Don’t get caught in the Rental trap in 2019

Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone!

According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan on buying in the next 5 years, with 38% planning to buy in the next 2 years!
When those same renters were asked why they disliked renting, 52% said that rising rental costs were their top reason, and 42% of renters believe that their rent will rise every year. 

It’s no wonder that rising rental costs came in as the top answer! The median asking rent price has risen steadily over the last 30 years, as you can see below!

There is a long-standing rule that a household should not spend more than 28% of its income on housing expenses. With nearly half of renters (48%) surveyed already spending more than that, and with their rents likely to rise again… why are they renting?

When asked why they haven’t purchased a home yet, not having enough saved for a down payment (44%) came in as the top response. The report went on to reveal that nearly half of all respondents believe that “a 20% down payment is required to buy a home.”

If the majority of those who believe they haven’t saved a large enough down payment believe that they need 20% down to buy, that means a large number of renters may be able to buy now!

Bottom Line
If you are one of the many renters who is fed up with rising rents but may be confused about what is required to buy in today’s market, contact a local real estate professional who can help you on your path to homeownership.

Contact a mortgage consultant today at 833-782-7882.   OR   GET STARTED 

Article source:  Keeping Current Matters 




The front door of a home is the focal point, it is the first impression as to what awaits inside. It has become more popular lately to have colorful front doors, adding a pop of color to the exterior of the home. The color you choose may not be for a certain reason, but it can have some telling characteristics of your personality! Here is a break down of a couple color choices, and what they may reveal about you:

A very bold color, it represents excitement, energy, power and courage. It grabs people’s attention, which is why it is often used in firetrucks or emergency lights. Although red is a very daring color- it has a symbolic history meaning welcome. This is definitely the color to pick if you want to stand out and make a statement, more for the entertainer type. 

Blue has always represented tranquility, trust and stability. It can give guests a very calming feel when walking into your home, as blue is also associated with the outdoors. It is the color of the sky and the ocean, both very cool in nature. However, the different shades of blue may convey different emotions. A lighter blue gives more of a sense of happiness and exhilaration, as compared to a deeper blue may reflect more relaxed and sedating.

A sign of sunshine, happiness and liveliness; yellow will definitely up your curb appeal. It can show signs of a very creative and intelligent person, and also a morning person! It screams, “Welcome to my home!” A very adventurous color- this will make your guests feel cheerful upon entering your home.

A simple classic, a brown door shows signs of stability, reliability, and warmness. It often portrays a more organic or natural feel, as it is the color of our soil, the trees, and most of Earth. A very neutral color, a brown front door shows that you are nurturing and caring, giving off feelings of warmth and coziness.

Evoking cleanliness, sincerity and softness- a white front door tells that you may be a very well organized, clean person. White is often used to show coolness and simplicity, making your guests feel at ease when they come to your home!

Very out of the ordinary color to pick- but that is exactly what it will represent about you! A purple front door can show that your are a dreamer or a risk taker, willing to walk to the beat of their own drum! Purple represents wisdom and ambition, showing that you are a very headstrong person. It also represents royalty and luxury, showing that your home is your own kingdom.

Grey is the color right in the middle of black and white. It shows that you prefer to compromise rather than pick on side or the other. It can also show indecisiveness, conservativeness and calmness. Like stone, you are very stable, grounded and soothing. No surprises with you, what you see is what you get. 


Your home is a direct reflection of you, and you want it to represent you in the best ways! Painting your front door can be an easy, quick way to personalize your home and make it feel more like you. Not many people give it much thought, but painting your door can really change up the feel of your place in big ways. Whether you choose to be the bold neighbor on the block, or the classy conservative, your door is the gateway to your home. Give it some thought!