster sale. Furthermore, Thursday is apparently the best day to list your home, because buyers are preparing to…

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Home sales drop 7.1% in February

Previously-owned home sales decreased 7.1% in February. Winter weather played a role in the drop, with the areas subjected to the harshest weather affected the most. February sales are up 2.2% from last year at the same time. Forbes has more information here.    

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Welcome

Welcome to Jeffrey Halbert – First Home Mortgage! Please check back for future articles and information.

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Leave Your Home To Your Children— Tax Free

MSN has some tips for giving your children your home, and avoiding tax debt in the process. The options range from the incredibly simple, sell at the lowest price allowable by law—to the somewhat complicated, create a qualified personal residence trust (or QPRT). There are a few more ideas worth perusing in the article.  …

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Considering Land Investment?

U.S. News and World Report has a slideshow dedicated to investing in land successfully. Much of the advice is common sense, but there are a few tips that were of particular interest. Ensuring you have mineral rights, and that you’re on the water wait-list stood out as things a neophyte investor may overlook. All 14…

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Jeffrey Halbert - First Home Mortgage
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Dunkirk, MD 20754

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This is not a commitment to lend. Terms and conditions of programs, products and services are subject to change. All loans are subject to credit approval and property appraisal. Certain restrictions may apply on all programs. First Home Mortgage Corporation of America, First Home Mortgage Services, and First Home Mortgage Company of Maryland are d/b/a's of First Home Mortgage Corporation. First Home Mortgage Corporation is licensed in Connecticut, Delaware, District of Columbia, Florida, Georgia, Indiana, Kentucky, Maine, Maryland, Massachusetts Mortgage Lender and Broker (Lic. #MC71603), Michigan, New Hampshire, Licensed by the New Jersey Department of Banking and Insurance, North Carolina, Pennsylvania, Rhode Island Licensed Lender and Broker, South Carolina, Tennessee, Vermont, Virginia, West Virginia. Equal Housing Lender. First Home Mortgage Corporation NMLS ID #71603 (www.nmlsconsumeraccess.org). Privacy Policy.