Five Questions to Ask a Prospective Realtor When it comes to buying and selling your home, having the right Realtor can help you buy your dream house or sell your existing home quickly. Realtors perform literally hundreds of functions for individual homebuyers and sellers, including finding homes, negotiating purchases, coordinating paperwork, and providing guidance. […]
Patty Wills, CRMP, an Open Mortgage reverse mortgage advisor, was recently interviewed by the official magazine of the National Reverse Mortgage Lenders Association (NRMLA). The interview, which can be found on page 10 of the magazine, highlights Patty’s 25-year reverse mortgage career and recent experience serving on NRMLA’s Board of Directors. Patty strongly believes […]
Everyone knows the most enjoyable part of buying a home is house hunting (we even enjoy watching other people search for their homes!). It’s fun to explore different neighborhoods and settings while planning your future. When looking at different homes, there are many things to consider, such as the quality of construction, whether the home […]
It’s getting hot out there, particularly in the housing market. With bidding wars increasingly common in many locations, buying a home requires discipline and strategy—and knowledge of mistakes that cause homebuyers to miss out on homes. To lower your chances of homebuying heartbreak, here are five common mistakes to avoid: Going over your budget A critical […]
Many people don’t realize how much money they can save over time by securing a lower mortgage rate. This video provides some practical tips on securing a low interest rate when applying for a mortgage.
June was another busy month in the red-hot mortgage industry. Here are some recent articles, highlights and tips for homeowners: Fed hikes interest rates and brightens economic outlook The Federal Reserve raised short-term interest rates by a quarter point on Wednesday, June 14. This was the third rate hike since December. Key takeaway: the Fed […]
Until the last decade, if you were 62 or older and and wanted to buy a new home, your options were limited by the equity accessed from selling your home, your cash savings, and the size of any mortgage you could obtain. But in 2009, a new method for buying new homes was created by […]
Buying a home is one of the largest purchases you can make. It takes most people 30 years to completely pay off their home, as around 90% of homes are purchased using 30-year mortgages. Because of the high value of your home, and long timeframe needed to pay it off, it’s critical to thoroughly evaluate […]
Remodeling can dramatically improve your home’s livability, make it more attractive, and can boost your property value. Even if you’ve never thought of remodeling, consider the following locations in your home, and imagine whether you could improve them: Kitchen Master bathroom Living room Outdoor landscaping Patio / deck If you can think of obvious improvements […]
The choice between buying a home and renting is one of the biggest financial decisions that many adults make. Each have their advantages, but what’s best for you depends on your circumstances. If you’re thinking about buying a home, watch this video to learn some empowering benefits that could be in your future.
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