How to Lower Your Mortgage Payment with Points
Anyone who’s been on the hunt for a new home recently has felt the pain of high-interest rates. In the past couple of years, for some home buyers, the cost of monthly mortgage payments has doubled, leaving many people unable to afford the homes they could only a few years ago. Luckily, there’s an option […]
Reasons you may not get your Earnest Money Back
Buying a home is usually the largest purchase in someone’s life, so understanding the full process is critical. Part of the process includes earnest money, which is money paid to the seller when an offer is accepted. This acts as insurance for the seller because it shows that the potential buyer is invested and serious […]
It’s Never Too Early for Pre-Approval
When it comes to buying a home, one of the first steps potential buyers should take is getting pre-approval for a mortgage, and it’s never too early to start the process. By getting pre-approved, home buyers will know exactly how much home they can afford. Plus, the pre-approval letter tells sellers that the buyer is […]
Invest in Your Future: Put your Tax Refund Towards Home Ownership
The average tax refund check, over the past few years, hovered around $3,000. Although it’s predicted that 2022 tax refund checks may be less than last year, due to the end of pandemic benefits, potential home buyers can still use that extra money to invest in their future. Many people shopping for a home use […]
Clearing up 5 Common VA Loan Myths
For almost 80 years, VA loans have helped our country’s military service members realize the dream of homeownership. Sellers and real estate agents who choose to ignore the VA benefit earned by military families and Veterans are missing an opportunity to work with a strong, pre-approved buyer, and are discriminating against those who have served […]
What Rising Interest Rates Mean for Our Local Housing Market
Over the past year, the local real estate market has been hot. Houses are being sold as soon as they make it onto the market, and builders are having a tough time meeting demand. To say the real estate market has been busy is an understatement. Construction material shortages, low interest rates and the desire […]
Multiple Real Estate Agents Will Not Find You a Home Faster
The past few years have definitely been a sellers’ market. Many homes are under contract within the first few days of a listing being active, which requires buyers to be flexible and competitive when it comes to showings and putting offers together. A trend realtors are seeing right now are buyers wanting to use multiple […]
Considering Switching Mortgage Lenders Before Closing? Think Again.
Changing mortgage lenders after an offer has been accepted and before closing isn’t common, but it’s not completely uncommon either. It is prevalent across residential housing market, because many are working with professional realtors in Central Indiana. A buyer may choose to change their mortgage lender for any number of reason, but there are three […]
Which Comes first the Lender or the Realtor?
Depending upon who’s being asked, there’s a lot of ways to answer the question, “Which should I talk to first, a realtor or a lender?” The real answer is either can come first. A realtor is going to suggest getting a pre-approval letter from a lender so they know how much house can be afforded. […]
Is using a buyer’s agent free?
Real estate agents get paid through a real estate professional fee, which comes from the sale and/or purchase of a piece of property. But, who pays the this fee, the buyer or seller or both? Is using a realtor to buy a house free to the buyers? These are common questions among first-time buyers and […]