How Many Smoke Detectors and CO Alarms Should a House Have?
How many smoke detectors and CO detectors should a home have, and where should they be located in order to pass appraisal? This is a very common question and we’ve been getting a lot of them lately, specifically because homeowners may not understand what they...If Mortgage Rates Rise Will Home Prices Drop?
In a recent article published by Freddie Mac stated the impact the projected rise in mortgage rates might have on the housing market. We often assume that an increase in mortgage rates will cause a slow down in real estate purchases, which in turn, may lead to a drop...
5 Financial Perks of Being a First-Time Homebuyer
If you’re going with the idea of buying your first house, you’re probably doing some research on the financial side of it. Most of us don’t have the cash to purchase our first home so we are looking at financing. This is probably one of the biggest...Who Pays Closing Costs on a Home?
Who pays for closing costs when you purchase a home or when you sell a home all depends on what type of loan the buyer is getting. First-time buyers are often shocked when they realize how much closing costs can actually be. Closing costs are the various fees,...
How Do I Increase My FICO Score?
FICO is different than that unknown entity that seems to take money from your check each week (FICA – an Acronym for Social Security). Your FICO score is a credit score provided by one of the major credit agencies in the U.S. This is the main score lenders and...Are You Ready to Buy a House Together?
Together… that may be a new word for you and now your SO (Significant Other)… but if you’ve decided that “together” is what you’re going to be you might also be wondering if buying a house together is a good idea or not. Together...
Some of the Most Common Questions When Buying a Home
Buying a home can be one of the most exciting and nervous times in your life. It’s a lot of money to buy a house and when we are talking about this much money, it’s bound to make people a little skittish. My job is to make you feel as confident,...
Major Changes to the Reverse Mortgage Program
On October 2, 2017, major changes to the reverse mortgage program came down the pike. Here’s what you need to know. What is it? HECM, or Home Equity Conversion Mortgage, also known as a reverse mortgage, underwent some changes this year as the MBA (Mortgage...
Which is Better? Loan Modification or Refinance?
Which is Better for My Situation? Loan Modification or Refinance? If you’re currently facing a situation where you are not sure if you’re going to lose your home you probably want to know your options before defaulting on the mortgage. You may have heard...
Welcome to my Blog!
Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.