Is your Mortgage Rate over 3.500%?

Refinancing your mortgage means replacing your current mortgage with a new loan. The most common reasons why owners refinance are to lower their interest rates and lower their monthly payments. However, homeowners may refinance for a variety of reasons, such as wanting to change the terms of the loan, using their home’s equity to makeContinue reading “Is your Mortgage Rate over 3.500%?”

Proactive Buyers help escrow close on time!

Maybe it’s not the most fascinating topic of the day. If you’re buying a home, however, and that “time is of the essence” phrase on the purchase agreement is really applied, how easily and quickly your escrow closes is indeed the kind of thing that can keep you up at night. No one likes aContinue reading “Proactive Buyers help escrow close on time!”

If you can afford to Rent, Then you can afford to Buy!

If You Can Afford to Rent…Then You Can Probably Afford to Own. Interest rates are near historic lows. Purchasing power has increased, and the cost of renting in many areas is now greater than the cost to buy. Some say mortgage loans are impossible to obtain without perfect credit and 20% down. Want the truth? ReadContinue reading “If you can afford to Rent, Then you can afford to Buy!”

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 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??”

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”

Feds leave rates unchanged

The Federal Reserve left borrowing costs unchanged, continuing to delay any rate moves amid persistently low inflation. The U.S. central bank voted unanimously Wednesday to maintain its benchmark interest rate in a range of 2.25 percent and 2.5 percent, a move that many anticipated despite stronger-than-expected growth in the first quarter of 2019 and anContinue reading “Feds leave rates unchanged”

1% increase in mortgage rates will cost you $50k in Buying Power!

We have seen mortgage rates as low as 3.250% in Fall of 2016 to a high of 5.25%  in October 2018.  We have to readjust our purchasing power and how these rates can affect how much we can afford for a home.  This means going to your lender and having your “Pre-Approval” updated to reflect the currentContinue reading “1% increase in mortgage rates will cost you $50k in Buying Power!”