2019 Remodeling Projects

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Your Rate Depends on your Score

Most homebuyers probably know that their FICO mortgage score can determine whether they qualify for a loan, but they may not be aware that it can determine what interest rate they’ll pay.
The same $300,000, 30-year, fixed-rate mortgage can have a principal and interest payment that ranges from as low as $1,340 or as high as […]

Some Households Cost-Burdened

Nearly a third of American households were labeled cost-burdened last year because they are spending more than 30 percent of their total household income for housing.  The report done by the Joint Center for Housing Studies of Harvard University looked at both homeowners and renters.
Today’s low mortgage rates help the cost of housing in many […]

Times to Visit a Home Before You Buy

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Understanding Reverse Mortgages

Reverse mortgage loans are like traditional mortgages that permits homeowners to borrow money using their home as collateral while retaining title to the property.  Reverse mortgage loans don’t require monthly payments.
The loan is due and payable when the borrower no longer lives in the home or dies, whichever comes first.  Since no payments are made, […]

Would you like a list of the homes that sold in your area?

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In Case of an Emergency

Imagine having an emergency in your home and needing to find something that will solve the problem.  You need to be able to put your hands on it quickly. 
A fire extinguisher hung in a conspicuous place, easy to reach, is a prudent precaution.  Everyone in the house should know where it is and how […]

Downsizing in 2020

Approximately 52 million or 16% of Americans are age 65 and over.  It is easy to understand that some of them are thinking of downsizing their home because they don’t need the same space they did in the past.
It can be liberating to divest yourself of “things” that have been accumulated over the years but […]

Fixed-rate Payments Change

Deciding between a fixed-rate mortgage and an adjustable-rate is one of the choices buyers make when getting a loan to purchase a home.  While the rate remains constant for the term of the mortgage on a fixed-rate loan, it does not mean that the payment will remain the same.
Most lenders require borrowers to include the […]

Who are first-time homebuyers

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