Author Archive: John Evans

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A Mortgage Pre-Approval Can Help You In Your Home Purchase Negotiations
By March 29, 2018 Read More →

A Mortgage Pre-Approval Can Help You In Your Home Purchase Negotiations

A mortgage pre-qualification is an initial estimate of what type of mortgage a borrower could get. It is limited, though, because it’s only based on what the borrower tells the lender, which might not be the same as what the lender finds out when it goes through a full process of analyzing the borrower and his credit.

Posted in: Mortgage
5 Tips For Prospective Buyers To Submit A Winning Offer
By March 28, 2018 Read More →

5 Tips For Prospective Buyers To Submit A Winning Offer

In a hot real estate market, agents often tell buyers they must expect to make multiple offers before one is accepted. Disappointment may be the new normal rather than an exception. The stress of repeated rejections isn’t easy, so be prepared.

Posted in: Real Estate
Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions
By March 27, 2018 Read More →

Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions

US homeowners now have over 5 trillion dollars in home equity which is a very large amount of money! So this year may be the year for a lot of cash out refinances and other home equity mortgage products. Most often, when you are purchasing a home, you are buying at or below the appraised value and you are making a down payment.

Posted in: Mortgage
What’s Ahead For Mortgage Rates This Week – March 26th, 2018
By March 26, 2018 Read More →

What’s Ahead For Mortgage Rates This Week – March 26th, 2018

Last week’s economic releases included readings on new and pre-owned home sales and the Federal Open Market Committee’s customary post meeting statement. Fed Chair Jerome Powell gave his first press conference as Chair of the Federal Reserve and FOMC. Weekly readings on mortgage rates and first-time jobless claims were also released.

Posted in: Financial Reports
6 Top Trending Green Features To Consider When Remodeling
By March 23, 2018 Read More →

6 Top Trending Green Features To Consider When Remodeling

Sustainable materials, energy savings and smart home technology are high on the list of buyer wants in a home. But there are some other architectural and design trends that will change the way Americans live in 2018 and beyond. When planning a remodel, it pays to pay attention to green features, as well as to improved floor plans that will make a home more comfortable, more appealing and more functional.

Posted in: Real Estate
What Changes Occurred In FHA And FNMA Rules During 2018?
By March 22, 2018 Read More →

What Changes Occurred In FHA And FNMA Rules During 2018?

Those who are involved in the mortgage industry must keep updated on changes to FHA, and Fannie Mae (FNMA) loans. Since loan limits and other changes are often made annually, keeping up with these changes helps make sure consumers get the right information at the time of their application.

Posted in: Mortgage
7 Excellent Ideas For Building An Eco-Friendly Home
By March 21, 2018 Read More →

7 Excellent Ideas For Building An Eco-Friendly Home

In recent years, building an environmentally friendly home or updating an existing home to be more energy efficient has become much more mainstream. While building an entirely green residence isn’t always fiscally possible, simple eco-friendly building techniques and upgrades will ultimately lower your water and electricity bills.

Posted in: Real Estate
The Four Best Questions To Ask Before Refinancing Your Mortgage
By March 20, 2018 Read More →

The Four Best Questions To Ask Before Refinancing Your Mortgage

When trying to decide what to do, compare the cost of refinancing with what it would cost you in additional interest to hold on to your existing loan. While the breakdown is different for every borrower, generally, you’ll need to keep your current house and loan for anywhere from three to six years to break even on the costs of refinancing.

Posted in: Mortgage
What’s Ahead For Mortgage Rates This Week – March 19th, 2018
By March 19, 2018 Read More →

What’s Ahead For Mortgage Rates This Week – March 19th, 2018

Last week’s economic news included readings From National Association of Home Builders, Commerce Department reports on housing starts and building permits issued Weekly readings on mortgage rates and new jobless claims were also released.

Posted in: Financial Reports
Moving From An Apartment To A House? Here’s What You Need To Remember About Your Lease
By March 16, 2018 Read More →

Moving From An Apartment To A House? Here’s What You Need To Remember About Your Lease

The major problem that the vast majority of buyers will run into – especially when purchasing their first home – has to do with a lease agreement that is still active with their apartment complex at the time of the purchase.

Posted in: Real Estate