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09 Jul 2021
By noelkelman

A Review Of Government Vs Conventional Mortgages

Mortgage, ,
There are two broad categories of mortgages. The first is government mortgages, which include USDA, FHA, and VA loans. These loans are backed and insured by the United States government. The other category is conventional mortgages. These are mortgages that are insured by private lenders, such as banks and credit unions. What are the differences between these two loan options? Government Mortgages The qualifications for government mortgages are usually more lenient than conventional loans. For example, FHA mortgages are usually backed by the Federal Housing Administration. FHA loans could be a smart option for borrowers who might not be able…
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08 Jul 2021
By noelkelman

Refinancing A Mortgage: Is It Too Soon?

Mortgage, ,
Due to the fact that mortgage rates are still hovering near record lows, many homeowners are considering refinancing to a lower interest rate. This is a great way for homeowners to shorten the term of the loan, reduce the size of their monthly payments, and access cash for a home improvement project. On the other hand, there are some situations where it might be too soon to refinance an existing mortgage. What are a few factors to consider? Conventional Home Loans Might Require A Certain Amount Of Equity Homeowners with a conventional loan should reach out to their lender to…
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07 Jul 2021
By noelkelman

Let’s Talk Hardwood: Why Converting Your Home to Hardwood Flooring Will Boost Its Value

Home Seller Tips, ,
When a homeowner makes the decision to upgrade flooring in one area of the home or throughout the entire space, there are numerous materials that may be considered. While each material option has its unique benefits and advantages, many are drawn to hardwood flooring as an option. This is a material that has the potential to boost home value, and a closer look at its benefits will reveal why this is the case. A Durable, Long-Lasting Material With many flooring options, homeowners understand that the material will need to be replaced or upgraded over the years. With hardwood flooring, the…
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06 Jul 2021
By noelkelman

What’s Ahead For Mortgage Rates This Week – July 5, 2021

Financial Reports, ,
Last week’s economic reports included readings from S&P Case-Shiller Home Price Indices and data on pending home sales. Readings on job growth and und unemployment were also released along with weekly reports on mortgage rates and jobless claims. S&P Case-Shiller: April Home Price Gains Reach Record Highs Craig Lazzara, managing director and global head of investment strategy for S&P Dow Jones Indices, said that April’s year-over-year national home price growth rate of 14.60 percent was “ truly extraordinary.” All cities included in the 20-City Home Price Index posted higher home prices;  five cities including Charlotte, North Carolina, Cleveland, Ohio, and…
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02 Jul 2021
By noelkelman

Have a Weekend to Spare? Consider These Quick Renovations to Add Value to Your Home

Around The Home, ,
Homeowners who are thinking about listing their home for sale in the coming weeks or months may be focused on improving their home to help it sell more quickly, but there also may be a focus on adding value to the home in the process. While each home is unique, there are a few projects that most homeowners would benefit from. In fact, these are a few simple and easy projects that can typically be completed over the course of a weekend; that can add value and desirability to the home. Replace The Front Door The front door has an…
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01 Jul 2021
By noelkelman

There Are Major Incentives For Homeowners To Sell Their Homes Now

Mortgage, ,
Now is a great time to take out a new home loan because mortgage rates continue to hover near historic lows. As a result, many homeowners are refinancing to a lower rate. This is also the perfect time to move because homeowners can take out a new home loan with a lower interest rate. Mortgage rates will not remain at historic lows forever and have already begun to rise slowly this year. Homeowners should sell now and take out a new home loan before they rise too much. Homeowners Can Take Advantage Of A Bidding War Because the real estate…
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30 Jun 2021
By noelkelman

3 Reasons to Avoid Giving Wrong Information on Your Mortgage Application

Home Mortgage Tips,
A mortgage application is typically several pages in length, and it requires you to provide a considerable amount of information about your personal, professional and financial life. Some mortgage applicants may not have access to all of the information when completing the application, and others may simply skim over the form and provide incomplete answers. These are only a few of the reasons why information on the mortgage application may not be accurate, but there are several key reasons why applicants should avoid giving inaccurate information. Loan Approval is Based on It The initial loan application will usualy serve as…
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29 Jun 2021
By noelkelman

Surprising Secrets Of Successful Home Staging

Home Tips, ,
Before you let a potential buyer see your home, take the following steps to ensure a great showing. These surprising secrets of successful home staging will help. Maximize Horizontal Space Horizontal space gives the illusion of spaciousness. Nearly every homebuyer wants to buy a home with lots of living space. The horizontal space you create doesn’t even need to be utilized. You can create the horizontal space by: Clearing surfaces like countertops, tables and desks Hanging floating bookshelves with nothing on them Clearing the tops of kitchen cabinets Invest In Fresh Flowers And Plants Fresh flowers and plants evoke feelings…
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