2020 LOOKS TO BE GOOD YEAR FOR REAL ESTATE: BUY EARLIER RATHER THAN LATER
The 2020 housing market is off to a good start, the mortgage rates have remained stable. The 30-year fixed rate mortgage (“FRM”) dropped from 3.74% to 3.72% as of January 2, 2020. In a similar vein, the 15-year FRM dropped from 3.19% to 3.1...
Putting Your House to Work for You
One of the secrets to wealth is to make your assets work for you; these assets can be skilled employees, money in the stock market, and even real property that could be generating income while you aren’t using it. In a nutshell, this is why A...
THE CHRISTMAS GIFT THAT KEEPS GIVING
Consumerism is one of the staples of modern society, and the holiday season puts that reality on full display. However, most people seem to believe the holiday season is for purchasing smaller items on sale; these people fail to realize that yo...
Christmas Decorations and Your Neighborhood
We all know that family that begins decorating for Christmas the day after Thanksgiving, you might even be that family. It can be difficult not to go all out for the Holidays; but be cognizant of your neighbors, and how they might feel about yo...Finding the Right School District for Your Child
If you have children, you know that virtually every decision you make in life must be informed by what’s best for them. Finding a new home is no different; where you purchase your next home will necessarily be informed by how it will impact y...
Mortgage Rates Reamin Low, Signaling Good Times in the Future for Home Sellers
While mortgage rates have been on the rise, they didn’t move much last week. It is worth repeating that despite the rise in mortgage rates, we are still well below where we were at the same time last year. Low interest rates are good for sell...
Veteran Loans to Increase Cap, Benefiting Veterans Seeking to Purchase Homes in High Price Areas Where They Serve
The Blue Water Navy Veterans Act of 2019 (“BWNVA”) will go into effect in 2020, and will allow veterans to purchase higher value homes without providing a down payment; they will still have to qualify for the mortgage itself, and prove they...
Increased Loan Limits: Probably a Good Sign for Sellers
On November 26, 2019, The Federal Housing Finance Agency announced that it will increase the limit for conforming loans; mortgages that are in-line with the standards set by Fannie Mae and Freddie Mac. Thus, beginning in 2020, borrowers will be...