What is Earnest Money?

Earnest money is a money deposit made by a buyer to a seller as a sign of good faith that you are seriously interested in buying a home.  This earnest money is credited to the down payment at closing.  It is held in a non-interest bearing trust account until the time of closing. Typically, theContinue reading “What is Earnest Money?”

The Do’s: Home Buying Process Made Easier

Last month I talked about The Don’ts: Home buying deal killers, the things that can negatively affect your mortgage approval process.  There was a very extensive list of don’ts but as you can see from a quick glance below….The Do’s list is quite a bit smaller.  Although this list is smaller, the following are essentialContinue reading “The Do’s: Home Buying Process Made Easier”

FHA to Increase Fees Once Again…

Effective April 1st…funny April Fool’s joke….NOT!  FHA announced this past Monday that the cost of government-insured mortgages will increase slightly for some new homebuyers.  The rise in up-front fees on mortgages was deemed necessary to build up dwindling capital. FHA is increasing what is known as the Upfront Mortgage Insurance Premium “Upfront MIP” from 1.00%Continue reading “FHA to Increase Fees Once Again…”

Mortgage Rates Go Up?

So, you’ve probably heard in the news….rates are at historic lows and that the government extended the payroll tax cut.  Do you have idea how they relate to each other and how they ultimately affect you?  Check out the KCM Blog below to find out the details. The KCM Blog: Two Things You May HaveContinue reading “Mortgage Rates Go Up?”

Memorial Day, The True Meaning

Memorial Day is a day of remembrance of those who have died serving our country.  General John Alexander Logan ordered the Memorial Day holiday to be observed by decorating the war dead.  The day became known as “Decoration Day” because of the practice of decorating soldier’s graves with flowers. In 1971, Memorial day was declaredContinue reading “Memorial Day, The True Meaning”

Homebuyer Turnoffs: 6 Mistakes Sellers Must Avoid

Now more than ever with so many homes on the market for sale, the seller must take action to ensure their house stands out from all the rest.  Avoid these six mistakes that are potential turn-offs for buyers which could lead to losing a sale.        Mistake #1 – No listing photos Many buyersContinue reading “Homebuyer Turnoffs: 6 Mistakes Sellers Must Avoid”

The Final Walk-Through

I am not a real estate broker but I have been around this business long enough to know, the last thing you do prior to a closing is the Walk-Through.  This typically takes place the day before or the morning of the Closing.  To ensure that the home is presentable, broom clean and that noContinue reading “The Final Walk-Through”