Monthly Archives: June 2016

June 2016

With Today’s Low Interest Rates, Your Buying Power Just Went Up.

By |June 15th, 2016|

If you’ve been thinking about a first home or even a move up home, now may be the ideal time to make your move. With interest rates this low, you can power up and benefit from a range of affordable loan programs we offer. The advantages include:

Purchasing more home without increasing the monthly payments […]

Mortgage? Yes, Please!

By |June 15th, 2016|

If one could only raise their hand and say “yes, please” to obtain a mortgage, the dream of homeownership would be simple. But the path to homeownership may be a bit curvier than you expect if you are carrying too much credit card debt or haven’t established credit.
 
Establishing a credit history isn’t difficult if you focus on a slow but steady plan. Borrowing small amounts and paying them off steadily can prove to the financing institutions that you are reliable. The same goes for paying down credit cards. Credit-building strategies take skills that will serve you well in life, the skills of perseverance and reliability.
[…]

Maximize Your Home’s Refinance Appraisal Value

By |June 15th, 2016|

My neighbor dreamed of updating her home but needed funds to do what she wanted. Her solution? A home mortgage refinance that would – she hoped – lower her interest rate and allow her to cash in some of her equity. She waited until home prices rose and when they did, she readied herself to apply for the refinance. She was a nervous wreck waiting for her appraisal. She knew that a high appraisal on her home’s value would give her a lower interest rate, the ability to borrow more money, and eliminate mortgage insurance. She would be able to borrow enough money to remodel the kitchen, both bathrooms and to replace her interior doors. A low appraisal would leave her with a house half renovated and a higher interest rate. After doing her homework, she started to ready her home for the visit from the appraiser. Spoiler alert, she got the loan and rate she wanted. So, here are the steps she took to make sure she got an optimal appraisal.
[…]