Take the emotion out of buying a home using good business sense

There is a good deal of emotion wrapped up in buying a home. Determining where we will spend the most intimate as well as memorable moments of our lives is no small decision. And it is no doubt one of the biggest investments most of us will ever make. Removing emotion is no easy task.Continue reading “Take the emotion out of buying a home using good business sense”

5 Indicators of Where the Market’s Headed

5 Leading Indicators to Gauge Where The Real Estate Market Is Heading There are several key indicators that may predict what to expect in the weeks and months ahead. Instead of relying solely on the more sluggish statistics of home sales and pending contracts, knowing the following info will give you a much clearer perspective onContinue reading “5 Indicators of Where the Market’s Headed”

Can you still purchase and negotiate a home during this time?

3 Key Things To Know When Purchasing        Property In A Pandemic While the ongoing pandemic has created a lot of uncertainty within industries and households alike, one thing is for sure: Over the last couple months, the entire world has shown an astonishing ability to adapt and get things done. Technology (ex.Continue reading “Can you still purchase and negotiate a home during this time?”

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?”

Before Putting Your Home on the Market

Documents you will need Deed If you have right of ways, deed restrictions or easements get the documentation that clearly spells out the restrictions of the property. Know if you are in a flood plain – FEMA’s website can be helpful. Go to the Town Hall: Field card at the assessor’s office Get your mostContinue reading “Before Putting Your Home on the Market”

Can I give you a Piggy Back?

Whether you call them Piggy Back Loans, Blended Mortgages, A first and second, 80-10-10, these loans are extremely helpful in avoiding Private Mortgage Insurance (PMI). When you have less than 20% to put down on a home, you are charged Private Mortgage Insurance, this added cost is based on the actual down payment as wellContinue reading “Can I give you a Piggy Back?”

Is It Impossible to Get a Mortgage Loan?

Is It Impossible to Get a Mortgage Loan? The Challenges: With the numbers of recent foreclosures, lenders are having to re-purchase defaulted loans, often for minor technicalities. Losses incurred by some companies have forced them out of business. As a result, not only have lending rules tightened, but underwriters are also being forced to followContinue reading “Is It Impossible to Get a Mortgage Loan?”

What’s the Point?

Unless you have bought a home, you probably haven’t heard the term point or mortgage point.  Or maybe you have heard the term but don’t quite know what it means.  Having a general knowledge of what a point is and how it works can help you to make important financial decisions when buying a home.Continue reading “What’s the Point?”

Apply for a Mortgage with Bill Nickerson

Hi, My name is Bill Nickerson and I am a Senior Loan Officer with PHH Home Loans. A company that started back in 1946.  I have been providing residential mortgages since 1991. One of the steps in preparing yourself for home ownership is to obtain an approval from your lender or bank.  This process involves fillingContinue reading “Apply for a Mortgage with Bill Nickerson”