Question of the week: Should I change my insurance company for my cars when I get my homeowners insurance? Answer: It depends, are you using a different insurance company for your home than for your cars? When buying a new home with a mortgage, or refinancing your existing mortgage, you will need to […]
Question of the week: Should I use funds from my 401(k) to buy my new home? Answer: This is a great question that has come up a few times recently as home prices continue to climb and for many families down payment is a barrier to home ownership. “Should” is the […]
Question of the week: Do I need to get re-pre-qualified? Answer: Probably. As you can see from the chart below rates for 30 year fixed rate mortgages are about three-quarters of one percent (0.75%) higher than they were in January. In real numbers, on a $400,000 mortgage that is a difference […]
Question of the week: Should I buy the home I rent? Answer: This question has a reverse side as well, “Should I sell my rental property to the tenant?” I have a client who contacted me the other day about wanting to sell a home she rents out because the tenant […]
Question of the week: Why do you want me to put 21.2% down? Answer: This question came from a new client last week who had been speaking with a representative of a major national lender about loan options for purchasing a new home and called me on the advice of her tax […]
Question of the week: Why do some of the creditors on my credit report say, “Affected by Natural or Declared Disaster” when I live nowhere near a natural disaster that has occurred? Answer: Because creditors were not all A+ students in geography class. Last year saw many natural disasters across the […]
Question of the week: Why do some of the creditors on my credit report say, “Affected by Natural or Declared Disaster” when I live nowhere near a natural disaster that has occurred? Answer: Because creditors were not all A+ students in geography class. Last year saw many natural disasters across the […]
Question of the week: What should I look for in a Home Equity Line? Answer: With equity building, rates rising and prices continuing to climb we are getting more and more inquiries from clients looking for Home Equity Lines of Credit (HELOC) to remodel homes or for other purposes. Before getting […]
Question of the week: What is the difference between Fannie Mae and Freddie Mac? Answer: Before we look at the differences between Fannie and Freddie a quick recap as to what they are. Fannie and Freddie are currently owned by the United States government and regulated by the Federal Housing Finance Agency. […]
Question of the week: Why do I need to pay for a home inspection and an appraisal? Answer: With many of our clients being first time buyers this is a question that pops up as they try to learn the vernacular of real estate, understandably because the appraiser does inspect the property. […]
