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Monthly Archives: February 2022

    Assumptions Make Sense Again

    By Mike Parker | February 28, 2022

    Existing FHA and VA mortgages are assumable at the note rate to owner-occupied buyers who qualify.  This can be an alternative to paying higher, current rates and benefit buyers with lower closing costs while saving money on the payment. For the last 20 years, rates have been steadily coming down and there was no reason... Read More

    Some Should Consider an ARM

    By Mike Parker | February 21, 2022

    Adjustable-rate mortgages are not the right choice for many homeowners especially, if they plan to own the home for a long time.  Less than 3% of buyers choose an adjustable-rate mortgage according to NAR’s 2021 Profile of Home Buyers and Sellers.  With fixed-rate mortgages hovering in the mid 4.00% range, it’s understandable that people select... Read More

    Moving Tips

    By Mike Parker | February 17, 2022

    Whether you’re moving locally or across the country, moving is hard work! Use our handy guides to make the job easy! Tips for a Stress-Free Move! When you know the date you’ll be moving, remember to do the following: If you’re leasing your current home, give written notice to the landlord of your intent to... Read More

    Waiting Will Cost More

    By Mike Parker | February 17, 2022

    Mortgage rates have been kept artificially low by the Federal Reserve since the Great Recession in 2010.  There is a whole generation of people who have never known what might be called normal mortgage rates.  And then, most of the rest of the adults in America have forgotten what average rates were in the 60’s,... Read More

    Why A Home Should Be Your First Investment

    By Mike Parker | February 8, 2022

    Real estate has been described as the basis of all wealth.  Without considering income or investment property, buying a home to live in is an incredibly powerful way to build wealth or financial net worth. A home is an asset measured by the size of the equity.  Equity is simply the difference between the value... Read More

    Paying Points to Lower the Rate

    By Mike Parker | February 2, 2022

    Two commonly known ways to lower your mortgage payments are to make a larger down payment especially if it eliminates private mortgage insurance and improve your credit score before applying for a mortgage. Another way to lower your payment would be to buy down the interest rate for the life of the mortgage with discount... Read More