by Elsa Soto | Jun 25, 2020 | Blog, Buyers, Homeowners, Local Events, Mortgages, News, Real Estate News, Renters, Sellers
The new-home market is booming as states wind down sheltering-in-place restrictions, easing the search for a new home. Sales of newly built single-family homes last month jumped nearly 13% over 2019—that is the strongest May since 2007, according to newly released...
by Elsa Soto | Jan 16, 2020 | Blog, Buyers, Mortgages, News, Real Estate Components, Real Estate News, Renters
What is an Earnest Money Deposit? Real estate agents are expected to understand and explain earnest money deposits to their clients, including why they’re necessary and how they affect the home buying process. A deposit like this shows the seller that a buyer is...
by Elsa Soto | Dec 16, 2019 | Blog, Mortgages, Real Estate News
Financing a home is one of the most critical factors for buyers looking to purchase real estate. Here are some suggestions on How to Finance a Home Creatively that you may not have been aware of. Investigate local, state, and national down payment assistance...
by Elsa Soto | Dec 9, 2019 | Blog, Buyers, Mortgages, News, Real Estate Components, Real Estate News
Term.Mortgages are generally available at 15-, 20-, or 30-year terms. In general, the longer the term, the lower the monthly payment. However, shorter terms mean you pay less interest over the life of the loan.Fixed vs. adjustable interest rates.A fixed rate allows...
by Elsa Soto | Nov 18, 2019 | Blog, Buyers, Mortgages, News, Real Estate News
Loan terms, rates, and products can vary significantly from one company to the next. When shopping around, these are a few things you should ask about.General questions:What are the most popular mortgages you offer? Why are they so popular?Are your rates, terms, fees,...
by Elsa Soto | Oct 21, 2019 | Blog, Mortgages, Real Estate News
Develop a budget.Instead of telling yourself what you’d like to spend, use receipts to create a budget that reflects your actual habits over the lastseveral months. This approach will better factor in unexpected expenses alongside more predictable costs such as...
