Sunday, November 13, 2022 / by Capprice Kitchen
Saturday, October 29, 2022 / by Capprice Kitchen
Buying a home requires more than finding the perfect home. First, you need financing, or you won’t be able to buy the home.
Lenders have specific requirements when considering buying a home, so knowing what questions you should ask them is important.
How Much do I Need for a Down Payment?
Your down payment depends on the loan program you choose. For example, VA loans don’t require a down payment, but FHA loans require 3.5% down. Conventional loans require 5% down in most cases, and if you put down less than 20%, you’ll pay Private Mortgage Insurance.
Discuss your down payment options and how much you should put down to get the best rate and terms on your loan.
What’s the Best Interest Rate I can Get?
Interest rates are much higher this year than last, so you should talk to your lender about how you can lower your rates.
They’ll look at your qualifying factors and tell you what you can ! ...
Friday, February 18, 2022 / by Capprice Kitchen
Along with other pre-listing tasks, such as repairs and curb appeal projects, sellers should order a title search to determine if any liens are on the property. Some liens are expected, such as the mortgage lien which ensures any home loan is paid off at the time of close, but others might come as a surprise. Here are a few liens which can derail your closing.
· Mechanics Lien – A contractor may place a mechanics lien on your home to make sure they are paid after a home project.
· Divorce Lien – Even if you and your spouse have agreed on the sale of the home, the court may need to approve the sale before the lien can be removed.
· Homeowner’s Association – Past due HOA payments. ...
Monday, February 7, 2022 / by Capprice Kitchen
It’s a smart move to want to know what’s in store for the Housing Market before diving in, so here are my predictions for the upcoming months:
For home buyers, you’ll have much to look forward to as the inventory will be on the upswing. However, the market will remain competitive. Competition means having to make quick decisions in order to win offers.
To navigate these waters, it’s important to carefully consider your budget and hone in on a list of must-haves.
For homeowners that are ready to sell, you’re in a good position, as we are in the midst of a seller’s market, meaning the seller has the upper hand.
Demand is high, and with inventory still low, sellers can set their prices higher - but not too much higher as the property must still meet the appraisal for a lender to loan on the property (don’t price yourself out of the market).
Expect to see b ...