Top Mortgage Advice For 2014!
As you may or may not know the clock is ticking for potential homebuyers who wish to obtain a low mortgage rate this year. However as long as you remain on the top of your game, act as quickly as you can, and maintain your finances correctly. You can still get your hands on a very appealing mortgage deal. In order to help you with this we have gathered the top advice for mortgage borrowers during 2014. 1.) Be Sure To Maintain Good Credit: It is imperative that you maintain good credit if you want a mortgage because it is basically impossible to obtain a mortgage without a decent credit score. This will be especially so during 2014 so if you want that low rate be sure to maintain good credit. The best rates go to borrowers with a credit score of 720 and higher. 2.) Be Sure To Document All Your Finances: It is very important that you document any and all of your financial information. There are lots of new rules this year that are going to put extra pressure on lenders to ensure you have the ability to pay back your loans. So during 2014 lenders are going to be extremely meticulous when it comes to underwriting mortgages. 3.) Be Sure To Shop Around: Be sure you shop around for your lender because as rates have...
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Pre-Approval Vs. Pre-Qualification!
Getting a financial frame of reference for your home search is extremely important to the success of your home buying experience. However, it has come to our attention that more and more people don’t fully understand what being pre-qualified and pre-approved means and the difference between the two. These two terms have very different meanings and have different impacts when it comes time to make an offer. Pre-Approval: Getting a pre-approval from a lender means that the lender has done some extensive and significant research into your financial history and they have agreed to loan you a certain amount. This carries much more weight than pre-qualification and sellers love seeing that a potential buyer has already been approved for an amount equal to the sales price. Pre-approval conveys very clearly to sellers that all of your finances are in order and you are truly ready to buy. Pre-Qualification: In contrast to being pre-approved, being pre-qualified for a loan is seen as more of a rough draft of what a potential buyer might be able to afford. It really says nothing about what you can afford, and it basically means that you may be able to afford that amount and that you probably could obtain a loan for that amount. When a seller sees a pre-qualification letter in an offer it will hold some type of credibility just not the...
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Staging The Right Way!
When selling your home one of the most important things that you can do to better its chances in the housing market is to stage it. Staging a home does not necessarily translate into an increase in selling price but when done right it can help highlight your home’s strengths and downplay its weaknesses increasing its appeal to potential buyers. Which can better its chance of getting sold quicker and at more of a premium selling price. 1.) Clean It Until It Sparkles: It is imperative that the first thing you do is clean, clean, and then clean your home again until it sparkles. The most effective way to freshen up a home and make it more appealing to potential buyers is by cleaning it. This means the entire house even the places that you are positive no one will look because trust me they will. 2.) Clear Out Your Clutter: Once you are done cleaning your home it is important that you clear out any clutter or personal items from your home that you may have come across. You should try and only keep around the things that are an absolute necessity to your daily life or that help add aesthetic appeal. There are a variety of storage options that you can utilize for anything you don’t want to throw away. 3.) Keep Everything Neutral: It is important...
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What Do You Do After You Sell Your Home?
So you have closed on your home and now all of your work is done right? Wong, there is much, much more that you can and should do. After the sale of your home has come through you should consider doing the following things. These things will help a great deal after you are done selling your home. 1.) Collect And Keep All Of Your Paperwork: It is imperative that you collect and keep any and all of the paperwork that you have related to the closing and settlement of your home. Even though it may be tempting to consider shredding all of your paperwork it will come in very handy when tax time comes. 2.) Rectify Your Change Of Address Notice: It is extremely important to you and your family that you rectify your change of address as soon as you possibly can. The U.S Postal Service suggests that you consider completing your change of address notice as early as 30 days prior to your move. 3.) Put Your Cash In A Money Market Fund: Unless you plan on buying a new home right away it is extremely important that you consider putting the revenue from the sale of your home into a money market account. This is a very safe place to put your money that will afford you with a reasonable amount of return. 4.) Stay...
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Five Moving Mistakes To Avoid!
Buying a home is stressful enough there is no reason why you should pack on any unneeded stress with a difficult moving experience. Moving is often viewed as an arduous process that makes us tied, overworked, and full of stress. However, it doesn’t need to be that way and often most of the difficulty and stress involved in moving is brought on by unnecessary and avoidable mistakes. So here is a list of very common moving mistakes that you should avoid at all costs. 1.) Forgetting To Label Your Boxes: Labeling your boxes is a very simple and easy task, yet when people go to move it is often forgotten or neglected. For optimum efficiency you should not only label what is in your boxes but where they are going in your new home too. 2.) Packing Harmful Or Hazardous Items: This is a huge and very dangerous mistake, you should never ever pack away chemicals or hazardous items. These types of things should always be transported safely in a separate vehicle to ensure the safety of everyone involved in your move. 3.) Not Packing Yourself A Survival Kit: Anyone who has moved before will tell you that they would have loved a survival kit for their moving day. This can be anything from extra toilet paper and headache pills to a flashlight, scissors, and a screwdriver. 4.) Thinking...
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Must Have Upgrades For Your Luxury Home!
Owning a luxury home is an experience unlike any other and with that comes a lifestyle that exceeds most people’s expectations. When you own luxury real estate you expect your home to satisfy all of your needs and wants and often this requires you to put in some upgrades and extras. So we have developed a list of the top must have upgrades for your luxury home. 1.) Built In Surround Sound: One of the best and most desirable upgrades that you can add to your luxury home is a built in surround sound system throughout the property inside and out. There are systems out there that allow you to turn music on or off in any area on the property from the master bed to the pool and spa area. 2.) A Custom Wine Cellar: Luxury living and fine wine go together better than anything else in the world and that is why a custom wine cellar is a must have for your luxury home. There are many different ways to incorporate a wine cellar in your luxury home and they can go anywhere from the basement to the attic. 3.) Custom Outdoor Living Areas: Your luxury home needs the perfect custom outdoor living area to really deliver that luxury lifestyle and appeal. A fire pit with some highlighting water features makes a great outdoor getaway. Be sure...
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