During the financial crisis in 2007 and 2008, millions of mortgage borrowers defaulted on their loans sending Wall Street and the mortgage industry into a nosedive. With billions of dollars in losses on the horizon, bankers and news anchors were touting the problems of adjustable rate mortgages and balloon payments. But are adjustable rate mortgages all bad? Not at all! Let’s take a look at when adjustable rate mortgages make sense. Continue reading
If you are looking to buy a home, the season is upon on us! Spring and summer are the hottest times of the year to buy a home, and with the season nearly upon us open house signs are popping up across the country. If you are planning an open house visit, make sure to go into it with a game plan so you get the best result for your efforts. Continue reading
Strolling through new model homes alone seems innocent enough but beware of the Sales Representative. They learn a lot through friendly small talk, comments between you and your spouse and body language. Remember, the home sales representative works for the builder to protect his interest.. NOT yours. A Buyer’s agent can buffer the tactical questioning while preventing costly mistakes unforeseen by many buyers. Buyer’s receive free representation no matter if it’s a new build or a pre-existing home. Continue reading
Are you an avid fan of HGTV? Does the season of spring cleaning elicit more excitement than annoyance? Forget Disneyland, is Home Depot the happiest place on earth for you?
If so, then you are likely a do-it-yourselfer. You have that innate knack for spotting a diamond in the rough. You see potential in everything and anything, as each object or opportunity you encounter becomes a canvas for your inner artist and craftsman. Always making this or doing that, there’s no project that doesn’t intimidate you. Continue reading
Did you think your dating days were behind you? Think again. Buying real estate is just like dating. From courting to making a long-term commitment, your adventures in dating have many similarities to searching for and buying a home. By applying what you learned dating to your next real estate search, you can enjoy a more pleasant house hunting experience. Continue reading
Buying a home is an exciting time and process, but knowing how much you can afford to spend is not always easy. Calculating how much home you can afford before you start looking helps you to understand your budget, how to create your wants and needs list, and what neighborhoods you should consider calling home. Continue reading
For many people, the holiday season is “the most wonderful time of the year” filled with laughter and cheer. For others, it is tense with stresses such as family obligations, crowded malls, and decorating. Continue reading
An extra bedroom at home can be a great space for your home. Extra bedrooms can be used for a variety of purposes ranging from storage to your own fitness studio. Whether you are considering buying a new home or looking for the best use for a spare room you already have, read on for some inspiring and useful ideas for the space. Continue reading
Buying a second home is not a decision to be made lightly. A vacation home brings with it a myriad of responsibilities and opportunities in equal measure, all of which come into play simply because of all the components of property ownership.
Your vacation home is a secondary dwelling, not your primary place of residence. That distinction puts the matter of money and budget at the forefront much more so than it does with a primary home. Everyone needs a place to live, but not everyone necessarily needs a vacation home. However, they sure are great to have at your disposal if you can comfortably afford it. Continue reading