Category Archives: Home Buyer Tips

Wait More Pay More

Freddie Mac predicted it and it is happening. We are past the first quarter of 2018 and the 30-year fixed rate mortgage is going up. The rates will exceed the 5 percent, if this pace continues, by the end of this year. The first of an expected three raises in rates by the Fed has […]



Remove PMI to Lower Your Expenses

Private mortgage insurance is usually required on mortgage loans for more than 80 percent loan-to-value. If a borrower defaults on their loan, mortgage insurance will reimburse the lender. You need to be aware that when certain conditions have been met, expensive PMI can be removed. When your mortgage balance has reached 80 percent of your […]


Benefits to Short Term Mortgages

Considering refinancing? Buying a new home? It maybe worth discussing a 15-year loan instead of a traditional 30-year mortgage. Monthly payments will be higher but your interest rate will be lower and your equity will climb faster. Below I have provided an example for comparison on a $300,000 mortgage with two terms. One 30-year term […]


Down Payment Problem – Are You Sure?

Each year the National Association of Realtors publishes the Home Buyers and Sellers Generational Trends Report. In their latest report, they state that although Millennials are becoming the largest home buying group (34%) they are facing the difficulties of rising rents, rising home prices, student loan debt and flat wages. Today’s would-be buyers feel they […]


Need a CLUE?

It has nothing to do with the table game where you search for a murderer, but you need to get a CLUE report. This report details the insurance claims submitted on your home and car over the past five to seven years. C.L.U.E stands for Comprehensive Loss Underwriting Exchange. CLUE is a database used by […]


Be Tall Enough

Remember when you were a young child, at an amusement park waiting in line to ride a most exciting ride and then you see the sign “you must be this tall to ride” and find out you don’t measure up? The disappointment and embarrassment you felt helped you decide that you didn’t want that to […]


Would-be Buyers with Student Loan Debt

According to the National Association of Realtor’s Aspiring Home Buyers 2017 profile, 59 percent of non-homeowners do not feel comfortable taking on a mortgage when they have student loan debt. Estimates claim that today’s college graduates average around $37,172 in student debt and that 39 percent of non-owners have student loan debt. Major player, Fannie […]



Would-be buyer to should-be buyer

Owning a home can be an emotional investment for some would-be buyers. They want to have a place to raise their family,enjoy gatherings and feel secure and safe. Other buyers may be more interested in lowering their costs of housing or building equity. No matter what your motivation is we can easily justify that now […]