Is it Time to Stop Renting and Purchase a Home?

Are you renting a home and wondering if you should make the transition to buy? As mortgage rates continue to be relatively low, it is proving to be more economical in many cases to purchase a home than continue renting. Not only is buying a home an investment in your future, but you will see a tangible return on your money instead of lining your landlord’s pocket. When considering your options, ask yourself this question: Where do you want to be in three years? Zillow’s chief economist, Stan Humphries, said: “Everyone understands if you’re going to be in a house 20 years, you should buy a house, and if you’re going to be in a house for six months, you should rent it. What they don’t unders

What to Expect on Closing Day

When you purchase a home, the most exciting part of the process is the day you finally are handed the keys. But, before this happens, you will need to sign some important papers to close the deal. Closing day is going to be a busy one with your mind on moving into your new home, but it is important to know what will happen at the closing table so that you are prepared. Generally, the closing will happen at the office of the settlement agent (potentially an attorney, depending on which state you close in), or the closing could take place at one of the real estate agent’s offices or my office. Your real estate agent, the seller’s agent, the title agent and a notary may be there. I will also m

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LILLIAN WONG LOANS © 2020 by LW Consulting. All rights reserved.