Monthly Archives: August 2023
Buyer’s “Love Letters” – Should You Read Them When Selling Your Home?
Selling a home can be an emotional experience. As the seller, you want to make sure that the buyer loves the home as much as you do and will take care of it. In other words, you’re looking for the perfect buyer with the perfect offer. Home buyers understand this, and in the recent seller’s... Read More
Home Values Have Gone Up – Can You Drop Your Mortgage Insurance?
Everyone is looking for ways to save money these days. With rampant inflation and soaring energy costs, everything is costing more than it was a year ago. The good news is that in most areas, home values rose along with everything else, and many homeowners have unrealized wealth sitting in their property. While it may... Read More
Looking for a Mortgage? It Might be Time to Review Your Resume
When evaluating a potential borrower, lenders consider a number of factors. You already expect to produce a good FICO score, proof of income, and a reasonable downpayment, but have you reviewed your resume? A crucial aspect of loan approval is your employment and employment history – your resume. Your employment history provides lenders some insight... Read More
5 Modern Details to Update Your Traditional Living Room
The New Year is here and as soon as the holiday decorations are stored, it’s time to revive the living room space. New Year, new beginnings; your home is ready for an update just like you! Fortunately, you can get a fresh look for your living room without major changes or breaking the bank. Here... Read More
Prioritizing Lifestyle Amid Rising Interest Rates
The real estate market has changed over the past year. One of the biggest issues facing anyone considering a home purchase or sale is rising interest rates. After enjoying years of mortgage rates in the 2-3% range, many borrowers are shocked to see a conventional 30-year fixed loan offering rates as high as 7 per... Read More
6 Factors That Could Damage Your Credit Score
Having good credit is essential for a number of aspects of your life, ranging from the interest rate on a car loan or credit card to background checks for employment. Poor credit can be incredibly expensive, costing you thousands of dollars in higher interest rates over the course of a home loan. Fortunately, with proper... Read More
Understanding FHA-Approved Condos
In order to use FHA financing to buy a condo, the condominium project must meet the eligibility requirements of the Federal Housing Administration (FHA). FHA-insured loans offer some significant benefits for the home buyer, such as lower down payment requirements and reduced lender fees, and using this financing is a great way to purchase a... Read More
Seller Concession Limits
The real estate market is shifting. In some areas of the country, it has flipped to a strong buyer’s market. Sellers challenged by this change are looking for creative ways to attract buyers. In addition, buyers suddenly in the driver’s seat are asking for more concessions from sellers than ever before. Seller concessions are a... Read More