Again… You Do Not Need 20% Down to Buy NOW!

A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan.

What is a mortgage pre-approval?

Ever had an agent deny to show you a home because you weren’t pre-approved for a mortgage? It’s not because they’re mean, or they don’t value your business… it’s actually because they’re looking out for your best interests. Let’s face it, shopping for a home before getting pre-approved for a mortgage is like walking into

It’s Just Paint…

When talking with a seller as to how to make their home market ready, I frequently hear, “Well, we like bright colors. Buyers won’t care. After all, it’s just paint…” Or is it? At this point, I shudder. It is difficult at best to tell your client (or potential client) that the ‘80s have called

Fact or Myth?

“It’s impossible to get low down payment loans.” FACT! FHA down payments are 3.5% and VA is 0%. In some areas, there may be some 0% down payment USDA loans available. FNMA and Freddie Mac have 3% down payment programs. Buyers and Sellers need solid information to make good decisions. Call us with your questions

Avoid Wasting Time 

As your REALTOR®, I am committed to helping you save time while making the experience memorable. I know the process and the potential problem areas and can help you move through them. Most people can’t put their lives on hold while trying to buy or sell a home. Whether you have a family, a couple or single,

Time May Be Running Out

Time May Be Running Out During the Great Recession, some homeowners elected to rent their home rather than sell it for less than it was worth. IRS tax code allows for a temporary rental of a principal residence without losing the exclusion of capital gain based on some specific time limits. During the five year

Can 0.5% Really Equal 5%?

Can 0.5% Really Equal 5%? Since the election, rates have started going up and it will have a direct effect on the cost of housing. There is a rule of thumb that a ½% change in interest is approximately equal to 5% change in price. As the interest rates go up, it will cost you

What a Difference 50 Years Makes

What a Difference 50 years Makes In 1966, a gallon of gas was $0.32 and today, it is $2.49. A dozen eggs were $0.60 but they’ve only doubled to $1.33. A gallon of milk was $0.99 and today, it costs $3.98. You could send a letter for five cents and now, it costs forty-seven cents.