Question of the week: Do you write your update every Friday? Answer: Yes. Well almost every Friday, I have been known to not compile a Weekly Rate &Market Update Thanksgiving week or if Christmas and New Year’s fall on a Friday or if on vacation and it is not possible to compile and distribute, otherwise […]
Question of the week: I have an owner-occupied loan, can I rent my house out later or do I have to get a new loan for investors when/if I want to do that? Answer: Now that we are about seven to eight years away from the bottom of the real estate market his is a […]
Question of the week: Should I refinance to pay-off debt, like my car and credit cards? Answer: This question came in after last week’s question (should I refinance to pay-off my equity line?), and the short answer is the same as last week’s: Yes. No. Maybe. As a rule it is not wise to use […]
Question of the week: Should I refinance to pay-off my home equity line and fix the interest rate? Answer: Yes. No. Maybe. The answer to this question, like for many Questions of the Week, is situational. Everyone who has an outstanding Home Equity Line of Credit (HELOC) has seen their rate increase one percent (1.00%) […]
Question of the week: Should I refinance to pay-off my home equity line and fix the interest rate? Answer: Yes. No. Maybe. The answer to this question, like for many Questions of the Week, is situational. Everyone who has an outstanding Home Equity Line of Credit (HELOC) has seen their rate increase one percent (1.00%) […]
Question of the week: When should we release our loan and other contingencies from our purchase contract? Answer: Never** For new buyers, or those entering the market in the future, as part of your offer to purchase a new home you will ask the seller to provide you the opportunity to cancel the transaction and […]
Question of the week: Do you think home prices will fall in the near future; are we in another housing bubble? Answer: Many of the “question of the week” inquiries come up several times in a short period of time from different areas of my life, this week’s question is no different. From a lunch […]
Question of the week: Why is there no question this week? Answer: I am a little pressed for time this morning as heading out on a road trip in a little bit with our oldest to look at some colleges in Northern California. Looking forward to spending three days with her as we do not […]
Question of the week: What steps should I take to protect myself following the datahacks this past week? Answer: This is tangentially mortgage and real estate related as one of the major companies that was hacked was DocuSign. For those not familiar DocuSign is the primary technology used in the mortgage, real estate and financial […]
Question of the week: We are buying a home that has just been completely remodeled/rebuilt, should we still get a home inspection? Answer: YES! In case my answer was a little vague, yes, get a home inspection if you are buying a home that has been recently completely remodeled or rebuilt, I almost want to […]
