Monday, 06 26th

Last updateMon, 30 Jan 2017 4pm

ADJUSTABLE MORTGAGE

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There was a time when –there was one basic type of home loan. It had a fixed interest rate, level monthly payments, and ran from 20 to 0 years. It still remains the favorite of most buyers.
Today, however, there are more loan varieties than Babe Ruth had home runs. Chief among them is the Adjustable-Rate Mortgage (ARM), which allows changes in the interest rate ‘at specific times during the life of t

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A LITTLE SHOWMANSHIP

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It’s a lot easier to sell a home than to sell a house! When preparing your home for prospective buyers. Use some subtle showmanship to help set the right atmosphere:
Give your home a restful, happy, inviting look.

For evening inspection, brighten your home from the front door light on through all - rooms in the house. Little decorator touches— a vase of flowers, a plant, small pillows— can add much to

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15 VS 30 YEAR MORTGAGE

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Among the diverse home financing options, is the 15-year mortgage. It has been very popular depending on the difference in interest rates between the 15 and 30 year mortgages. If the spread is small, there is not that much difference between the two.
Perhaps the most attractive features of the 15-year mortgage are a lower interest rate, more rapid equity build up and lower total interest payments

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CHECK LOAN CHANCES FIRST

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Buying a home has never been an easy task and it’s not getting any easier. Home values continue to increase faster than the cost of living. We see would-be buyers who have searched for months to find a “dream home” only to find out they could not qualify for a loan for that price house.
Ironically, it’s a heartache most buyers can avoid simply by doing a bit of arithmetic and talking with their Realtor o

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MARRIED- THINK JOINTLY

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When two or more persons own property as joint tenants, they have equal rights to the property and they have the right of survivorship. They have an equal voice in the disposition of the property and they share its Income equally.
In joint tenancy, every co-owner must acquire ownership at the same time. There is only one title to the property and each owner has an equal share and equal possession

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DON’T WAIT FOR SECOND CHANCE

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The better the condition of a home, the better price it will bring and the quicker it will sell. In a slow market, poor condition may very well mean that the home will not sell at all, given the competition of other homes that may be in better or new condition.
Fortunately, condition is something we have control over. Your Realtor will have specific recommendations but some advice here might be appropriate.

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SINGLE HOME RENTAL PROPERTY

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Smart investors know that tax reform changed the rules of the game for rental investments, but rental properties should still be considered a valuable and important aspect of your investment strategy for the future
When looking at rental property as an investment, consider property that will bring you a positive cash flow or at least come close to a break-even situation after the rent is collected

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HERE WE GO

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Congratulations! Part one is over. You’ve just sold your home and now you look forward to the next step — finding a new one. Although this can be very exciting, several points must be kept in mind.
If you retain me as your broker, we will need to find a home that is within your budget
. This will include how much you can afford in monthly payments and taking into consideration how much you will have

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