Paramount Mortgage - Lender's Blog

Tampa – One of Best Metros for Home Flipping

Last year, home flipping hit its highest rate since 2007; and a new study from WalletHub shows the best markets for home flipping.

WalletHub’s data team compared the 150 largest U.S. cities across 22 key metrics. The data set ranges from median purchase price to average full home remodeling costs to housing-market health index. Each metric was graded on a 100-point scale, with a score of 100 representing the most favorable conditions for house flipping.

Here are the top 10 best metros for home flipping:

St. Louis Tops the List for Millennials

St. Louis is number one on the list of the top 25 cities that millennials can afford and actually want to live in. The Penny Hoarder has developed a definitive list of the top 25 coolest and most affordable cities for millennials. It’s based on a thorough analysis of housing and local price data, economic statistics and something called a Coffee Fanatic Score. Yes, you read that right. These are cities where young people crippled with student loan debt can actually find work and afford a one-bedroom apartment, but also find a new brewery or wine bar on weekends.

Housing by Degree

The more advanced the education, the more likely a person is to own a home, according to a new study by real-estate site Trulia.com, which looked at home ownership, home size and data from the U.S. Census Bureau’s American Community Survey. Professional degree holders, including medical and law school graduates, have about a 76% ownership rate, followed by graduate school around 73.6%.

Stay Safe and Secure: Protecting Your Identity and Your Credit

Over 41 million Americans have been victimized by identity theft. Worldwide, credit card fraud cost more than $24.71 billion last year alone.

Mortgage Misconceptions

Here are the five most common myths about mortgages… sometimes “conventional wisdom” is not necessarily conventional or wise:

Renting Out Your House for the Eclipse

Last week, we excitedly shared information about the Great American Eclipse, which is best seen from several of the areas we are proud to serve. In fact, many areas south of St. Louis will experience over two and a half minutes of total eclipse. Over a million people are expected to flock to Missouri areas in the path of the eclipse, making the Show-Me State a sought after vacation destination for the summer of 2017.

Real Estate & Mortgage Fun Facts


Source: Flickr, Seeking Alpha

 


Source: Flickr, Wikipedia, HuffingtonPost

 

The Eclipse is Coming!

Something very exciting is coming soon to the United States! In just a little over a month, we will experience a once in a lifetime, spectacular event. A total eclipse of the sun is coming on August 21, 2017. The moon will completely cover the sun. According to NASA, those in the path of totality will be able to see the sun’s tenuous atmosphere, the corona.

ARMs and Millennials

Fixed-rate loans account for over 90% of mortgage applications. But as millennials are becoming a stronger force in the homebuying market, they are increasingly opting for adjustable-rate mortgages instead.

The Heat Is On: Summer Energy Savings

July arrived this week with a bang of fireworks and the delightful smell of barbecue. As the summer months continue, the temperature will rise. This can leave the typical homeowner feeling hot, cranky and overextended from paying higher energy bills. The smart, savvy homeowner will pay attention to these tips for a more “chill” summer.

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