Paramount Mortgage - Lender's Blog

Meet Me in St. Louis

Paramount Mortgage Company has been happily headquartered in the Gateway City for more than 46 years. While we have expanded into several other areas in  the nation, there is no place like home. St. Louis is home to many fascinating historical attractions, delicious food, wonderful music, and much more. This summer is the perfect time to meet us in the Lou, and spend a vacation or stay-cation enjoying these fabulous local attractions.

Credit Bureaus are Erasing Negative Info

Credit scores for many people will get a boost this year as tax liens and most civil judgments are removed from their credit reports. As a result, people who have the negative data erased will appear more creditworthy and will be able to take action that could save them plenty of money, according to Matt Schulz, senior industry analyst at creditcards.com.

Secure At Home

Every 13 seconds in the United States, there is a home invasion, with over two million burglaries occurring each year. Not surprisingly, summer time is the most common time for a home to be burglarized. With school out and summer on the horizon, let’s review a few simple steps homeowners can take to prevent their home from becoming a target.

Secure At Home

Every 13 seconds in the United States, there is a home invasion, with over two million burglaries occurring each year. Not surprisingly, summer time is the most common time for a home to be burglarized. With school out and summer on the horizon, let’s review a few simple steps homeowners can take to prevent their home from becoming a target.

4 Things First-Time Homebuyers Need to Know

Buying a home is likely the biggest purchase a person will ever make, and it’s not always an easy one. Low inventory has pushed home prices up in cities throughout the country, giving sellers an advantage. Homes sell fast, bidding wars break out, and offers above the asking price are common. All of this means that buyers need to be on their game and have their finances in order before entering the market.

Here’s what experts said first-time buyers need to know, as shared by money.cnn.com:

1. What you can actually afford

Advice for New Grads

Congratulations to all those who are graduating this month! Completing a new level of education is a huge accomplishment that begins a new and exciting stage of life. As a new class of graduates enters the workforce, we offer a few words of advice.

Buying vs. Renting: State by State

Homeownership remains at the heart of the American dream. The benefits of homeownership can far outweigh those of renting over the long haul. Owning a piece of the American dream provides a sense of financial security that renting lacks. For instance, a homeowner can tap the equity in their home to reach other financial goals, such as retirement expenses. As a renter in any state, a person can pocket some of the expenses that homeowners face, such as landscaping costs, but at the greater potential cost of leaving less options open years down the road.

Renovation Spending is Up with Millennials and First-Time Homebuyers

Millennials who renovated their homes spent an average $26,200 last year on the upgrades – 7% more than the previous year, according to the Houzz & Home Survey.

First-time homebuyers spent $33,800, representing 22 percent more.

Millennials are becoming homeowners much later than baby boomers did, but when they get there, they’re spending more for renovations, a positive sign of confidence in the housing market. The results are based on more than 100,000 responses to the survey, which was emailed to registered users of Houzz in the United States.

What a Seller’s Market Means For You

In our recent newsletter and blog, we shared information about housing market trends. The numbers, including an increase of home sales and a decrease in supply, indicate that 2017 is and will be a seller’s market.

By The Numbers – First-Time Home Buyers

Who are today’s first-time home buyers? To illustrate the typical first-timer, the New York Times drew information from the 2016 Profile of Home Buyers and Sellers, published annually by the National Association of Realtors.

 

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