Eight Steps Not to Skip When Buying a Home

Eight No-skip Steps To Buying a Home There are eight major steps you will take when you buy a home and each one is as important in its own way as the last. Make your wish list — Decide where you want to live and how many bedrooms and baths you’ll need. Consider lifestyle — condominiums offer shared amenities, with little responsibility. Single-family homes offer more space and privacy, but they also require more exterior and yard maintenance. Consider buying a fixer-upper for a reduced cost so you can remodel it to suit your needs. Get preapproved — You can prequalify ...

July 6th, 2017 Eight Steps Not to Skip When Buying a Home

Our Weekly Mortgage Market Commentary

This holiday-shortened week brings us five economic reports and other events expected to affect the markets and mortgage rates with two of them considered to be highly important. It is a shortened week with the markets closing early Monday and remaining closed Tuesday for the Independence Day holiday. Despite the early holiday, the week starts off with one of those two major economic releases. The Institute of Supply Management (ISM) will post their manufacturing index for June at 10:00 AM ET Monday morning. This index measures manufacturer sentiment by surveying trade executives on current bu...

July 2nd, 2017 Our Weekly Mortgage Market Commentary

Why Seller Disclosures Are Important

Why Seller Disclosures Are ImportantFederal, state and local laws are strict in requiring sellers to tell what they know about the condition of their homes that isn’t obvious or discernible to potential buyers. Buyers can’t see behind walls or under houses, so they rely on truthful information from the seller about the operations, appliances and systems of the home. When you sell your home, your real estate agent will present you with a federal and/or state-mandated disclosure form called a Real Estate Disclosure Statement, Property Condition Disclosure, or Condition Report. You...

June 29th, 2017 Why Seller Disclosures Are Important

Our Weekly Mortgage Market Commentary

This week brings us the release of five economic reports that may influence mortgage rates along with two Treasury auctions. Some of these reports certainly can cause a change in mortgage rates, but none are considered to be key releases. We have at least one event set for release each day. The week starts early Monday with May’s Durable Goods Orders from the Commerce Department, giving us an indication of manufacturing sector strength. It tracks orders at U.S. factories for big-ticket items, or products that are expected to last three or more years such as electronics, appliances and ai...

June 26th, 2017 Our Weekly Mortgage Market Commentary

Five Strategies for Smart Homebuyers

Five Strategies for Smart HomebuyersThe National Association of REALTORS(R) has announced that there’s a housing supply shortage. Homes are selling quickly and home prices are starting to inch up again. It’s becoming a seller’s market in many areas. Any time the market changes, it’s time to change strategies. During a buyer’s market, buyers have the upper hand and can make more demands to sellers over their homes’ price and condition. During a sellers’ market, buyers concede the upper hand to sellers and are more willing to accept higher prices and ter...

June 22nd, 2017 Five Strategies for Smart Homebuyers

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