What exactly is an ARM? There isn’t any kind of interest rate known as a LEG, at least not as far as I’m aware, but an ARM is an adjustable-rate mortgage. Especially lately, rising interest rates added to increasing home prices are causing the affordability factor of owning a home to be quite the issue […]
Having the right person “champion” for your real estate cause is extremely important in today’s market. After all, there are only 1.7 months supply of inventory compared to 6 months in a balanced market, and the average home is getting 4.8 offers per sale. You see, in the Middle Ages, it was a custom to […]
More than likely you’ve probably heard of CARFAX – it’s a vehicle history report that you can see online or on a car which give the complete history. You can learn hidden problems from them, and it can assist you with avoiding hidden costly problems when it comes to purchasing a car. Let’s face it […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
