Costs More – Takes Longer

Tuesday, April 24th, 2018

The one experience that homeowners can agree upon after completing a remodeling project is that it costs more and takes longer than expected. It doesn’t really matter that you researched, planned, and received multiple bids, it will, invariably, cost more and take longer than you originally anticipated. Now, a homeowner is faced with dealing with […]

Waiting Period After Distressed Sale

Thursday, April 19th, 2018

“How long do we have to wait to qualify for another mortgage” is the question concerning people who’ve had a foreclosure, short sale or bankruptcy.  The loan types for the new loan will differ in amounts of time to heal credit scores based on the event.   A recommended lender can give you specific information […]

Case Study – Housing Decision During Retirement

Wednesday, April 18th, 2018

A couple is planning to tour the United States in a travel trailer during their first few years of retirement. They are going to sell their current home now and purchase another home when they finish their travels. If they intend on traveling for more than three years, then, it may be a good decision […]

FHA Advantages

Wednesday, April 11th, 2018

FHA Advantages The Federal Housing Authority, operating under HUD, offers affordable mortgages for tens of thousands of buyers who may not qualify for other types of programs. They are popular with both first-time and repeat buyers. The 3.5% down payment is an attractive feature but there are other advantages: Finding the best mortgage for an […]

Waiting Will Cost More

Tuesday, April 10th, 2018

With the first quarter of 2018 in the books, the 30-year fixed rate mortgage is nearing what Freddie Mac predicted it would be in the second quarter. If this pace continues, rates will exceed the five percent mark expected by the end of the year. Delaying the decision to purchase or refinance could be an […]

Inventory Continues to be a Challenge

Monday, March 12th, 2018

In any given market, inventories fluctuate based on supply and demand considering area and price range. The National Association of REALTORS considers a balanced market to be a six-month supply of homes. The inventory of existing homes has been reduced to approximately 1.5 million houses which is 10.3% lower than a year ago. According to […]

Your Refund Could be the Difference

Friday, March 9th, 2018

One of the silver linings to filing your income tax return is finding out that you are going to receive a refund. If you happen to be one of these fortunate taxpayers, your next decision is what to do with it. With the average tax refund around $3,000, it could be the difference that makes […]

Fair Skies on Horizon

Monday, February 26th, 2018

Buyers who have been concerned about what might happen to the tax laws affecting home ownership should feel more comfortable about moving forward with their decision to purchase. The 2017 Tax Cut and Jobs Act passed by Congress and signed by the President continues to treat real estate as a favored investment. Reasons to buy […]

Historical Perspective

Monday, February 19th, 2018

In 1968, mortgage rates were 8.5%. The next year, rates went down to 7%. Homeowners could buy a 15-20% larger home for the same payments if they could find someone to assume their mortgage. In October 1981, mortgage rates reached 18.63%. A $250,000 mortgage had a monthly principal and interest payment of $3,896.46. As astronomical […]

The “Right” Agent and the “Right” Home

Monday, February 12th, 2018

Some buyers think that finding the right home is the critical part of the buying process and that is how they determine which agent to use. While it is important, there may be a broader skill set to consider when selecting your real estate professional. Helping to negotiate the price and terms of sale were […]