But, It’s My Money
There is no doubt that most of us work hard for every dollar we earn. Not everyone has inherited a million dollars. But no matter how we get our money, we must prove that it’s yours if you want to use it purchase a home with a mortgage loan.
There are a few major rules when it comes to mortgage loans when purchasing real estate for residential use. Continue reading
Every year we enjoy a great weekend at the end of May. We spend time with family around the pool and most certainly have the BBQ going for all to enjoy a great meal. Many of you will spend time at the beach soaking up some sun, having a festive time or simply relaxing.
I hope that at one point in this weekend where ever you are; we all take a moment to pause and remember we could not enjoy this time without many of our Soldiers or Marines at one time or another hitting the beaches under heavy gun fire. Many of these men paid the ultimate price for us to be free, to enjoy such privileges. Remember them and I hope you all have a safe and happy Memorial Day weekend!
Being a Responsive Consumer
Our office is structured so that all calls or emails get returned by the end of the business day. The office is set up with coverage from 8:30am until 7pm and we also have staff on call after hours and on the weekends. We know how important it is for the consumer as well as the Realtors to have access to us. We understand the importance of the time frames in your purchase and sales agreements. We only wish you did too.
In order for you as a buyer and your Realtor to be competitive in the market it’s important to Continue reading
Paying With Cash
Why are you using all cash?
What are the benefits?
Is it a comfort thing for you or are you that wealthy?
What are you saving or missing out on?
These are some big questions when you think about the depth of each one.
Whenever I hear someone say that they are using cash, I remind myself life is short.
When we are young, we ask ourselves if we are we going to get there.
When we are older we tend to say, slow down let’s enjoy the moment.
Then I wonder where are these people in their life? Continue reading
Born to rent
For many years, I have worked really hard to try in get as many people in to a home as possible. Many obstacles need to be overcome. The right home needs to be found or built, the right school area, the proximity to jobs, the right number of bedrooms, the right home owners insurance policy, down payment and grant moneys were needed, debt to income ratios needed to be met, credit reports needed fixing and money needed to be saved.
Getting into a home is hard work for all involved, it’s something one has to earn as it’s not given away freely. The concept of grant money, down payment assistance and first time home buyer programs are so broadly misunderstood.
These programs often require the potential borrower to take a credit class, in some cases costing $200 or more, and then only to find Continue reading
The Trigger Effect
I know what I wanted to talk about today but the more I dug into the issue the bigger and deeper I found this to be. It’s about the vicious cycle of credit and raising your credit score. The three major credit agencies have slightly different matrices but overall still function a very similar way from the consumers point of view. So, before you run away thinking your credit score is “Stella” you may want to keep reading. Continue reading
Know Who You Are Dealing With
We all get excited when trying to buy a property, especially first time how buyers who have been renting for years. Trying to take the emotions out of a purchase can be really tough for the novice buyer. You may even find yourself under pressure from a good closing Realtor trying to push you over your purchasing limits.
I have even seen seasoned investors get caught up in making a bad purchase. Continue reading
Jumbo or Not To
The ceiling or cap for Conventional loans is currently $424,100. The Jumbo loan starts at $424,101 and the ceiling is then set by each individual lender. I know I have never really talked about this subject of Jumbo loans before and the reason is most people will never qualify for a Jumbo loan.
For those of you that do require a Jumbo loan, I want to give you something to think about Continue reading
A Loan Nobody Is Willing to Do
It’s hard to find some that will say they can do everything. Every bank and lender has their limitation, matter of fact it’s the banks that are more streamlined and limited than a retail lender or mortgage brokerage. A mortgage brokerage generally has the most flexibility in the market place.
While banks may do Continue reading
The Dumb Things
I hate it when a client does not listen or think that they know more about mortgages than me. These include the following: