Sun American Mortgage

Renting a home is often the easiest and cheaper option. Remember that renting comes with more flexibility compared to homeownership. Moreover, renters require less financial commitment to get started. While many Americans are looking to homeownership at some point, there are times when the only alternative is renting a home. For example, when you live and work in a place where you are not able to afford to buy, renting a home remains the next option. Whether getting into rent cycles for financial reasons or lifestyle reasons, it is advisable that you familiarize yourself with the tips for renting a home. Let us get started. Know the Kind of Home You Are Searching If you have settled on renting a home, the best place to start is to determine the kind of home you are looking to rent. Are you looking to rent a Condo or a family house with own compound? It is up to the tenant to come up with a list of features to look out for when searching for the best home rentals. This ...

Down payment will have potential homebuyers splitting hairs on whether it’s worth their scratch or not. Truth is, there are unlimited misguided concepts surrounding down payments and its high time we shed some light. It’s not as bad as you think it is. The infamous “20% down” is not the only down payment option at your disposal. Homebuyers are resorting to low or no down payment options when purchasing houses and you could consider it too. Below are a few clever ideas that will help you maneuver the home buying process with little or no down payment. 1. CONSIDER THE FHA LOAN. The Federal Housing Authority is considered one of the best options for anyone who is avoiding exorbitant down payment options. Their down payments can go as low as 3.5% which is quite impressive. Today, homebuyers can borrow up to 96.5% of a home’s total value. The FHA mortgages are designed for low-income earners, hence the options for making your down payment are very flexible. Anything from saving...

Whether to rent or buy a home remains an overwhelming question for a majority of Americans. Everyone holds an opinion when it comes to renting vs. buying. Sadly, not even experts have managed to hold back their two cents on the question of home renting or home buying. So, what are some of the pros and the cons of renting vs. buying? Is it better to rent or own a home? In this post, we look at the advantages and disadvantages associated with home renting vs. buying. If you are on the fence about buying a home or renting, here are some ideas to backup your argument. Let’s start with home renting: HOME RENTING A recent report shows that more people are renting their homes right now than at any point 50 years ago. In 2016 close to 37% of households lived in rental properties. This can be attributed to the larger amounts of student debt, fears from the housing crash of 2008, and a myriad of other reasons. So, what are the pros and cons of renting properties? ADVANTAGES OF REN...

I get a lot of questions from clients wondering what they can do to prepare to purchase a home a year or more down the road. Here are the apps I tend to recommend to my clients! 1.Clarity Money!  – This wonderful app helps us save our $$ by identifying waste. This free app does this by helping identify subscriptions you aren’t using or just don’t need. Another great perk is that it helps you negotiate your monthly expenses down to a lower rate! Lastly, it helps you with accountability and ensure you stay on your budget! I love this! 2. Acorns!  – I cannot overstate how much I love this one. Acorns helps you round up your purchases on your credit and debit cards that you link to the app. The differences that are rounded up to the nearest dollar are then transferred to your Acorns account. This account starts to work for you as it is invested into exchange traded funds. These funds are manageable as you can direct them to conservative or aggressive funds based on you...