Not Available for All Buyers
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Lenders regularly publish mortgage rates but they may not be available for all buyers. Even if the person does financially qualify for a loan at a higher interest rate, it will not be the payment that the buyer expected when the contract was negotiated.Imagine that the mortgage payment based… Read More
It Isn’t Final Until It’s Funded
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Mortgage approval isn’t final until it’s funded. Things can change prior to the loan being closed that can affect a pre-approval such as changes in the borrowers’ financial situation or possibly, factors beyond their control like interest rate changes. The benefits of buyer’s pre-approval are definitive: it saves time, money… Read More
Six Reason to Consider Rental Homes
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Single-family homes offer an investor the ability to borrow large loan-to-value amounts at fixed interest rates for long terms on appreciating assets, tax advantages and reasonable control. Some of these characteristics are not available through other investments. Real estate investors call getting a long-term mortgage putting an investment… Read More
What Would You Give?
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Yogi Berra said he’d give his right arm to be ambidextrous. While most first-time home buyers are not going to that extreme, it is interesting to see what sacrifices are being made according to the National Association of REALTORS® 2016 Profile of Home Buyers and Sellers. Forty-percent of first-time buyers experienced some… Read More
Avoid Wasting Time
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“If you waste my time, don’t expect me to hang out with you very long.” This could have been said by a buyer or seller or a real estate agent. Time is valuable and no one wants to waste their time. Your agent is committed to helping you save time… Read More
This is going to be the year
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Every year, it seems like the same things are on the list but this could be the year you really do invest in a rental home. There are lots of strategies that can be successful but a tried and true formula is to invest in below average price… Read More
Facts or Myths
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“It’s impossible to get low down payment loans.” – FACT! FHA down payments are 3.5% and VA is 0%. In some areas, there may be some 0% down payment USDA loans available. FNMA and Freddie Mac have 3% down payment programs. Buyers and Sellers need solid information to make… Read More
Proof of Purchase
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People who experience a property loss are usually asked by their insurance company for proof of purchase which can come in the form of a receipt or current inventory of their personal belongings. The inventory can serve as a guide to make sure a homeowner gets compensated for all the… Read More
Rent or Buy – You Pay for the House You Occupy
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The ironic thing about people who think they can’t afford to buy a home for themselves, end up buying the home for their landlord. There are several facts that support this notion. In most cases, the mortgage payment including taxes and insurance will be lower than the rent tenants… Read More
Boomers Are Staying In-Place
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There seems to have been an accepted progression for homeowners going from starter home, to gradually moving into one’s dream home, then, downsizing after becoming an empty nester and finally, into a retirement home. However, Marianne Cusato’s 2016 Aging-in-Place Report indicates that many older Americans don’t plan on following that… Read More