SO, YOU NEED A MORTGAGE:

SO, YOU NEED A MORTGAGE:

IS YOUR BANK THE BEST PLACE TO GO? – Part 2

Last time, we presented a few things to consider if you are thinking about financing for your new home. Specifically, should you use a local bank or a Mortgage Banker? It may seem like the logical step is to call your bank. They have your banking accounts and since the Bank has your financial information, the process will be easier. Unfortunately, this is rarely the case. ...

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SO, YOU NEED A MORTGAGE:

SO, YOU NEED A MORTGAGE:

IS YOUR BANK THE BEST PLACE TO GO? – Part 1

You’ve decided to make a move and buy a new home, what’s next? The first step should be to obtain a Pre-Approval Letter. It may seem like the logical step is to call your bank. They have your banking accounts and since the Bank has your financial information, the process will be easier. Unfortunately, this is rarely the case. In fact, it is typically a much ...

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The Only Constant is Change…

The Only Constant is Change…

…and as witnessed over the past 20 years, nowhere is it more evident than in the mortgage industry. Much of it, as with any business, occurs because of the rapid and ever evolving technological advances making the process easier and more efficient.

Enter Government Regulation
But, as rapidly as it happens, the most change we’ve seen in the past years has come from government regulation. Hindsight is 20/20, of course, and looking back at the events leading ...

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Interest Rate Update

Interest Rate Update

Since I last wrote this update back in April, interest rates have been amazingly steady. The Federal Reserve raised short-term rates again in June. That is having a direct impact on adjustable rate mortgages (that are now adjusting), home equity lines of credit, and car loans. The prime rate has now risen from 3.25% in 2015 to 5% today. They have penciled in two more increases this year potentially, which would bring it up to 5 ...

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Divorce & Support Payments…

Divorce & Support Payments…

…When Can You Use it to Qualify for a Mortgage?

As you contemplate and work through a divorce, one of the most important factors to consider is your housing needs in the future. Will you stay in the home that your living in or sell the house and move somewhere else? We can’t overstate the importance of getting with a mortgage professional as you begin to negotiate your marital settlement agreement. There are very specific guidelines revolving around ...

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Having Trouble Getting Your Offer Accepted?

Having Trouble Getting Your Offer Accepted?

It’s no secret, it is a competitive market out there if you are a buyer. Whether you are purchasing a home and have the cash on hand for the down payment or you need to sell your existing home first to use the equity from that property for the down payment on the new home, there are challenges. The key to success is preparation. We have gone out of our way to create tools for you ...

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Three Critical Ways to Protect Your Family

Three Critical Ways to Protect Your Family

Do you have a Will? Certainly not a subject I ever relished discussing…and it appears a lot of people feel the same since somewhere between 55 and 65% of Americans do not have one. If you are in that percentage, I urge you to look into it for yourself. My wife and I were fortunate to have friends who stressed the importance of having one, so after we were married we had a living trust prepared. ...

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Have pets?? Top Tips for Selling Your Home

Have pets?? Top Tips for Selling Your Home

 

Do you have pets as part of your family? When you put your home up for sale you need to be prepared that not everyone feels the same about having pets. Your home is staged so that the potential buyers can “see” themselves living in your home and often that doesn’t include pets. Scheduling a deep cleaning for your home to remove any pet odor is a necessity prior to listing. Here are some things to ...

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Choosing a Neighborhood: 6 Things to Consider

Choosing a Neighborhood:  6 Things to Consider

For many homebuyers, choosing a neighborhood is more important than choosing a house when shopping for a place to live. You can repair, remodel, or renovate a house but there are many things about a neighborhood you can’t change. What should a buyer look for in a neighborhood? This list may change based on your interests, but there are many neighborhood factors that can add value to your home. Remember, it is all about “Location, location, ...

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What if I Wait?: Buying a Home Next Year…

What if I Wait?:  Buying a Home Next Year…

According to the recent Home Price Index Report by CoreLogic, home prices have increased nationally by 6.7% year-over-year. During that same period, interest rates have stayed at near historic lows. This has allowed many buyers to enter the marketplace.

If you are selling your home, your concern is likely to be the short-term price (which is where the values are heading over the next few months). If you are positioned to be a ...

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