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For people who have experienced a distressed sale of a home and gotten their finances and credit back in shape, there can still be an unanswered question of “How long do we have to wait to qualify for another mortgage.”  The loan types for the new loan will differ in amounts of time based on the event. Continue reading “Time to Buy Again”

There are an increasing number of real estate companies, termed iBuyers, like Open Door, Offerpad, Zillow, Knock and others that market a service that has an appeal to homeowners.  The pitch for these quick cash offer companies will include some variation of “let us buy your home in days without the normal hassles of listing.” Continue reading “iBuyers – Convenient at a Price”

In the time that it takes to write one check, you can set it up with your bank and never have to do it again.  You won’t have to write checks, envelopes or buy stamps anymore.  You’ll save time, money and benefit in other ways too. Continue reading “Auto Pay Your Mortgage Payment”

Automation and advanced technologies, such as artificial intelligence (AI), have infiltrated many areas of life and, for the most part, in positive ways. From virtual assistants and transportation helping us in our daily lives to the transformation of entire industries like healthcare and manufacturing, tech’s impact is immeasurable, and it’s changed consumer expectations about nearly everything as they grow accustomed to an on-demand world. Continue reading “Real Estate’s Digital Revolution And Why It Matters”

Generally speaking, when you need an inventory of your personal belongings, it is too late to make one.  Sure, you can reconstruct it but undoubtedly, you’ll forget things and that can cost you money when filing your insurance claim. Continue reading “Home Inventory”

Mortgage insurance premium can add almost $200 to the payment on a $265,000 FHA mortgage.  The decision to get an FHA loan may have been the lower down payment requirement or the lower credit score levels, but now that you have the loan, is it possible to eliminate it? Continue reading “Eliminate FHA Mortgage Insurance”

Price, condition and terms are factors that any owner must consider when marketing their home.  Price is usually the easiest to adjust to compensate for shortcomings in location or condition of the home.  Improving the condition of the property is more time consuming but updates to kitchens, baths and other things can appeal to a buyer. Continue reading “Another Type of Financing Concession”

There is a little-known mortgage program that could provide the vehicle for the right person to get into a home.  If a person sells their home to another for less than the fair market value, the difference in the appraised value and the sales price is considered a gift of equity for the buyer. Continue reading “Gift of Equity”

It’s been said that if you can find a home that has most of what you want, you should go ahead and purchase it.  Many first-time buyers are using everything they have for a down payment and closing costs and would have to “live” with the less than perfect home until they can save the money to make the changes. Continue reading “Roll the Repairs into the Mortgage”

As storybooks go, the character is introduced, they meet their love interest, a villain thwarts their intentions, true love overcomes, they marry and live happily ever-after.  It’s a very familiar formula. Continue reading “Start Early and Live Happily Ever-after”