When you are getting ready to sell your home there are many things to consider. The first and most important is the price for which it will be listed! The higher the better! Should you do a major home renovation project because you think you can gain resale value or should you let the next …
When the Fed Talks Mortgage Lenders listen and you should too!
What could an increase of the Fed Funds rate mean to you? Are rates going up?? It is widely speculated today that the FOMC (Federal Open Market Committee) will recommend to increase the Fed Funds rate by .25. The rate increased is a short-term rate that has direct effect on debt such as credit cards …
What do you need to know to protect your home this Hurricane Season?
Every year around this time consumers start to hear about flood insurance again. It is Hurricane season! Once a storm becomes imminent, it may be too late. Maybe you think you will be covered by your homeowners’ policy, but will you? Homeowners insurance provides coverage for wind damage to your dwelling, the detached units, and …
No savings for a down payment? No Problem!
One of the biggest obstacles to home ownership for first-time home buyers is having enough money for a down payment. Many potential home owners have excellent credit and stable income but haven’t been able to put aside the traditional 20% down payment required for most mortgage programs. There are options now that can make home …
Do you only think about flood insurance when it is too late?
Congress voted to extend the current National Flood Insurance Program for 4 months! This extension offers a temporary reprieve for millions of property owners who are getting their flood insurance through an affordable government subsidized program. The purpose of the extension is to reform the NFIP as it currently exists and to keep the coverage …
If you can’t buy your Dream Home…Create it!
With the housing supply at an all-time low and prices sky high, a HomeStyle Renovation Loan can get you into a house that you can make into your dream home with one conventional first mortgage. The HomeStyle Renovation mortgage is a simple and easy way for borrowers to make renovations and repairs to a home …
