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Real Estate Blog

Advice to 1st Time HomeBuyers

Thursday, May 28, 2015

Real Estate Corner…

Q.  What advice can you give to first-time homebuyers?

A.  The best advice is to learn from the mistakes of others.   Here are three common examples:

  • Not knowing what you can afford.  Examine your budget, get a copy of your credit report, and sit down with a qualified lender to determine how much of a loan you can afford.  Feel free to ask me for a list of lender recommendations, then make sure you comparison shop for a mortgage.
  • Forgetting to consider the overall costs of home ownership.  You can make the monthly payment, but remember to add in the cost for homeowners’ insurance, property taxes, utility costs, plus maintenance. 
  • Paying too much for a beautifully staged home.  The home looks perfect, but will it look that way when you move in your furniture?

2015 Spring Market has SPRUNG!

Wednesday, May 06, 2015

The 2015 Spring market has sprung like the tulips.   There has been a lot of pent up demand with the cold, wet winter and as soon as the weather broke, so did the market.  Homes have sold most recently in less than a week.  Have you been procrastinating getting your home on the market?   If so, call me today for your free home market analysis, 410.591.1800.

 

 

Real Estate Corner...

Friday, May 01, 2015

Real Estate Corner…

 

Q.  How can I secure a low mortgage interest rate?

A.  Securing a low mortgage interest rate helps make your monthly payment more affordable and saves money over the life of your loan.  Besides using a larger down payment, here are three things to do to secure a low mortgage interest rate:

  1. Compare multiple lenders and meet with your top three.  Review the application process and your credit report to start working on any issues you may have.  The higher your credit score, the better borrower you will become.  Lenders will review the various loan programs with you.

 

  1. Your debt-to-income ratio should be below 36 percent before you apply for a mortgage.  The lower it is, the greater your eligibility for a higher loan amount.

  1. Don’t make any drastic changes such as changing jobs or making large purchases on credit cards.  You want lenders to see you have a stable job history and ability to make the payments.

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