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Consider Interest Rates

High-interest rates make home-buying more expensive. A lender’s interest rate dictates the amount of money you will pay during the life of a mortgage. Although existing economic situations determine interest rates, always go for a lender with comparatively low rates. Some lenders have high rates and high-pressure sales tactics. We advise you to shop around if you feel a “hard sell” coming on.

Verify the License and Check the NMLS

This point may seem obvious, but you would be surprised how often a lender is not licensed in your State. In addition, you can check the Nationwide Multistate Licensing System / Nationwide Mortgage Licensing System and Registry or NMLS. This database lets you see if your Lender has been punished or fined for improper lending activities.

Assess Reliability

You may be dealing with your Lender for many years to come. Just as you would read reviews and testimonials on any other company you are considering selling with, you should do the same for a lender. Other people’s experiences with them may help you decide if they are the right Lender for you.

Analyze Loan Terms With Your Lender

A suitable Lender will walk through any questions you have and explain all the details of the loan terms. At CMG Lending, we believe educating our clients on their loans is our first job. Understanding your loan terms is the only way to ensure you get a fair deal.

Check Loan Type and Expertise

Most lenders will offer very similar products. The nature of Mortgage Lending today allows most lenders to provide all products. But the Lender’s expertise and the individual loan officer’s expertise may vary widely. You can tell if your loan officer has experience with the loan you need with a quick, 15-minute conversation.

In Conclusion

Choosing the right lender is a crucial step in the home-buying process. By carefully assessing these factors and comparing different mortgage proposals, you can make an informed decision and select a lender who has your best interests in mind. Remember that buying a home is a significant investment, and choosing the right lender can make a substantial difference in your financial well-being and overall homeownership experience.


In the Long Run: Owning a Home vs. Renting

In the long run, owning a home is still cheaper than renting, even though the gap between homeownership and renting is
closing in some areas across the United States. However, it’s essential to recognize that the cost variations in renting
and homeownership can be entirely different from state to state and even from city to city. For example, it is 5% cheaper
to purchase a home in Honolulu, Hawaii, and 43% cheaper in Denver, Colorado. This means that the decision to rent or buy
should be carefully evaluated based on the specific location and local real estate market conditions.

Renting or Buying: Weighing the Pros and Cons

Renting a home provides a certain level of flexibility, allowing you to explore different neighborhoods or cities before
making a long-term commitment. It can be a suitable option if you’re uncertain about your future plans or if your job
requires frequent relocations. Additionally, renting often includes maintenance and some utilities in the rental price,
providing financial relief from unexpected home repairs. On the other hand, purchasing a home offers stability and can be a valuable long-term investment. As you make mortgage
payments, you build equity, which can be used for future expenses or even as collateral for loans. Homeownership can also
provide a sense of pride and freedom, allowing you to customize and modify your living space to your liking without
restrictions from a landlord. Furthermore, owning a home can serve as a hedge against inflation and provide potential tax
benefits, depending on your country’s tax laws.

Considering the Financial Implications

Before making a decision, it’s essential to consider the financial implications of both renting and buying. Renting
typically involves less upfront costs, making it more accessible to those with limited savings or lower credit scores.
It’s also a suitable short-term option for those who prefer a predictable monthly expense without the worry of property
market fluctuations. On the other hand, buying a home requires a more significant upfront investment, including the down payment, closing
costs, and potential ongoing expenses such as property taxes, insurance, and maintenance. However, in the long term,
homeownership can often be more cost-effective, especially as rental prices rise over time, and mortgage payments remain
relatively stable.

The Emotional Aspect

Apart from the financial aspect, emotions and personal preferences also play a significant role in the decision-making
process. Owning a home is often associated with a sense of accomplishment and pride, as it represents a significant
milestone in many people’s lives. It provides a place to put down roots, build a community, and create lasting memories.
On the other hand, renting may suit those who prioritize flexibility, as it allows for easier mobility and less
commitment to a particular location.

Seeking Professional Advice

Given the complexity of the decision, it’s wise to seek advice from financial advisors, real estate agents, or other
professionals who can provide personalized insights based on your specific circumstances. They can help you assess your
financial readiness for homeownership, evaluate the local housing market, and determine the long-term financial
implications of each option.


In conclusion, the decision to rent or buy a home involves careful consideration of various factors, including
financial readiness, lifestyle preferences, and local market conditions. While renting offers flexibility and reduced
maintenance responsibilities, owning a home provides stability, potential equity growth, and a place to call your own.
Ultimately, there is no one-size-fits-all answer to the buy vs. rent dilemma, and what might be the best choice for one
person may not be ideal for another. By carefully evaluating the pros and cons of each option and seeking professional
advice, you can make an informed decision that aligns with your goals and enhances your overall financial well-being.



