Can you answer Yes to any of these questions??

If you or someone you know can answer Yes to any of these questions, we should talk!! Paying PMI (private mortgage insurance) Have an Adjustable Rate Mortgage Credit Card Balances over $10,000 Need cash for renovations to your home Have a First and Second mortgage to combine Your Home Equity Line of Credit keeps goingContinue reading “Can you answer Yes to any of these questions??”

How does refinancing save homeowners money?

Question: How does refinancing save homeowners money? There are two categories of refinancing, “rate-and-term” and “cash-out.” Both can save you money. The first type, rate-and-term, replaces your existing loan with one that has a better rate and/or terms. You might replace an ARM or balloon loan with a fixed-rate loan, for example. Or you mayContinue reading “How does refinancing save homeowners money?”

Does it make sense to waive a Home Inspection to strengthen an offer?

Okay. It may sound bureaucratic and boring. But there are a number of precautionary contractual conditions for any purchase agreement recommended by the Realtor community that protects homebuyers from liability as well as poor decision-making. And no matter how competitive the bidding for a home, they’ll advise you to include them. One of them isContinue reading “Does it make sense to waive a Home Inspection to strengthen an offer?”

Knowing the difference between a buyer’s and seller’s market is a good idea

There is one verse missing from the famous and well-worn song Turn, Turn, Turn written by the Byrds back in 1962. The one that should be added is “there is a time to buy, a time to sell…” Realtor’s Terri Williams likens it to a card game (which was also a song) about knowing “when to hold ‘emContinue reading “Knowing the difference between a buyer’s and seller’s market is a good idea”

As-Is; What does it really mean in a Real Estate transaction?

When Billy Joel wrote the song Just the Way You Are, it wasn’t about buying a house. It would be too unromantic to say, “I’ll take you as is.” But that’s what many sellers are stipulating when they list their homes. Those few words can have a significant impact on your transaction if you are theContinue reading “As-Is; What does it really mean in a Real Estate transaction?”

10 Tips for First Time Homebuyers

10 Tips for First-Time Homebuyers Are you a renter with a secure source of income? Is your credit history good? Do you plan to stay in the same area for at least the next four years? If you answered yes to those questions, welcome to the housing market. It might be time to stop thinkingContinue reading “10 Tips for First Time Homebuyers”

What rates are the Fed’s adjusting?

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desireContinue reading “What rates are the Fed’s adjusting?”

Let’s Talk Credit: Understanding your Credit Score

Did you know? FICO is an acronym for Fair Isaac and Company. In the 1950’s, Fair Isaac and company created the mathematical calculation that is used to determine your credit score.  It is a tool that was designed to determine one’s credit score and dependability in paying bills. The terms credit score and FICO scoreContinue reading “Let’s Talk Credit: Understanding your Credit Score”

What affects your credit?

Did you know that a large portion of your mortgage approval and mortgage rate are based on your credit scores.  In today’s market, it is now more important than ever to pay attention to your credit scores as well as the balances you keep. Credit scores were developed by Fair Isaac and Company (FICO). TheContinue reading “What affects your credit?”

10 Things to do before listing your home

 To help make the selling process easier for you, it makes sense to have your home inspected before listing it.  It may sound like a hassle but it could save you a lot of money and stress early on.  The inspection will pinpoint red flags and areas that have potential problems.  It also gives youContinue reading “10 Things to do before listing your home”