Mortgage rates are up!! Since they fluctuate day by day, your monthly payment could fluctuate $100 or more. If you are shopping on the edge, you may not qualify for the home one day and do qualify the next. Ask your lender if they have a float down plan. This allows you to capitalize on […]
Bank-owned houses still fetch big bucks
I share this articles statement that bank owned properties are “still” fetching big bucks. I have clients come to me all the time saying they only want to see bank owned and short sales. I ask why. They say because they only want a deal. Bank owned properties sell at market value! Same as […]
Freddie Mac eliminates traditional appraisals
Freddie Mac announces they are going to eliminate traditional appraisals as of Sept 1, 2017 for new home loans. I am firmly against this. As we all know, the online value system are generic and many times grossly wrong. Each home is unique in style, level of function and degree of care. These items can […]