(NewsUSA) – There came a point in Meghanne’s 29-year-old life when she decided it was time to "be an adult and buy a house." And as a loan officer, she wanted to practice what she preached about investing in homeownership.Then again, living on a dairy farm near Boise, Idaho, with only cows for neighbors could have been a factor, too.Either way, after 11 years of renting, Meghanne was ready to buy a house. As a single woman with an active lifestyle, Meghanne didn’t want an older house that required a lot of work or maintenance, so she focused her search on newer homes. Trouble was, many houses were out of her price range, and those that weren’t got snapped up quickly.Due to its lower cost of living, Boise is in the midst of a boom. People from more expensive cities, such as, San Francisco and Seattle, are flocking to the area. In fact, Forbes named Boise "America’s fastest-growing city in 2018" with home prices increasing 11.58 percent. After getting priced out of the market in their cities of origin, these transplanted residents weren’t blinking at the median home price of $319,000. This and a shortage of inventory made for a super-hot real estate market – not exactly ideal when you’re looking for your first home and have a limited budget.Being a resourceful millennial, Meghanne started researching her options. She discovered a private non-profit organization, called NeighborWorks Boise, whose mission is to revitalize communities and offer affordable housing alternatives. This national organization builds pocket neighborhoods consisting of 10-15 energy-efficient homes, clustered together to form a close-knit community. Meghanne qualified for their program by meeting the income limit of $90,000.Through NeighborWorks Boise, Meghanne found a newly-constructed home affordably priced at $184,000. At only 700 square feet, the cute little house featured two bedrooms, two bathrooms, a living area, kitchen, front porch and attached garage."I fell in love," says Meghanne, "and the price was perfect."Because the home wasn’t complete, she was able to personalize it by making decisions on the finishes.Although NeighborWorks also offers affordable loans, Meghanne chose conventional financing through her employer, a mortgage lending company. Thanks to private mortgage insurance, she was able to put down only 3 percent ($5,520)."I considered making a 5 percent ($9,200) down payment but opted for 3 percent," explains Meghanne. "I used the extra $3,680 to buy furniture, and keep some money in savings for a rainy day."Since Meghanne moved in five months ago, her new home has already increased in value, appraising at $205,000 and boosting her equity by $21,000. And the planned close-knit community will soon be even closer when her co-worker moves into the same pocket neighborhood. Meghanne’s looking forward to having an already-made friend as her neighbor – instead of cows.Is it the right time for you to buy a house? Find out by visiting mgic.com/resources/buynow. Plus, follow the stories of other first-time homebuyers and learn from their experiences at readynest.com/homebuyer-stories.
(NewsUSA) – From family gatherings to cookie exchanges, the holiday season is delicious–and can do a number on a typically balanced diet. Whether you want to curb your appetite to avoid over-indulging in tempting treats or need fuel ahead of your holiday shopping marathon, here are some smart-snacking suggestions to make this holiday season your […]
(NewsUSA)"In the Black"by Andrew CeroniThe CIA’s most valued Russian double agents are being methodically assassinated one by one.When the Agency discovers the attacks originate from a Russian top-secret cyberwarfare program called Chernyy Almaz or Black Diamond, a mind-control program, the CIA must respond swiftly to shut down the attacks and extract its top agents before […]
(NewsUSA) – Shopping for school supplies isn’t what it used to be. Sure, kids still need notebooks, binders and pens — but they won’t survive without the latest technology either, namely a computer. According to a recent survey commissioned by HP and conducted by Wakefield Research, computers become a significant part of homework assignments for […]