I can afford the home, but I can’t afford the entire down payment. What should I do?

  AFMSI d/b/a Region Mortgage NMLS ID 179785 Little down payment does not mean they are an unqualified buyer Welcome back everyone! This week I want to discuss something that comes up quite frequently in my line of work. I hear it constantly from 1st time home buyers. They have a good job, they pay theirContinue reading “I can afford the home, but I can’t afford the entire down payment. What should I do?”

Closing Costs? Why Pay Them? Who Pays Them? I Don’t Like It

Some of the most common phrases that I hear when talking with buyers are, “What are closing costs? Who pays them? Why are there closing costs?” A very common misconception is that closing costs are the fees that lenders make on the purchase or refinance of a property. Many clients believe this as fact, that is until I enlighten them andContinue reading “Closing Costs? Why Pay Them? Who Pays Them? I Don’t Like It”

Do NOT do this when applying for a home loan…seriously.

Looks like I am going to give you a two for one in blog posts this week. I know I did one yesterday, but since I have fallen behind, I have to make up the difference. So with that said welcome to my blog. I want to inform you about something that can absolutely destroyContinue reading “Do NOT do this when applying for a home loan…seriously.”

Housing Shortage Causing Bidding Wars and Spike in New Construction.

If there is one downside to a booming housing market, it’s that there are not enough homes on the market to satisfy the amount of buyers. You can refer to this as a seller’s market. Not enough homes on the market can mean buyers paying more for a home. This is not a bad thing,Continue reading “Housing Shortage Causing Bidding Wars and Spike in New Construction.”

Why it’s smart to get qualified BEFORE you start looking at homes.

So you have been looking online at homes. You end up seeing one that is everything that you have been wanting. You call a Realtor to show you the home. You go and see the home and you fall in love. You want to submit an offer, then it hits you…THIS HOME IS OUT OFContinue reading “Why it’s smart to get qualified BEFORE you start looking at homes.”

Simple ways to get your home paid off quicker

Having the opportunity to purchase a home is a true experience, there are a ton of emotions that you will go through during the process, and when you get the keys to your new home it is like you’ve reached the finish line. Congratulations you have become a new homeowner, but now let’s move onContinue reading “Simple ways to get your home paid off quicker”

Great Article! Rates should not prevent the upward trend of the housing market. Housing is still affordable and rates are still low compared to the past 5 years. If anything this should spark potential buyers to look into purchasing now instead of waiting to see if rates go down or up.

If you’ve considered listing your home, now is the time to do so.

The first thing I looked at when I opened up my web browser this morning was an article by The Wall Street Journal writer Ruth Simon and The headline was “Is It Safe To Sell Your House Now?”  Now I have talked to numerous area realtors and I have had transactions on homes that had numerous offersContinue reading “If you’ve considered listing your home, now is the time to do so.”

Foreclosure filings, lowest since April 2007

Welcome to my blog everyone! I want to share some helpful real estate news with everyone, so based on an article by CNN Money it looks like foreclosure filings have been at its lowest level since April of 2007. What does this mean for you? This means that it is a good indication that theContinue reading “Foreclosure filings, lowest since April 2007”