Monthly Archives: July 2013

Comments Off on If I’d Known …

If I’d Known …

If I’d Known …

We’ve probably all said or at least thought “if I knew then, what I know now, I would have done things differently.” We should have stayed in school longer. We should have listened to our parents. We should have bought Apple stock in 2002 for $8.50 that sells for $400 today. Or we could have … Continued

Comments Off on Retirement Without a Mortgage

Retirement Without a Mortgage

Retirement Without a Mortgage

Planning for retirement is obviously important and many times, an activity plagued by procrastination. Some people plan to have their home paid for by that magical date so they won’t have payments after they retire. It makes sense to eliminate a large recurring expense before they quit working. One strategy would be to be make … Continued

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When Rates Rise

When Rates Rise

Rising interest rates are great if you are renewing a certificate of deposit but not so much when you’re borrowing money. With interest rates on the rise as well as home prices, housing affordability is a concern for would-be homeowners. A rough rule of thumb is that a person’s or family’s housing should not exceed … Continued

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Assumable Mortgages: Advantages to Buyer & Seller

Assumable Mortgages: Advantages to Buyer & Seller

Here are some of the advantages of assuming an existing mortgage versus applying for a new one: Mortgage is further into amortization schedule Lower interest rate loans amortize faster than higher interest rate loans Lower closing costs than a new mortgage Easier to qualify than on a new mortgage No appraisal required There could also … Continued

Comments Off on Background as an Attorney

Background as an Attorney

Greg’s years of experience in the real estate industry as well as his background as an
attorney were evident in the expert advice that was provided to us at every step of
the process. Equally as important, I was impressed with Greg’s commitment to do
what is right for his clients, and the personal interest he demonstrates in addressing
specific concerns that his clients may have.

Comments Off on Mortgage Interest Rates: Where Are They Headed?

Mortgage Interest Rates: Where Are They Headed?

Mortgage Interest Rates: Where Are They Headed?

Today’s $20,000 question is…Where are mortgage rates headed in the near future? Most believe the rapid rise in rates experienced over the last month will not be sustained and that they will level off into a range between 4% and 5%. When recently asked, Zillow’s director of Mortgage Marketplace, Erin Lantz suggested: “It is impossible … Continued

Comments Off on FHA & VA Assumptions

FHA & VA Assumptions

FHA & VA Assumptions

Not many buyers have assumed a mortgage in the past 25 years. Most people think it was because FHA and VA in the late 80’s began to require that buyers qualify for the assumptions. Not having to qualify for a mortgage would certainly benefit certain buyers. If a homeowner must qualify for an assumption like a … Continued