Author Archive: John Evans

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5 Tips for Crafting a Counter-offer That Doesn’t Scare Away a Potential Home Buyer
By May 3, 2017 Read More →

5 Tips for Crafting a Counter-offer That Doesn’t Scare Away a Potential Home Buyer

If you’ve recently put your home up for sale, one of the most exciting parts of the selling process is getting an offer. However, all is not said and done once you’ve received an offer, as you’ll probably want to negotiate a better price. If you’re wondering how you can counter without losing a potential buyer, here are some tips when the time comes to negotiate.

Posted in: Home Seller Tips
Honesty Is the Best Policy: Why You Need to Be Truthful on Your Mortgage Application
By May 2, 2017 Read More →

Honesty Is the Best Policy: Why You Need to Be Truthful on Your Mortgage Application

There are few things better than finding your dream home and being able to afford it, but simply because you’ve found the perfect place doesn’t mean you should stretch the truth. It might seem tempting to polish your mortgage application a little in the hopes of making a better impression, but here are a few reasons why you should stick to the truth when signing off on your home.

Posted in: Home Mortgage Tips
What’s Ahead For Mortgage Rates This Week – May 1, 2017
By May 1, 2017 Read More →

What’s Ahead For Mortgage Rates This Week – May 1, 2017

Last week’s economic news included readings on Case-Shiller Home Prices Indices, new and pending home sales. Weekly readings on new jobless claims and average mortgage rates were also released. Case-Shiller reported that home prices rose by 0.20 percent from January to February with a year-over- year growth rate of 5.80 percent.

Posted in: Mortgage Rates
Buying a ‘Micro’ Home? Be Sure to Consider These Major Lifestyle Changes First
By April 28, 2017 Read More →

Buying a ‘Micro’ Home? Be Sure to Consider These Major Lifestyle Changes First

With the cost of a home on the rise and the concept of being sustainable becoming more popular, many people are considering moving to a smaller home to minimize their impact. It’s important, however, to consider what living small is really like before deciding that it’s the right move for you. If you’re curious about life on a smaller-scale, here are some things to contemplate beforehand.

Posted in: Home Buyer Tips
Case-Shiller: February Home Prices Grow at Fastest Pace in 3 Years
By April 27, 2017 Read More →

Case-Shiller: February Home Prices Grow at Fastest Pace in 3 Years

According to the Case-Shiller National Home Price Index, February home prices grew at their fastest pace in three years. While home prices have steadily grown in recent months, growth rates slowed in many areas month-to-month; the escalation of home prices from January to February indicates stronger housing markets. National home prices increased by 0.20 percent in February to a seasonally-adjusted annual rate of 5.80 percent appreciation.

Posted in: Home Values
What Fees or Costs Are Involved With a Reverse Mortgage? Let’s Take a Look
By April 26, 2017 Read More →

What Fees or Costs Are Involved With a Reverse Mortgage? Let’s Take a Look

As a means of avoiding monthly mortgage payments, a reverse mortgage is a way for homeowners to tap into their equity in order to defer the payments on their home. While this can be a beneficial option for those who are older than 65, it’s important to be aware that – like any mortgage product – there are a number of associated fees. If a reverse mortgage is something you’re considering in the future, here are some of the costs you’ll be looking at.

Posted in: Home Mortgage Tips
How Young Is ‘Too Young’ to Buy Your First Home? Getting Started Early Has Its Ups and Downs
By April 25, 2017 Read More →

How Young Is ‘Too Young’ to Buy Your First Home? Getting Started Early Has Its Ups and Downs

Many millennials are expected to enter the housing market in the next year with the interest rates still low. However, while it may be a good time, it does not necessarily mean that it’s the right time for you to make the investment. If you’re currently weighing your options when it comes to home ownership, here are some things to consider before you decide put the money down.

Posted in: Home Buyer Tips
What’s Ahead For Mortgage Rates This Week – April 24, 2017
By April 24, 2017 Read More →

What’s Ahead For Mortgage Rates This Week – April 24, 2017

Mortgage rates fell below three percent according to Freddie Mac. The average rate for a 30-year fixed rate mortgage dropped from 4.08 percent to 3.97 percent; the average rate for a 15-year fixed rate mortgage fell by nine basis point from 3.34 percent to 3.23 percent. The average rate for a 5/1 adjustable rate mortgage was eight basis points lower at 3.10 percent. Discount points averaged 0.50 percent for fixed rate mortgages and 0.40 percent for a 5/1 adjustable rate mortgage. Lower mortgage rates are good news for home buyers challenged by rapidly rising home prices based on high demand and low supplies of homes for sale.

Posted in: Mortgage Rates
Did You Know? How Accelerating Your Mortgage Payments Can Help Your Credit Score
By April 21, 2017 Read More →

Did You Know? How Accelerating Your Mortgage Payments Can Help Your Credit Score

The tough part might be over after your mortgage has been approved, but it’s still important to keep on top of your monthly payments and maintain a good credit score for your financial future. If you’re currently wondering how increasing your mortgage payments can help your credit outlook, here are some things to consider.

Posted in: Home Mortgage Tips
Going on a Nice Vacation? Protect Your Home and Valuables With These 3 Key Tips
By April 20, 2017 Read More →

Going on a Nice Vacation? Protect Your Home and Valuables With These 3 Key Tips

It’s always exciting to pack up and get away from your home for the sake of escape, but going on vacation also means leaving your home behind. While a good neighborhood can go a long way towards making sure your home stays safe in your absence, here are some additional tips for how to ensure you’ll be coming back from your trip without incident.