10 Tips for First Time Homebuyers

1.  Be picky, but don’t be unrealistic.  Your first home may need a little work, some paint, carpet and perhaps some other updates.  Remember, this is your first home and the first step in investing in your future. Don’t avoid a home because it has bright pink walls or ugly floors.  Do avoid a homeContinue reading “10 Tips for First Time Homebuyers”

So…What happend to Mortgage Rates??

As we have learned…The Fed, The Economy and Wall Street are very similar to the weather here in New England, just wait 5 minutes and it will be different. In this case it was a True Nor’ Eastah!! The Fed, which can be a love hate relationship, has a strategy that has been open-ended, itContinue reading “So…What happend to Mortgage Rates??”

National Open House Weekend April 20 and April 21, 2013

Did you know it is National Open House Weekend?  The National Association of Realtors is expecting to sell almost 10% of the current inventory. With lots of homes on the market and great low rates, this spring market is turning out to be fantastic!  This weekend real estate agents from around the area will beContinue reading “National Open House Weekend April 20 and April 21, 2013”

You do know the Valentine’s Day Legend??

The Legend of St. Valentine The history of Valentine’s Day–and the story of its patron saint–is shrouded in mystery. We do know that February has long been celebrated as a month of romance, and that St. Valentine’s Day, as we know it today, contains vestiges of both Christian and ancient Roman tradition. But who wasContinue reading “You do know the Valentine’s Day Legend??”

Is the Economy Stalling again?

Bill’s Bottom Line:  Now is a great time to consider refinancing your current mortgage to avail yourself with extra cash.  By having extra cash, the consumer will continue to spend money on other items thus helping the economy to recover. U.S. economy moving sideways again.  Momentum unlikely to pick up much in third quarter ByContinue reading “Is the Economy Stalling again?”

U.S. Mortgage Rates Decline, With 30-Year at a Record-Low 3.56%

Check out this Bloomberg article!  NOW IS THE TIME TO BUY OR REFINANCE!! U.S. mortgage rates dropped, with 30-year loans reaching a record low for a fourth straight week, amid signs of improvement in the housing market. The average rate for a 30-year fixed mortgage fell to 3.56 percent in the week ended today, theContinue reading “U.S. Mortgage Rates Decline, With 30-Year at a Record-Low 3.56%”

SELLERS: 5 Musts for Generating Multiple Offers

Selling your home?  Interested in getting multiple offers on your home?  Check out this article from Trulia blogger Tara. As you might have heard by now, multiple offers are the new black. Well – kind of; if your own home is on the market or soon to be, it can seem like you break yourContinue reading “SELLERS: 5 Musts for Generating Multiple Offers”

FHA Streamline Refinance

Do you currently have an FHA mortgage?  And has it not made sense to refinance because of the High Mortgage Insurance Premiums?  Well, FHA just announced that it is going to reduce the Mortgage Insurance fees for current FHA mortgage holders.  But before you get excited, there are some rules to follow. You must haveContinue reading “FHA Streamline Refinance”

Appraisals

An appraisal is a detailed valuation of your home comparing it to other similar homes in your neighborhood in order to find the true value in dollars of your home.  A property owner may have an appraisal made of a specific property to: determine a reasonable offering price in a sale determine the value atContinue reading “Appraisals”

Mortgage Rates: Can They Go Down Even More?

Good Morning!  It’s the start of another great week in the lending world.  Check out what is going on in the market this week! This Week in Mortgage Rates; The Treasury will auction $99 Billion of notes beginning Tuesday through Thursday. The 10 year note yield fell to 1.70% last week, a key resistance levelContinue reading “Mortgage Rates: Can They Go Down Even More?”