Jumbo mortgages almost completely disappeared during the mortgage meltdown. They’re available again in today’s mortgage market, but lenders are taking a more cautious approach. Jumbo mortgages are home loans that exceed conforming loan limits, which are currently $417,000 in most parts of the United States and $625,500 in certain high-cost areas. Read Also: The Best TimeContinue reading “What Is A Jumbo Mortgage”
Tag Archives: Exit Realty One
The Best Time To Sell Your House
The best time to sell your house: Real estate marketplaces are generally most attractive in summer because families with children want to move in before school starts, so more homes are typically available in summer as well, but buyers and sellers tend to balance out in other seasons too, especially in today’s tight market. ReadContinue reading “The Best Time To Sell Your House”
What Is A Mortgage
Generally speaking, a mortgage is a loan to purchase real estate. The mortgage itself is a lien, a legal claim on the home or property that secures the promise to pay the debt. All mortgages have two features in common: principal and interest. Read Also: What Is A Balloon Mortgage The principal is the amount you’reContinue reading “What Is A Mortgage”
What Is A Balloon Mortgage
A balloon mortgage is a mortgage that doesn’t fully amortize over the term of the loan but instead at the end of the loan term. A large portion of the principal balance is repaid with a single payment. The borrower must decide to either pay the loan balance in full, refinance, or sell the home.Continue reading “What Is A Balloon Mortgage”
Spring Cleaning Checklist
Your mind can unwind and enjoy the moments and memories you are making in your house when you have a practical, spotless area that you are proud of. The greatest way to welcome spring is with a thorough cleaning. The best advice and techniques for organizing and cleaning your house during your forthcoming spring cleaningContinue reading “Spring Cleaning Checklist”
Improve Home Value
How can you improve your home’s value? Buyers generally seek the least expensive home in the best neighborhood they can handle, so you want to present a home that fits in the neighborhood but doesn’t stand out too much. For example, if neighbors are all 4 bedrooms, 3 baths, in 3000 square feet, additions thatContinue reading “Improve Home Value”
What You Need To Know Before Making A Decision
How does purchasing a home compare with renting? The two don’t really compare at all. The one advantage of renting is being generally free of most maintenance responsibilities, but by renting you lose the chance to build equity. Take advantage of tax benefits and protect yourself against rent increases. Also, you may be at theContinue reading “What You Need To Know Before Making A Decision”
Do You Need A Survey When Buying A Home
Do you need a survey when buying a home? When you apply for a mortgage your lender will more than likely require that you get a survey of the property. A survey shows the boundaries of the property, and whether there are any encroachments such as buildings, sheds, fences or easements. For example, utilities andContinue reading “Do You Need A Survey When Buying A Home”
How To Choose A Listing Agent
How to choose a listing agent? When selling your home, hiring the right listing agent is crucial. Here are some tips to help you hire the best realtor for your needs. Read Also: Question To Ask When Hiring A Home Stager This information will help you establish a realistic asking price. Remember, you’re hiring a realtorContinue reading “How To Choose A Listing Agent”
Question To Ask When Hiring A Home Stager
A home stager can help you decide which part of your home are assets and which areas need improvement. A staged home looks better in online photos, and this can help create more showings. Staging your home can also help you sell it quicker and, hopefully, for a better price. Read Also: What Is Title TheftContinue reading “Question To Ask When Hiring A Home Stager”
