You can finance your house, your car, your new teeth, and your college degree. We just got a quote from a company that offers financing on new board-on-board fences But no thanks on the interest rate that is triple what we have for our mortgagewell live with our existing fence a bit longer, thank you..If youre looking to finance your renovation,...
Becoming a first-time homeowner takes a lot more than a desire to buy a house. It takes a lot of effort on your part to save up a down payment which is usually a pretty good sized chunk of change research neighborhoods, get pre-approved for a loan and other steps. Fortunately, it is quite possible to say goodbye to renting and hello to homeowner...
At the start of April, it was announced mortgage rates in the U.S. have risen for a seventh straight week. The average for a 30-year loan was 3.18, which was up since last week when it was 3.17. That was the highest since June, according to Freddie Mac data.Rates have gone up from their record low in January, which was 2.65.The increase has mean...
When going through the process of hiring a professional homeowner association manager, its necessary to know what services you are interested in receiving. While each company offers a set of core services, the set varies from company to company. Its up to the client to define the scope of work so that proposals received can be compared and contr...
A >At the height of the real estate boom in the mid-2000s, buyers who otherwise wouldnt qualify for a traditional loan could buy a house with very little documentation. Because of this ease of qualifying, real estate markets heated up, driving up home prices. Buyers would essentially flip a property after just a few months making money on the sa...
Even though its the place we spend hours in, >You dont have to be afraid of tackling this important space; little changes can make a big difference, and many can be made this weekend without outside help. Shake out those muscles and get ready to make that bedroom beautifulUse wallpaper in new waysCreate an urban chic look with a feature wall of ...
Septic systems or sewer systems: whats better? Whats the difference? Homeowners flush their toilets, run their sinks and take showers without putting a second thought into the sewer systems that allow for this luxury.All of these functions >1. Sewer system2. Septic systemSewer systems are different than a septic system because one >Why Many Home...
Pre-pandemic, earning the big bucks involved donning traditional business attire and heading downtown to the office every day. Not now.During the pandemic, moving up in the business world means having more and more freedom not to look or act like youre part of the traditional business world.These days, going to the office may mean me>For decades...
When someone is buying a home and theyre going to use financing in the form of a mortgage, they need an appraisal to cement the deal. Before a bank is going to extend credit, they want to make sure theyre not giving someone a loan thats more than the fair market value of the house.Thats where an appraiser will enter the scene. An appraiser will ...
If your real estate business is in need of a transformation this year, then youre in the right place Switching things up is important in the real estate business to help you stand out from the crowd and establish yourself in a busy marketplace. By finding your niche, rebranding and creating great content for social media, you should be able to d...
Earnest money is just one of the many terms to know when it comes to buying a home. Its something you might initially overlook, but not understanding earnest money can create roadblocks in your process to buy a home once youre ready to make an offer.The Basics of Earnest MoneyIn simple terms, the earnest money is a deposit that you put down to s...
Question: How many members does it take to propose a governing document amendment?Answer: There is usually no minimum number required to propose an amendment. Any member in good standing can propose an amendment. That said, the Board is not required to ensure a proposed amendment is in proper form, legal, etc. The member proposing an amendment s...
One of the key components to a loan approval is affordability. In fact, theres a mortgage guideline referred to as ATR, or ability to repay. Lenders are required to make sure the borrowers can afford the new monthly mortgage payments. The new mortgage payment will include not just the principal and interest portion but a monthly allotment for ta...
Many people complain about small kitchens but tiny spaces arent always to be dreaded. If youre selling your home and your kitchen is, well, compact, know that you can find ways to achieve big appeal with a little creativity.Bring in the lightSometimes small kitchens can be dark, making them feel even smaller. But if you remove the curtains from ...
One of a lenders main jobs is to evaluate risk. If a lender looks at a loan application, what is the risk in making a home loan? Hows the credit look? Can the borrowers comfortably afford the new monthly payment? Is the property going to be owner-occupied or will it be a rental? How much down payment is involved? All of these questions and more ...
Question: Our Board dealt with a contentious issue recently. When it came time to vote, one of the directors pulled out a proxy from an absent director authorizing her to vote on his behalf. Is that proper?Answer: Proxies are not appropriate for board meetings since directors are elected by the members to perform HOA business. Elected officials ...
If you want to buy a home, one agreement option available is rent-to-own. Of course, not every homeowner is going to agree to it, and it comes with a set of pros and cons.The following is a breakdown of everything you should know about rent-to-own when it comes to buying a house.The BasicsA rent-to-own purchase has appealing elements, but there ...
Spring is always an interesting and exciting time in real estate, so what are analysts expecting we can see this year?Increasing Mortgage RatesIt appears, depending on how the economic recovery comes along, that mortgage rates could continue to increase. Rates have been on the rise for weeks, while earlier in the year, they were holding under 3....
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