Browsing Tag

rent or buy

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Buying a Home

5 Reasons Homebuyers Wish They Had Stopped Renting Sooner

April 3, 2019

On the fence about whether to renew your lease or start searching for a home of your very own? Deciding whether to rent or buy is a common dilemma among house hunters. Fortunately, you’re in a unique position to learn from the experiences of others. Following are just a few of the reasons why many homebuyers wish they’d written their final rent checks a little sooner: Reduced cost. Depending on your circumstances, it may be cheaper to buy a home than to rent one. Landlords…

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Buying a Home

A Guide to Our Free Homebuyer Guides

January 18, 2019
Image of several guides for homebuyers

At Richmond American, we love helping new homebuyers attain the dream of homeownership. And with nearly 40 years in the industry, we’ve learned a thing or two about the process! Perhaps you’re just beginning your house hunt, or maybe you’ve already decided on a floor plan and community. Regardless of your stage in the homebuying process, we have compiled worksheets, tools and checklists to assist you along the way. Check out (and download!) our series of FREE guides, designed to help homebuyers stay organized, informed…

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Financing & Insuring

How to Use a Mortgage Calculator

January 9, 2019

Mortgage calculators are an underappreciated example of how the web has made home shopping easier, smarter and flashier. OK, maybe not flashier, but definitely easier and smarter, as they can provide quick insights into whether you’re able to afford a mortgage, and if so, what you’ll want or need for a down payment, monthly payment, etc. Check your borrower profile below to see which mortgage calculators you might find useful. Keep in mind, however, that while these will give you good ballpark figures, they won’t…

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Buying a Home

Should I buy a house? 3 Reasons to Stop Renting in October

October 2, 2018

Summer is officially over, leaves are falling and it’s the perfect time to give up renting for good. You may be thinking…should I buy a house? Should I keep renting until next year? If these are the debates occupying your brain, this is the place to be. Check out three reasons we think October is the perfect time of year to make the leap into homeownership. 1. New year resolutions are still possible. 2018 is slipping by fast, but if one of your resolutions was…

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Buying a Home

Cost Comparison: Rent or Buy

August 30, 2018
Couple calculating finances

There are many benefits to being a homeowner. From a purely financial perspective, there are tools to help determine the cost of renting versus buying a home. Comparing the cost of renting to buying usually depends on key factors, such as budgeted monthly rent, target home price, the length of time you plan to live in the home and what your mortgage rate would be. Estimating these values can help determine if buying is financially advantageous. In addition to the actual buying costs, it is…

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