In the case of a divorce, it’s very common for the spouse who keeps the home to remove the other spouse from the loan. In a similar situation, it’s also equally common for a first-time home buyer who doesn’t have enough income to qualify to ask a parent or relative to co-sign – that person […]
We’re just going to start this off with an assumption. Let’s assume that you have owned your home for several years. Because you’ve had it for so long, it’s increased in value, not to mention the unpaid balance is considerably less than you originally borrowed. To put all that into easier terms – you have equity […]
It isn’t much of a secret that home appreciation has quite dramatically increased over the past two years. With that increase, most homeowners have equity. Quite often, a common way to release part of that equity is a cash-out refinance, however not all homeowners are currently eligible. First off – what is it? A cash-out […]
Is it possible to receive multiple offers? Based on our current competition, yes, it is definitely possible to receive multiple offers. Multiple offers means two or more parties may be trying to buy your home at the same time. Because of the increased competition currently, they may increase the purchase price, remove unnecessary contingencies and […]
If you were ever involved in Boy Scouts (or have a child who was involved), you may have heard of a certification called a Totin’ Chip. It’s a Boy Scout requirement to earn this certification, and gives you the use and safety rules of using wood tools such as an axe, knife, and a saw. […]
When it comes to selling your home, trial and error can sometimes (if not many times) be a factor. When a home sale is most successful, the process maximizes the seller’s proceeds in the shortest amount of time possible with the least amount of inconveniences. And, as all of us know, inconveniences happen. So, here […]
Home staging – have you ever thought of it from a home stagers’ point of view? Well, here’s a little story. Recently, a very well-known professional home stager decided to sell the 4,000+ square foot home where she lived with her husband. This home was very well-maintained, and really by most standards would have sold […]
If you’re a tenant – hearing the words “rent is going up” is more than likely not something you want to hear. However, if you’re an investor, that phrase really is music to your ears. A recent study performed by CoreLogic known as the Single-Family Rent Index, April 2021 showed a 5.3% increase in national […]
Homeownership is a cycle – think of it almost like a circle. All around the circle are items such as an apartment building, finances, things that are simply helping you work towards that goal of homeownership. Then, the middle of the circle is a larger home – the goal if you will. You may want […]
I’m sure you’ve heard the famous saying “money doesn’t grow on trees”. Some homeowners unfortunately in this past year wish it did, when they couldn’t make their mortgage payments due to COVID-19. Then, they were relieved when they found out that their mortgage lender or service provider allowed them to temporarily pause or possibly even […]
