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Home Buyer Tips , ,

You Ask, We Answer: How to Choose Between Expanding Your Current Home and Buying a New One

Does your home feel like it's starting to burst at the seams? Many homeowners across the country can relate to this feeling having bought a home only to run out of space due to a growing family or for other reasons. Let's take a quick look at a few questions that will help you to determine whether buying a new home or expanding your current home is the best choice when you're in need of some extra space. Why Are You in Need of More Space? The first question you'll need to answer is..."why?" Are you running out of space…
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Home Buyer Tips , ,

Looking for Luxury? How to Upsize Your Next Home Without Upsizing Your Costs

Size matters when you are buying a new home. Whether you plan to expand your family, need more room for your stuff, or are concerned with resale value, you want to get the most space for your money. Also, if you want to add a feel of luxury to your home, one of the best ways to do it is to create open spaces rather than cramming all your furniture in rooms so tiny you can barely walk around without knocking something over. Traditionally speaking, the larger a home is, the more it costs. If there are two newly built…
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Market Outlook , ,

What’s Ahead For Mortgage Rates This Week – December 8, 2014

Last week's economic reports related to housing and mortgages were few, but construction spending, the Fed's Beige Book report, non-farm payrolls and the national unemployment report indicated trends for the end of the year. Construction Spending Increases U.S. construction spending rose by 1.10 percent in October according to the Commerce Department. This reading translates to a seasonally-adjusted annual rate of $971 billion. Analysts had expected an increase of 0.70 percent based on September's original reading of -0.40 percent, but September's reading was revised to -0.10 percent on Tuesday. Private spending on residential projects increased 1.30 percent. Federal Reserve Beige Book…
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Home Mortgage Tips , ,

Understanding the Difference Between a Mortgage Pre-qualification and a Pre-approval

If you're in the market for a new home and you've been researching mortgages, you've likely come across the terms "pre-qualification" and "pre-approval". While these terms are self-explanatory in some circumstances, they are quite different in regards to mortgage financing. In today's blog post we'll explain the difference between a mortgage pre-qualification and a pre-approval. Pre-qualification: an Initial Look at Your Mortgage Options The first – and easiest – step on the way to receiving mortgage financing to buy a home is known as pre-qualification. During this process you'll meet with a mortgage advisor or lender who will assess your…
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Around The Home , ,

Winter is Here: Prepare Your House with These Three Home Maintenance Tips

Have you prepared your home for the winter? With colder temperatures starting you'll need to spend an hour or two getting your home ready to deal with the possibility of harsher weather and below-freezing temperatures, depending on where you live. Let's take a look at a few quick home maintenance tips that will help you get your house ready for the cold of winter. Check Your Roof, Gutters and Spouts Your roof is one of the most important structural elements in your home and one that is going face the brunt of any inclement weather that passes through your area.…
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