Blog – Page 331 of 334

29

Mar

MortgageMortgage, Negotiations, Pre-Approval

A Mortgage Pre-Approval Can Help You In Your Home Purchase Negotiations

A mortgage pre-qualification is an initial estimate of what type and size of mortgage a borrower could get. It is limited, though, because it's only based on what the borrower tells the lender, which might not be the same as what the lender finds out when it goes through a full process of analyzing the borrower and his credit. The Initial Loan Pre-Qualification To get pre-qualified, a borrower starts by finding a lender. Typically, he will give the lender basic information on his ability to borrow. This includes his income, how much money he has in the bank, his current…

28

Mar

By support

Real EstateBuying, Offer, Real Estate

5 Tips For Prospective Buyers To Submit A Winning Offer

In a hot real estate market, agents often tell buyers they must expect to make multiple offers before one is accepted. Disappointment may be the new normal rather than an exception. The stress of repeated rejections isn't easy, so be prepared. Significant numbers of first-time buyers find the process difficult, and recent research indicates that about 60 percent of Millennials choose to rent rather than own, delaying other important life decisions, including marriage and family. There are, however, at least 5 ways to strengthen your buyer profile and give yourself an advantage: Check Your Credit Take advantage of the free credit checks offered by…

27

Mar

By support

MortgageCash Out, Home Equity, Mortgage

Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions

US homeowners now have over 5 trillion dollars in home equity which is a very large amount of money! So this year may be the year for a lot of cash out refinances and other home equity mortgage products. Most often, when you are purchasing a home, you are buying at or below the appraised value and you are making a down payment. The good news is this means you have "instant equity" in your home. And over time you build more equity as you make your monthly mortgage payments as well as any potential home price appreciation. This build…

26

Mar

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Financial ReportsFed, Financial Reports, Interest Rates

What’s Ahead For Mortgage Rates This Week – March 26th, 2018

Last week's economic releases included readings on new and pre-owned home sales and the Federal Open Market Committee's customary post meeting statement. Fed Chair Jerome Powell gave his first press conference as Chair of the Federal Reserve and FOMC. Weekly readings on mortgage rates and first-time jobless claims were also released. February Sales of Pre-Owned Homes Exceed Expectations, New Home Sales Fall Short Sales of previously-owned homes exceeded expectations at a seasonally-adjusted annual rate of 5.54 million sales. Analysts expected a rate of 5.40 million sales based on January's reading of 5.38 million sales. Lawrence Yun, National Association of Realtors® Chief…

23

Mar

By support

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Real EstateEnergy Savings, Home Improvements, Real Estate

6 Top Trending Green Features To Consider When Remodeling

Sustainable materials, energy savings and smart home technology are high on the list of buyer wants in a home. But there are some other architectural and design trends that will change the way Americans live this year and beyond. When planning a remodel, it pays to pay attention to green features, as well as to improved floor plans that will make a home more comfortable, more appealing and more functional. Here's a list of what's hot right now: Natural and Sustainable Materials Eco-consciousness and concerns about individual health and wellness prompted a return to natural woods and stone, as well as organic forms…