A man in front of a computer making a mistake

The Life Stress Inventory by Holmes and Rahe

The Life Stress Inventory, developed by Holmes and Rahe in the 1960s, is a tool that assigns stress values to various life events. These stress points indicate the potential impact of each event on an individual’s overall stress level. Accumulating stress points from different events can provide insights into a person’s stress levels, with a score over 100 suggesting a risk of severe stress.

The Stressful Nature of Buying a Home

Buying a home is ranked as the twenty-eighth most stressful event on the Holmes-Rahe list, with 28 stress points. However, the stress associated with purchasing a home is often compounded by other life events that may occur simultaneously.

Multiple Stressful Events Accompanying Home Buying

Various life events commonly coincide with the process of buying a home, each contributing stress points to the overall experience. Some of these events include:

  • Getting a Mortgage (31 points)
  • Son/Daughter Leaving for College (29 points)
  • Divorce (73 points)
  • Marriage (50 points)
  • Pregnancy (40 points)
  • Retirement (45 points)
  • Having a Baby (39 points)
  • Promotion (28 points)
  • Graduation from University (26 points)
  • Christmas (12 points)

Coping with Multiple Stressful Events

When dealing with a cluster of stressful events related to home buying, it is essential to recognize and address the stress they may cause. The following strategies can help in managing stress during this time:

Acknowledge the Stress

Recognize that home buying can be a challenging and stressful experience, leading to frustrations, anxiety, and disagreements. It’s crucial to understand that such feelings are normal during this process.

Understand Your Buying Style

Identify whether you are an emotional buyer or a practical buyer. Understanding your buying style can help you manage stress and make more informed decisions. Emotional buyers should be cautious of impulse purchases, while practical buyers should avoid overthinking to the point of missing out on opportunities.

Seek Support from Trusted Professionals

Working with reliable professionals, such as a real estate agent and lender, can ease the complexity of the home buying process. Trusting their guidance and expertise can alleviate stress and provide reassurance.

Embrace Honesty

Being transparent and upfront with your real estate agent and lender is essential. Dishonesty can lead to unexpected challenges and delays. Facing the truth, even if it might cause temporary stress, is better than concealing important information.

Find Joy and Have Fun

Despite the stress, finding ways to enjoy the journey can significantly reduce overall stress levels. Keeping a positive perspective and embracing moments of joy can make the process more manageable and rewarding.


By acknowledging the potential stressors and employing coping strategies, individuals can navigate the challenges associated with buying a home more effectively. Understanding that stress is a normal part of the process and seeking support from trusted professionals can contribute to a smoother and more enjoyable home buying experience.


Realtor handing over keys to a home

Is the Realtor Licensed?

All realtors are required to be licensed by the state that they work in. Valid and trusted realtors should be
registered members of the National Association of Realtors.

Is Selling Real Estate a Hobby?

Purchasing a house is a major investment for your family, and you want to ensure that your realtor is a
professional at what he or she does. If selling homes is more of a hobby for them, then they may not be the right
realtor for you.

Is the Realtor in Good Standing?

Check to see if the realtor you have chosen is in good standing with their license. In Colorado, you can do this
simply by going to the Department of Regulatory Agencies website. Here you can check for disciplinary cases or
complaints against the realtor.

Are They Experienced at What They Do?

A seasoned realtor is good at negotiating and striking deals with other brokers and in predicting market shifts;
all of these qualities play to your advantage. Experienced realtors know the ups and downs, know the market
patterns, can tell a good deal versus a not so good deal within minutes, and can negotiate with the best of them.
This is someone you want on your side, so knowing their experience can help you make an informed decision on
whether they are the right realtor for you.

Are References Available?

Ask if they can provide you with references of past clients and then actually check in with these references. You
may learn that the realtor is the best in the area, or you could find that this realtor is pushy and just tries to
seal a deal.

Who Pays Who For What?

Most realtors charge a percentage and are paid only after closing, typically as part of the closing costs. In most
cases, the buyer doesn’t even have to pay a realtor; it is the seller’s responsibility. Determine how much the
realtor charges and when payment will be made to them before you start working with the realtor and, most
importantly, who will be paying. This will help alleviate any sudden financial surprises. Choose a Realtor that
you feel you can trust; after all, you are entrusting them to help you with one of the biggest decisions of your

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