Saturday, March 23rd, 2019

Introduction Refinancing involves paying off your current mortgage and replacing it with a new mortgage. It often involves many of the same steps and expenses that were required when the original mortgage was obtained. The most common reason to refinance is to lower monthly mortgage payments, but there are other reasons to consider refinancing. Reasons [...]

Choosing the Right Mortgage Fixed Rate vs. Adjustable Rate 30-Year vs. 15-Year Terms Rates and Points Should You Pay More Or Less “Up-Front”? Buydowns vs. Graduated Payment Mortgages (GPMs) Fixed-Rate vs. Adjustable Rate Fixed-Rate Mortgage A Fixed-Rate Mortgage applies the same interest rate toward monthly loan payments for the life of the loan. Fixed-rate mortgages [...]

SELLING TIPS: Time Becomes Money It’s a good idea to place your home on the market as far in advance as possible of purchasing a new one. If you find a new home first and then try to sell your present home, you may wind up with two mortgages. Keep in mind that when people [...]

Finances: General When buying a home or a new development site it is imperative to include into your mortgage repayment figures the cost of the any monthly maintenance expenditure. This sounds like common sense doesn’t it, but the amount of times purchasers of new home and apartments find themselves in trouble and having to over [...]

Homebuyer’s References An overview of some important rights you have as a homebuyer: Consumer Credit Protection Act (1960) Guarantees confidentiality of credit reports and allows consumers to correct inaccurate information in their reports. Equal Credit Opportunity Act of 1975 (ECOA) Prohibits the discrimination in any credit action based on race, sex, marital status, color, religion, [...]

Buying Tips Research Is the Key Home sellers won’t call you with an offer to buy a maintenance-free home with a wonderful mortgage. You have to find the gems yourself! Only by reading available materials, talking to friends and experts, and spending time looking at different homes, schools, and neighborhoods you will end up with [...]

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