Mortgage

03 May 2023

DIY Improvements Do Not Have To Be Expensive: A Few Examples

Mortgage

There are many do-it-yourself (DIY) home improvement projects that can be completed on a budget and still have a significant impact. Enhancing the appearance and functionality of your home doesn't have to be costly or time-consuming. New Light Fixtures One simple and affordable way to update your home is by replacing old or outdated light fixtures. New light fixtures can give your home a fresh, modern look and can also help to improve the overall lighting in your living spaces. There is a wide variety of styles and price points to choose from, so you can find a light fixture…

02 May 2023

By Tawnya King

Purchasing A House That Requires Repairs: What To Know

Mortgage

If you are looking for a way to save money on the purchase of your next home, you might be thinking about buying a property that requires repairs. Keep in mind that you will not be able to move into this property right away, so is it the best option? You could open the door to unique financing options that could make it easier for you to purchase your next property. FHA 203(k) Rehab Loan One of the best options available is an FHA 203(k) rehab loan. This is a convenient option because it allows you to finance both the…

27 Apr 2023

By Tawnya King

What Does It Mean To Be In A Seller’s Market: A Brief Overview

Mortgage

In the realm of real estate, market conditions can differ significantly due to a variety of factors. One such state is known as a seller's market, which typically benefits those wanting to sell their property. Let’s dive into what makes a seller's market advantageous for homeowners looking to offload their house and why it's an attractive option for buyers too. A Lack Of Inventory The lack of available homes creates supply-side pressure in a seller's market; there are fewer houses on offer than there are prospective purchasers searching for them. This scarcity could be attributed to many reasons including economic…

26 Apr 2023

By Tawnya King

Understand Your Options When You Refinance A Home Loan

Mortgage

Are you interested in refinancing your mortgage? There are a variety of reasons why you might want to refinance your home loan. For example, you might want to secure a lower interest rate, or you may want to reduce your monthly payment. You might even want to tap into the equity you have in your home for some quick cash. There are different loan options available, so you need to think carefully about which one is best for your needs. The Conventional Mortgage Refinance One of the first options you will consider is a conventional mortgage refinance. This could be…

25 Apr 2023

By Tawnya King

How Do I Get Rid of PMI?

Mortgage

How to Get Rid of PMI? PMI (Private Mortgage Insurance) is a type of insurance that lenders may require borrowers to pay if they have a down payment of less than 20% of the home's purchase price. The purpose of PMI is to protect the lender in case the borrower defaults on the loan. However, once you have paid off enough of your mortgage or your home has appreciated in value, you may be able to get rid of PMI. Here are some ways to do so: Pay down your mortgage: If you make extra payments on your mortgage or…

21 Apr 2023

By Tawnya King

Ensuring A Stress-Less Closing

Mortgage

Buying a home is an exciting and exhilarating time. Between the time your offer is accepted, and when you finally have keys in hand and you are ready to step into your new home, it can be stressful. The escrow period, also known as the closing, can take the most easygoing home buyer to the brink of insanity. After you have negotiated your best price and come to an agreement, there are ways to make the escrow process less anxiety-provoking. Here are some tips from top real estate agents to help you get through the escrow process without losing your…

19 Apr 2023

By Tawnya King

Financing A Pool In 2023: The Options

Mortgage

With the weather beginning to warm up outside, you might be thinking about installing a pool on your property. This is a great way to relax, entertain friends, and get some exercise; however, a pool can cost tens of thousands of dollars. What happens if you don't have enough money? There are several options available. Ask About A Pool Loan One of your first options might be to approach a local lender and ask for a pool loan. As the name suggests, this is a loan that can provide you with funding specifically for the construction of a new pool.…