Blog

27
Dec
By Jim Hasek
Real Estate Tips,

3 Things You Must Do after Inheriting a Home

There can be a lot of excitement when it comes to the realization that you've inherited a home, but simply because it's an inheritance doesn't mean there aren't a few strings attached. Whether you're expecting to be gifted with a home in the future or you're currently going through this process, here are a few things you may need to watch out for. The State Of The Mortgage Once a home has been effectively handed over to you, it's important to determine the status of the mortgage with the lender and if anything is still owed. While you have the…
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26
Dec
By Jim Hasek
Mortgage Rates

What’s Ahead For Mortgage Rates This Week – December 26, 2016

Last week's economic news included readings on consumer spending, core inflation new home sales and regularly scheduled readings on mortgage rates and new jobless claims. Consumer Spending Dips in November Commerce Department reports on consumer spending in November indicated that consumer spending was lower in November with 0.20 percent growth as compared to October's reading of 0.40 percent growth. November's reading for core inflation, which excludes volatile food and energy sectors, was flat as compared to expectations of 0.10 percent growth and October's reading of 0.10 percent growth. New Jobless Claims Rise to 6-Month High New jobless claims jumped to…
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23
Dec
By Jim Hasek
Home Seller Tips, ,

After the Sale: The Next Steps and What You’ll Need to Do Before You Move Out

Getting an offer on your home can certainly make it feel like the hard part is over, but even after the deal is sealed there's still a lot to do when it comes to moving out. Whether you're getting prepared for a future move or your buyer has just signed on the dotted line, here are the first steps to take once it's certain your property is off the market. Start The Packing For many people, packing is something they would rather put off until the last minute, but boxing up your stuff is actually a great opportunity for a…
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22
Dec
By Jim Hasek
Home Mortgage Tips, ,

Understanding the HARP Program and How to Qualify for a HARP Mortgage

Interest rates may be relatively low, but if you're a homeowner who is struggling with your monthly mortgage payment, it may be time to consider what re-financing options are available on the market. If you are looking for a lower interest rate to improve your financial health, here's what you need to know about the HARP program so you can take advantage of a better rate. What Is HARP? The Home Affordable Refinance Program, which is commonly known as HARP, was created in the wake of the 2008 recession, which was brought on by the high amount of housing debt…
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21
Dec
By Jim Hasek
Home Mortgage Tips, ,

Mythbusting: Understanding Mortgage Myths and Why They Shouldn’t Hold You Back

With the fluctuations in real estate and the increasing cost of home ownership, many people are entering the market with more trepidation these days. Fortunately, there are a number of myths associated with buying a home that may not adversely affect potential homebuyers. If you're interested in purchasing a home but are unsure about whether it will get approved, here are a few things you may want to dispel. No Approval With Less Than 20 Percent While putting 20 percent down can help you avoid having to pay private mortgage insurance, this down payment percentage is still just a suggestion…
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20
Dec
By Jim Hasek
Home Mortgage

Graduating Soon? Tips to Prepare You for Your First Mortgage

If you've recently graduated from college, or will be graduating soon, and plan to become a homeowner, you're in a somewhat unique position. You're about to embark on a great journey, but at the same time, you may also be taking on an awful lot of debt. That said, it is possible to successfully manage a high debt load if you're careful. So how can you make sure you can pay your mortgage, your student loans, and your mortgage expenses all without losing your mind? Here's what you need to know. Make Sure You Have An Emergency Fund Managing a…
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