Latest Articles

The 90 Day Rule for Cash Buyers

How to buy your house with cash and still get the mortgage interest tax deduction. Buying homes with cash has increased drastically as buyers seek a competitive edge in the tight housing market. The percentage of cash buyers hit 23% in July 2021. If you have the means to purchase without taking out a mortgage […]

New VA Appraisal Fees and Timeliness Guidelines

Busy Market Causes Appraisal Cost and Timing Increases In response to the increase in home purchases and the subsequent need for home appraisals, appraisers are in high demand this year. While the appraisal environment may calm down in the future, the cost and waiting time for appraisals is increasing. In response, VA has updated their […]

Fall Home Maintenance Checklist

As the weather starts to cool and the leaves begin to change colors, it is time to start thinking about fall home maintenance. From lawncare to reviewing your roof, we have you covered with this fall maintenance checklist. #1 Protect your plants. Trimming back plants. If you’re starting this list early enough and temperatures haven’t […]

Home Maintenance Costs and Budgeting

The current #1 regret for homebuyers is being underprepared for maintenance costs. Based on a recent BankRate survey, 21% of homebuyers cited high maintenance costs as their greatest regret. Homeownership is an amazing way to build wealth and security. It is important to be prepared to make that big financial step. So, let’s take a […]

Closing Costs

Closing Costs Closing costs are the fees charged for the various services needed to obtain a mortgage. Both purchase and refinance mortgages come with closing costs. These costs average 2% to 5% of the total loan cost. An estimate of these fees will be included in your Loan Estimate. The final list of closing costs […]

VA Appraisal Process

U.S. Veterans have access to exclusive home loan options with a variety of perks including $0 down payment, no PMI, and no prepayment penalties just to name a few. One VA home loan perk that is particularly useful in today’s hot housing market is the unique appraisal process. For details on what an appraisal is […]

Homestead Tax Exemption

A homestead tax exemption or relief program is a program generally run by state or local municipalities that decreases the amount of property tax owed by a homeowner. While rules and eligibility vary from municipality to municipality, a standard requirement is that the homeowner must use the property as their primary residence (aka homestead).   […]

Can I Afford a Vacation Home?

  The sun warms your head as your feet sink into the sand and you realize you want to make this slice of heaven yours. So, how do you decide between renting or owning your vacation home? Here’s some vacation home math to help you run the numbers: STEP 1: CALCULATE YOUR “NET HOMEOWNERSHIP COST” […]

What is in a Credit Report?

A key item in any mortgage process is a credit report. It examines the financial health of a borrower. The components of a credit report combine to generate that all-powerful number, the credit score. Lenders use this information to measure potential risk. Generally, a stronger credit score has a lower risk of the borrower defaulting […]