The highest possible sale price can be achieved by making needed updates and repairs to a home before it’s placed on the market. There was a story once, told by another agent, of a home that was structurally sound being on the market, but it needed significant cosmetic work, like paint, floorcovering, updated fixtures, and […]
According to CoreLogic’s Homeowner Equity Insights, Americans have seen the equity in their homes increase by 29.3% year over year in the fourth quarter of 2021. The average home equity during that time period was a whopping gain of $55,000. This increase is a fuel that homeowners are experiencing. A fuel which is a large […]
Looking for an alternative to paying higher, current rates? This could benefit buyers with lower closing costs while saving money on the payment. Your alternative could be existing FHA and VA mortgages – they’re assumable at the note rate to owner-occupied buyers who qualify. For the last 20 years, rates have been steadily coming down […]
We’re not talking about your “arm” – we’re talking about an adjustable-rate-mortgage. See, an adjustable-rate mortgages just simply is not the right choice for many homeowners – especially if they plan to own the home for a long time. As a stat, less than 3% of buyers choose an adjustable-rate mortgage according to NAR’s 2021 […]
You may possibly be in a whole generation of people that have never known what a normal mortgage rate might be. And, that would be because mortgage rates have been kept artificially low by the Federal Reserve since 2010. Not to mention, most of the rest of adults here in the U.S. have forgotten what […]
Without the consideration of income or an investment property – buying a home to live in is a very very powerful way to build wealth or financial net worth. You see, a home is an asset measured by the size of the equity. What’s equity you may ask? You’ve probably heard that word before. Equity is […]
Let’s talk about mortgage payments. Some common ways to lower your mortgage payment are to make a larger down payment and to improve your credit score. Improving your credit score is especially important when you’re applying for a mortgage. Here’s another way to lower your payment – buy down the interest rate for the life […]
Inflation is a word that seems to be worldwide these days. There’s a big concern in regards to inflation – including inflated prices on our gas, food, necessities and yes, you guessed it, rent. Assets, such as your home or your car, become more valuable over time. During periods of inflation, your home is a […]
We should probably start this with “what exactly is an APR?”. An APR is an “Annual Percentage Rate”, and is a calculation to accurately reflect the cost of the mortgage considering the note rate of interest, financing fees and charges based on the term of the mortgage. APR calculates the interest rate and loan fees […]
Whether you’ve never sold your home, or you’ve moved multiple times, you may have never stopped to think about what goes into the process of selling. There is more to selling a home than you might think. More than likely, you may be under the assumption that your home will sell itself currently because, nationally, […]
