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Monthly Archives: August 2017

    Your Home’s Equity Could Be the Answer

    By Mike Parker | August 28, 2017

    A home equity line of credit, HELOC, is a mortgage loan made to homeowners to be used on an as-needed basis. A lender, such as a bank, will approve a borrower for a specified amount based on the equity in their home and all the necessary paperwork is signed to authorize the loan. The line... Read More

    Which Value Do You Want?

    By Mike Parker | August 21, 2017

    What your home is worth depends on why you ask the question. It could be one value based on a purchase or sale and an entirely different value for insurance purposes. Fair market value is the price a buyer and seller can agree upon assuming both are knowledgeable, willing and unpressured by extraordinary events. This... Read More

    Shorter Term – More Savings

    By Mike Parker | August 17, 2017

    Whether you’re refinancing your current home or buying a new one, something worth considering is a 15-year loan rather than a 30-year term. The payments will be a little higher but you’ll get a lower interest rate and you’ll build equity much faster. Let’s look at an example of a $300,000 mortgage with the choice... Read More

    Home Energy Aware

    By Mike Parker | August 7, 2017

    After the mortgage payment, the largest homeowner expense is for utilities and the major component is energy.  Contributing factors include air leaks, insulation, heating and cooling equipment, water heaters and lighting. Computers, monitors, TVs, cable and satellite boxes, DVRs and power adapters are spinning your electric meter even when they’re not being used. Even though... Read More

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Our agents write often to give you the latest insights on owning a home or property in the local area.