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Category Archives: Mortgages & Loans

FHA Launches HAWK Program for First-Time Homebuyer Discounts

Loans insured by the Federal Housing Administration are popular among today’s homebuyers because they require a minimum down payment of only 3.5 percent and a lower minimum credit score. Now, to make things even better, the FHA has added a new program called Homeowners Armed with Knowledge (HAWK) to assist first-time homebuyers. The idea behind HAWK is that the more borrowers understand about homeownership, the less likely that are toRead more about FHA Launches HAWK Program for First-Time Homebuyer Discounts

How to Find the Best Contractor for Your Home Renovation

You’re ready to move forward with your home renovation and now need to find the right contractor to complete the job. You’ve heard the horror stories of contractors leaving a leaky roof, lumber with exposed nails left outside the house for weeks and even causing carbon monoxide poisoning by tearing off the vent to the hot water heater. Yeeesh! But don’t let that stop you from remodeling and updatingRead more about How to Find the Best Contractor for Your Home Renovation

Creating a Property-Specific Home Renovation Plan

Now that you’ve found the perfect older home to invest in, you’ll need to create a renovation plan that’s property-specific. This is where I can bring you all of my experience as a Realtor and community connector. I’ll be right by your side every step of the way during your home renovation by personally interviewing the contractors while bringing my longstanding people and references to you. I’ll help youRead more about Creating a Property-Specific Home Renovation Plan

How to Qualify the Perfect House For Renovation

How do you know if the older home you have your eye on is not going to be a big disappointment? Simple. As your Realtor, I’ll qualify the candidates in the older neighborhood so we’ll find the right home for you. First, we’ll make sure that the money you’re going to invest in your project is supported by the neighborhood. Are the neighbors keeping up with their properties andRead more about How to Qualify the Perfect House For Renovation

What Rising Rates Mean To a Homebuyer

Why did interest rates go up and what does that mean for homebuyers? Here’s what’s going on currently in the market: Recently, the rates jumped from the mid 3% range to 4.5%, so the monthly payment for a $200,000 loan for 30 years would be $1,013 vs. $843. Over the course of a year, that’s $2,040 more in payments a year. Rising interest rates hurt first time homebuyers theRead more about What Rising Rates Mean To a Homebuyer