Monthly Archives: May 2015

May 2015

The Bidding War

By |May 19th, 2015|

Low interest rates and a limited inventory of available homes have set the stage for bidding wars in some areas. For example, in the Seattle area, some buyers are adding an escalation clause to their offer in an effort to achieve the highest monetary bid. Aggressive bidders may even end up paying thousands above […]

The Fixer Upper

By |May 19th, 2015|

I love home improvement shows; I love the term “good bones”.  I watch intently as they discover mold in the kitchen, termites, rotting roofs, bad wiring. I feel I know every problem that may arise. I delight in seeing the successful half hour transformation, and the anticipation as the music swells to reveal a dream home complete with a perfectly furnished interior. Tears of joy are shed, all initial trepidation fades,  every detail complete, all on budget, on time (sort of.) The introduction of home improvement TV shows has given a boost to the dream of finding a fixer home with instant equity.  There is a skill in identifying which properties will pay off. If you are considering a buying a fixer, here are some things to look for before you purchase. […]

Are You in The Pre-Approved Zone?

By |May 19th, 2015|

How to go from pre-approval to closing your loan
After you apply for a mortgage your first goal is to become pre-approved for your loan. That way, when you shop for your new home, you can inform the seller that you are prepared for your mortgage and will be ready to sign the final papers. When you become pre-approved for your mortgage, you are close to having the loan, but the operative word is close. You still need to be vigilant. Once you have been pre-approved you enter a zone where lenders are scrutinizing your financial records and preparing to issue the loan.

Stress Free Mortgage

By |May 4th, 2015|

You can keep your stress to a minimum when you apply for a mortgage by following some tried and true methods of keeping your credit score in good standing. Lenders report that the same 5 credit planning steps can help most in making the mortgage experience stress free. A credit report that is on point is your key to being offered the best interest rates or loans available from your lender. […]

Share Your Benefits with Your Family

By |May 4th, 2015|

Are your children ready to purchase a home or refinance? Perhaps a parent is looking to downsize? Great news: You can share your Advantage Home Plus benefits with family members. […]

Three Obstacles to Homeownership

By |May 4th, 2015|

“Five years ago I was newly divorced and bankrupt… today I have a great job and I own a home. My employee homeownership program is the reason this was so easy. I own a place and that feels pretty darn good! Thank you!” – AHP Client
Owning a home remains a major life goal for many adults, and similar to the majority of Americans who envision homeownership, there are some large obstacles that block their path of fulfilling their dream. But there are some action steps you can take to overcome these obstacles. […]