PURE Blog

Paying a fixed mortgage stabilizes your budget. In popular neighborhoods, rent is likely to rise as the neighborhood becomes more desirable and developed. With a mortgage your monthly payments stay the same, making your monthly budget easier to maintain and follow.

Buying a home costs less than renting over time. Although the monthly payment may be more initially, most mortgages have a fixed rate over the life of the loan meaning that you pay the same amount each month for the duration of the loan. Not only are you paying a monthly payment toward a property that you own unlike paying monthly rent, you are also likely to make a return on your investment during the time that you live at the residence.

Home ownership can be built-in savings account.

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Spring time is finally here! The weather is warming up and so is the housing market. With the return of sunshine comes more open houses, new listings, and more competition. In order to get the dream house in the ideal location, home buyers need to be proactive when house-hunting.

To make the home buying process easier, we asked one of our Progressive Urban Real Estate experts, Mary Hromyko, to share some tips to help when the housing market is competitive and there are multiple offers:

1. Get pre-approved! Let's say you found the home you want, you should already be preapproved for a loan so you're ready to make an offer.
2. Identify your ideal neighborhood. Walk or drive around your desired neighborhood at different times...

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Tremont

Located just southwest of downtown Cleveland, Tremont is a trendy destination with restaurants, cafes, coffee shops, and stores lining the neighborhood main street - Professor Avenue. Tremont is an ideal location for homeowners that want the hustle-and-bustle of the city, as well as unique architecture, and a mix of commercial spaces and residential living. The neighborhood is a frequent choice for arts and food festivals including the Tremont Arts & Cultural Festival in addition to the Taste of Tremont.

Ohio City

Just across the Hope Memorial Bridge to the west of downtown Cleveland, Ohio City is a cultural landmark filled with micro-breweries, restaurants, cafes, gourmet fast food, ice cream shops, boutiques, and the historic West Side Market. This neighborhood is a frequent home to festivals and events including the Ohio City Street Festival. W...

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