January 24, 2025

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Landy Liu

Foyer unlocks $6.2M to help people save up to buy homes

Today, we're excited to announce our Seed funding! With this funding, we’re committed to further investing in our product to build the best platform for homebuyer preparedness and save aspiring homeowners more money on their home purchases. Over the next few years we will have three core product focus areas to provide 1. Confidence, 2. Savings, and 3. Education to the next generation of homebuyers.

January 23, 2025

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McKenzie Hagan

Condo vs. House: Navigating Your Ideal Home Ownership Journey

Choosing between a condo and a house is one of the most significant decisions in your real estate journey. Each option presents unique advantages and challenges that can dramatically impact your lifestyle, finances, and long-term investment potential. This comprehensive guide will break down every crucial aspect of condo and house ownership, helping you make an informed decision that aligns with your personal and financial goals.

January 15, 2025

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McKenzie Hagan

The Complete Guide to Mortgages: From Application to Payoff

In today's real estate market, understanding mortgages is essential for anyone looking to buy a home. This comprehensive guide will walk you through everything you need to know about mortgages, from the initial application process to making your final payment. Whether you're a first-time homebuyer or looking to refinance an existing mortgage, this guide will help you navigate the complex world of home financing.

January 14, 2025

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McKenzie Hagan

What the US Can Learn from Canada's First Home Savings Account (FHSA): A Comprehensive Analysis

As housing affordability continues to challenge first-time homebuyers across North America, Canada's introduction of the First Home Savings Account (FHSA) in April 2023 offers valuable insights for US policymakers considering similar initiatives. This analysis examines the successes, challenges, and early lessons from Canada's FHSA rollout, providing crucial takeaways for potential US housing policy reforms.

January 10, 2025

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McKenzie Hagan

Your Guide to Down Payment Assistance Programs in 2025

In 2025's housing market, the down payment often represents the most significant hurdle to homeownership. While home prices on the rise and interest rates well above pandemic-era levels and this challenge can feel daunting, there are over 10,000 down payment assistance (DPA) programs that exist to help aspiring homeowners achieve their goals. This guide will walk you through the available options and help you understand how these programs can support your path to homeownership.

January 8, 2025

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McKenzie Hagan

Building Credit for Your Dream Home: A Complete Guide

Planning to purchase a home? Your credit score plays a crucial role in the mortgage approval process. Here's a comprehensive guide to building and maintaining strong credit as you prepare for homeownership.

January 7, 2025

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McKenzie Hagan

How Much Can A First Time Homebuyer Borrow?

If you're planning to buy your first home, understanding how much you can borrow is a crucial first step after saving for a down payment. While many first-time buyers hear they can borrow 2.5-3x their annual income, the reality is more complex and often more generous. Let's explore how much you might be able to borrow and ways to maximize your buying power.

January 2, 2025

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McKenzie Hagan

How Much Home Can You Afford On An $85K Salary?

Buying a home is a significant milestone, and understanding what you can afford is crucial to making an informed decision. If you make $85,000 per year and are considering a down payment of 5%, you'll need to factor in your Debt-to-Income (DTI) ratio to determine the price range of a home you can comfortably afford. In this article, we'll break down how to calculate your home affordability and ideal home price, taking into account a 35% DTI ratio and a 5% down payment.

December 30, 2024

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McKenzie Hagan

How Much Do You Need To Make To Buy A $250K House?

Considering a $250,000 home and wondering if you can afford it on your current salary? This detailed guide breaks down the exact financial requirements, strategic insights, and income calculations for purchasing a home at this accessible price point.

December 27, 2024

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McKenzie Hagan

Can You Afford a $600K Home? A Full Financial Breakdown

Dreaming of a $600,000 home but not sure about if your income can support it? This in-depth guide breaks down the precise financial considerations, income needs, and strategic insights for purchasing a home at this premium price point.