-
Why Buying a Home Is Easier Than You Think: A Conversation with Margaret Smith
June 21, 2018 /You may have heard of Margaret Smith. She’s the Director of Operations for Pickett Street and social-media-extraordinaire. She’s also an incredibly inspiring woman who knows how to focus and go after what she wants. This week I was able to chat with Margaret about her experiences buying and renovating her duplexes and about her home-buying hacks. Margaret says that you shouldn’t hesitate to reach out to her with questions at margaret@pickettstreet.com. To get in touch with the Pickett Street team, contact them at info@pickettstreet.com or (425) 502-5397. In the meantime, here’s what Margaret had to say. On her secret to making money and paying off her mortgage: I got this idea from Cody Touchette with Caliber Home Loans. I started with Pickett Street in November 2012. I walked into a rambler Pickett Street was selling that Winter, and I started to cry. I realized that I might not ever buy a home with a partner (hardly anything to cry about, and yet I did!). I cried because I wanted to own a home, and I literally had no idea how to make it happen on my own salary. So one day before a class we were holding, Cody told me if he could…Read more
-
The First Three Steps to Buying a Home
May 18, 2018 /You know those things in life that feel sort of insurmountable and impossible to begin? For my partner, it’s putting his socks away. For me, it’s doing my taxes, or going for runs when it’s anywhere above 60 degrees (this Washington State girl needs her cool, mild climates!). And there are larger tasks that can feel difficult as well--finally tackling that home improvement project, perhaps, or selling or buying a home. Fortunately, when it comes to buying a home, Pickett Street has already done all the work to help you get organized and get started. This week, Pickett Street held another class for home buyers. If you missed it, not to worry–Pickett Street holds this class regularly, and the next one will be June 12. Also, for more information about this class or about buying or selling a home, get in touch with the team at info@pickettstreet.com or (425) 502-5397. To further help you, here are the eight steps to buying a home. 1. Decide to buy. Would buying a home would be a smart, positive step in your life right now? Here are a few bits of data to help you make this decision: It is now more expensive…Read more
-
Fannie Mae Changes Help Homebuyers With Student Debt
August 4, 2017 /It’s tough out there for students. Take it from me, a millennial who has collected a bachelor’s degree and a master's degree, as well as a bit of debt along the way. Recent surveys have shown that the average college graduate has more debt than ever before, and that this increased debt makes it harder for graduates to save money and therefore more hesitant to buy homes. What’s more, millennials aren’t the only ones who carry this burden--about 43 million Americans, including millennials, Gen Xers, and even some baby boomers, are currently drowning in student debt. However, luckily for us former students, the mortgage investor Fannie Mae has introduced three new changes that will make it much easier for individuals with student debt to purchase homes. Here are three situations in which these new rules will help. 1. If Someone Else Makes Your Student Loan Payments Many employers now offer their employees student loan repayment benefits. In the past, this system has made it more difficult for individuals looking to buy homes; when calculating a homebuyer’s debt-to-income required for mortgages, mortgage lenders did not take into account that the potential homebuyer did not have to make their student loan payments…Read more
