Mortgage Loans | Northern Kentucky Real Estate

You Don’t Have to Give an Arm to Get a Lower Rate

Rising interest rates compounded with increasing home prices are causing affordability issues for many buyers. To keep payments low, you won’t have to give an arm, but more buyers are…

Written by Mike Parker

June 6, 2022

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Paying Down Your Mortgage

When the situation arises that you have a lump sum of cash to pay down your existing mortgage, there may be different options available. Pre-paying principal on a fixed-rate mortgage shortens…

Written by Mike Parker

December 22, 2021

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Good Decision for a Second Opinion

You’ve done your homework, contacted a mortgage company and believe you are pre-approved. That part of the process is finished and you can concentrate of finding a home and moving…or…

Written by Mike Parker

July 7, 2020

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Roll the Repairs into the Mortgage

It’s been said that if you can find a home that has most of what you want, you should go ahead and purchase it. Many first-time buyers are using everything…

Written by Mike Parker

November 16, 2018

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Assumptions May Be an Alternative

For the last 25 years, most buyers have gotten a new mortgage or paid cash when purchasing a home. For a practical reason, owner-occupant buyers have another alternative: assuming a…

Written by Mike Parker

May 7, 2018

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Shorter Term – More Savings

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…

Written by Mike Parker

August 17, 2017

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Good Info – Good Decisions

While low inventory is certainly challenging buyers, not having a clear understanding of mortgage financing is also causing issues. By having good information, they are able to make better decisions…

Written by Mike Parker

May 16, 2017

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Before You Pay Cash for a Home

The National Association of REALTORS® reports in its 2016 Profile of Home Buyers and Sellers that 12% of all buyers paid cash for their home. Before paying cash for a…

Written by Mike Parker

March 6, 2017

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Not Available for All Buyers

Lenders regularly publish mortgage rates but they may not be available for all buyers. Imagine that the mortgage payment based on an advertised rate influenced a buyer to make an…

Written by Mike Parker

February 27, 2017

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Mortgage Loans from Relatives

Occasionally, when dealing with close relatives who might also become heirs, signing a note and handling the paperwork properly may seem like a needless effort but it could mean the difference…

Written by Mike Parker

February 6, 2017

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Tag: Mortgage Loans

You Don’t Have to Give an Arm to Get a Lower Rate

Paying Down Your Mortgage

Good Decision for a Second Opinion

Roll the Repairs into the Mortgage

Assumptions May Be an Alternative

Shorter Term – More Savings

Good Info – Good Decisions

Before You Pay Cash for a Home

Not Available for All Buyers

Mortgage Loans from Relatives

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