Best Mortgage Rates – Not Available for All Buyers

February 23, 2017

Who gets the best rates? Lenders regularly publish mortgage rates but they may not be available for all buyers. Imagine, the mortgage payment based on an advertised rate influenced a buyer to make an offer on a home. After negotiating a contract, this buyer makes a loan application and finds… Read More »

Six Reasons to Consider Rental Homes

February 17, 2017

Investing in rental homes offers many advantages.  Single-family homes offer an investor the ability to borrow large loan-to-value amounts at fixed interest rates for long terms on appreciating assets, tax advantages and reasonable control. Some of these characteristics are not available through other investments. 75-80% loan-to-value mortgages are available on… Read More »

Home Buyers – What Would You Give in Order to Buy a Home?

February 8, 2017

Yogi Berra said he’d give his right arm to be ambidextrous. While most first-time home buyers are not going to that extreme, it is interesting to see what sacrifices are being made according to the National Association of REALTORS® 2016 Profile of Home Buyers and Sellers. 43% – cut spending on luxury or… Read More »

Mortgage Loans from Relatives

February 1, 2017

There are many way to obtain mortgage loans.  Occasionally, when dealing with close relatives who might also become heirs, signing a note and handling the paperwork properly may seem like a needless effort but it could mean the difference in being able to take a legitimate interest deduction. Home mortgage interest… Read More »

Home Inventory – Proof of Purchase for Property Loss

January 26, 2017

People who experience a property loss are usually asked by their insurance company for proof of purchase which can come in the form of a receipt or current inventory of their personal belongings. Even the most organized people might find it challenging to find receipts for all the valuables in… Read More »

Empty Nester Boomers Are Staying In-Place

January 21, 2017

There seems to have been an accepted progression for homeowners going from starter home, to gradually moving into one’s dream home, then, downsizing after becoming an empty nester and finally, into a retirement home. However, Marianne Cusato’s 2016 Aging-in-Place Report indicates that many older Americans don’t plan on following that… Read More »

Attracting Buyers to Your Home – Adding Incentives

January 14, 2017

There is a common body of knowledge among real estate professionals that indicates that the longer a home is on the market, the lower the price will be. Many sellers discount this belief in the beginning because they feel confident their home will sell quickly and don’t need to offer… Read More »

Rent or Buy – You Pay for the Mortgage on the House You Occupy

January 7, 2017

The ironic thing about people who think they can’t afford to buy a home for themselves, end up buying the home for their landlord. There are several facts that support this notion.  Weather you rent or buy, you are paying for the house.  Only difference is who you are paying…. Read More »

Real Estate Facts or Myths

December 31, 2016

“It’s impossible to get low down payment loans.” – MYTH! 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. “It takes perfect credit to get a loan.” -… Read More »

Mortgage Rates – What a Difference 50 years Makes

December 20, 2016

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. The… Read More »