Saturday, January 30, 2016

HOME BUYERS ! 4 expenses to keep in mind when buying a home

4 expenses homebuyers should keep in mind
             01/29/2016 | Author: Jaime Lee
When starting your house hunt online, you'll see that most real estate websites let you search by price range. But a real estate purchase will cost you more than just the sale price. Here are four costs you'll want to consider before submitting an offer. 
  1. Down-payment Some lenders require borrowers to pay up to 20% of the loan at closing. It may take a while to save up that much, but paying a chunk of your loan up front will lower your monthly payment. 
  2. Mortgage insurance If you don't pay at least 20% of the purchase price as a down-payment, your lender will probably require you to pay private mortgage insurance (PMI) that protects the lender if you default on the loan. 
  3. Closing costs Buyers and sellers can negotiate how much each party pays at closing. Unless the seller agrees to pay all of the closing costs, you'll be responsible for paying a portion of these fees. 
  4. Monthly payment Your payments will cover principal, interest, taxes, and insurance. You may have other recurring expenses, such as HOA dues and home maintenance, to factor into your budget.
https://www.texasrealestate.com/advice-for-consumers/article/4-expenses-homebuyers-should-keep-in-mind#sthash.hUDOqrXy.dpuf





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Tuesday, January 26, 2016

Decatur Texas Are you ready for growth? It's coming! Along with 9 other Texas Towns


Watch Them Grow



These Fort Worth suburbs are on track for

jaw-dropping growth by 2030

By Lindsey Wilson

1.20.16 | 11:50 am

Decatur is looking at 85 percent growth in the next 15 years. Photo courtesy of Trulia



We know people are flocking to Fort Worth, but they're starting to flock to the outskirts as well. By 2030, 10 of Fort Worth's suburbs are predicted to grow at least 50 percent in population, with four topping 100-percent growth.

LawnStarter.com has the report from Texas Christian University's Center for Urban Studies, which says people are being enticed by the small-town charm, location next to a vibrant metro hub, highly rated schools, and quaint scenery of these areas. The proximity to major employers on the west side of Fort Worth, including defense contractor Lockheed Martin and the Naval Air Station Joint Reserve Base, are also huge draws.

However Kyle Walker, the center's director, points out that "massive development can disrupt that desired lifestyle, plus put pressure on existing semi-rural infrastructure, which can lead to issues such as traffic congestion and, in turn, longer commutes."

But the hordes of folks moving to these 'burbs don't seem bothered. Below are the 10 areas and their projected growth rate in the next 15 years.

10. Westlake, 50.75 percent
9. New Fairview, 51.49 percent
8. Cresson, 58.68 percent
7. Decatur, 85.17 percent
6. Hudson Oaks, 86.63 percent
5. Springtown, 99.56 percent
4. Rhome, 111.82 percent
3. Newark, 124.26 percent
2. Reno, 128.19 percent
1. Aledo, 167.52 percent

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