Over the 24 years that I’ve been a loan officer, I’ve tried to add value to my clients and my Realtor partners as a way of differentiating myself from my competition. To me, adding value is providing something of value that isn’t expected as a part of the normal service. I watched a video the […]
What is the Return on Investment on the Equity in Your Home? Some people think it’s the rate of appreciation on real estate in their local area. Other’s aren’t quite sure what to say because it seems like the answer should be obvious but if it is, why do I ask the question? Because the […]
Having been in the mortgage business for about 24 years and in the financial services industry as a Series 7 Licensed Representative for Fidelity Investments for 2.5 years prior to my employment as a loan officer, I always cringe a bit when people, consumers, loan officers, or Realtors, talk about getting the lowest rate. There […]
I was meeting with a client the other morning who needed to either refinance or sell her townhome to access some equity to pay off her sister. If she decides to sell, she will buy another townhome closer to work, where as it will be pretty much business as usual if she refinances. A situation […]
There are lots of pieces to the puzzle of a real estate transaction and about all of them are complicated. It’s important to have good, scratch that, GREAT professionals on your team to help you get pre-approved for a mortgage, find a home, negotiate a good deal (whatever that means for your specific situation) on […]
Toward the end of 2017 congress approved a new tax bill that was signed into law and became effective as of January 1, 2018. If you own real estate, there are several thinks you need to know so that you can make educated decisions regarding buying, selling, and holding real estate. I’ll start of with […]
In the first of this four part series, I talked about using your equity to renovate and update your home. Part two discussed taking your equity out to buy a 2nd home. In the third installment of ways to put your equity to work for you, I will discuss starting an investment portfolio. Invest in […]
I read and article written by a Realtor about the top 10 reasons for delays in the mortgage process. I thought about six or seven were valid and the others either had little to nothing to do with the mortgage side of things or were fluffed up to get the number to 10. That said, […]
You have equity in your house and it’s increasing every month as you pay your mortgage down and as your house appreciates. What is your equity doing for you? Absolutely NOTHING. As I have written in many other blog posts (here’s one: Four Ways to Put Your Equity to Work for You: #1 Renovate / […]
Buy this… and turn it into something like this… What is the Return on Investment of the Equity in Your Home? The answer may surprise you…it’s a big, fat ZERO. This is the first in a 4-part sears about how you can put your equity to work for you. “But my equity is already working for […]