Lending
Tips To Prepare For Your Home Appraisal
You want your home to appraise as best as possible when selling your home so you can determine its true value. A licensed appraiser will determine the worth of your home based on recent sales prices of comparable properties. If you prepare your home for the appraisal ahead of time, chances of getting favorable results are higher. Below are…
Read MoreTips to help you pay off your mortgage early
Here are a few tips and tricks to help you pay off your mortgage quicker: Make an extra payment. Divide your monthly payment by 12 and add that amount to your principle each month. If your income increases, do not increase your spending. It is always tempting to spend more, when we are making more.…
Read MoreTitle Insurance, What is it?
Title insurance protects real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances or defects in the title to the property. The title to a piece of property is the evidence that the owner is in lawful possession of that property. A title insurance policy insures the…
Read MoreEverything you Must Know About VA Loans
Everything you Must Know About VA Loans If you’re a veteran of the military, you may be eligible for VA financing. This 100% financing program allows veterans to buy their dream home with no money down and the most flexible underwriting guidelines out of any program. So, what is the VA loan and how does…
Read MoreCan a Seller Back Out after a Low Home Appraisal?
Low appraisals have become the norm for the inflated real estate industry lately and for good reason. Bidding wars have caused home prices to inflate significantly, but the prices aren’t always warranted. Many buyers covered the difference because they had faith the values would bounce back and the home would be a good investment, but…
Read MoreDo Lenders Require a Home Inspection for Mortgage Approval?
Securing home financing can feel overwhelming. Lenders ask for a lot of information not only about you, but the property too. It’s their job to make sure the collateral is worth what you’re paying so they don’t get in over their heads if you default. One question that comes up often is whether lenders require…
Read MoreFrequently Asked Questions for Inspectors
Before making a final decision to purchase a home, it is a good idea to ask your home inspector some questions. You may be interested in learning about the roof’s condition, the presence of pests, and any leaks discovered in the house. Whether you are looking for a new home or purchasing an older home,…
Read MoreFacing a Bidding War on Your Dream Home?
Here are a Few Winning Strategies Despite setbacks from the COVID-19 pandemic, the real estate market has remained strong in our area, with demand for homes often exceeding inventory. This can lead to bidding wars, in which multiple buyers compete for a home by making increasingly higher offers. While a bidding war is the ideal…
Read MoreTom Hegna “Don’t Worry Retirement Happy”
We hope all is well for you in these crazy times! Because of these tumultuous times, many people are thinking more about their finances and the planning they have in place. To help provide a resource to his clients, Reg Aldrich, with COUNTRY Financial®, will be hosting a Virtual Event featuring Tom Hegna that will hit…
Read MoreHome Prices Continue to Accelerate
Nearly every major metro area across the country saw home prices continue to escalate in the second quarter. Median single-family home prices increased year over year in 96% of measured markets—or 174 out of 181—during the quarter, according to the latest report from the National Association of REALTORS®. That percentage matches the metro areas in…
Read More