Flaws You Cannot Hide By Staging Your Home

Home Selling Tips , ,
When you sell your home, you want it look as good as possible. To do this, your real estate agent will help you stage your home or, if needed, help you find a professional to stage your home. This means de-cluttering your home, re-arranging furniture, and de-personalizing each room. A staged home is more appealing to buyers and helps to highlight your home's positive features. However, staging is not meant to cover major flaws in your home. Some things just have to be repaired. Roof Problems It doesn't matter how pretty your home is, your buyer is going to expect…
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Should I Shorten My Mortgage Term, Important Factors To Consider

Home Buyer Tips , ,
When you first bought your home a few years ago, perhaps you started off with a 30 year mortgage. Now, you are considering refinancing and changing it to a 20 year or even a 15 year mortgage. Shortening your mortgage term and refinancing can be a smart financial move, but before you make this decision there are a number of factors that you should consider. Switching to a shorter mortgage will mean that your monthly payments will be higher, but you will be 100% paid off much sooner and you will save thousands of dollars in interest rates. Here are…
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What’s Ahead For Mortgage Rates This Week – January 13, 2014

Mortgage Rates , ,
The first post-holiday week of 2014 brought mixed economic and housing-related news. CoreLogic reported via its Housing Market Index that November home prices grew by 11.80 percent year-over-year. This was just shy of October’s year-over-year reading of 11.90 percent. As with Case-Shiller’s recently reported Home Price Indices, a slower rate of home price growth suggested to analysts that the housing market is cooling down. The Federal Reserve’s Federal Open Market Committee released the minutes from its December meeting. The minutes reiterated the Committee’s decision to begin tapering its asset purchases this month. The Fed announced that it would reduce its…
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Build A Home Gym For Your New Year’s Resolution

Around The Home , ,
While many people claim every January that they are going to exercise more, a lot of them give up after the first couple of months. It takes a great deal of effort to make it to the gym before work or have the energy to go afterward. So don't make a New Year's resolution you know you won't keep. Set yourself up for success by bringing the workout to you. Build your own home gym. Designate A Space The ideal situation would be to dedicate an entire room to your new home gym. That way you can close the door,…
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Dodd-Frank’s Latest Gift: The Qualified Mortgage Rule

Home Buyer Tips , ,
The Dodd-Frank Wall Street Reform and Consumer Protection Act's latest provision - the Qualified Mortgage rule - is going to effect on January 10, 2014. While, like many of Dodd-Frank's other features, its ability to protect customers remains to be seen, one of its impacts is already clear. Taking out a home loan just got harder. The QM rule contains a set of provisions that, if followed, may protect lenders from lawsuits. They will also make it harder for customers to qualify to borrow money to buy a house. Verifying Incomes Lenders now have to follow stringent procedures to verify that borrowers…
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Simplified Home Loan Modification Program Recently Announced

Mortgage Guidelines
The Federal Housing Finance Agency (FHFA) recently announced a new, streamlined home loan modification program to help Ardmore home owners who are behind in their payments or own a home with a mortgage that is under water. The purpose of the recently announced program continues to focus on helping troubled borrowers avoid foreclosure and stay in their homes. Simplified Modification Criteria Creates More Opportunity For Home Owners Beginning this summer, on July 1st to be exact, the new Streamlined Modification Initiative will be available to home owners that meet certain criteria. Interestingly, this new program will require home loan servicers…
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Home Prices Accelerate In 2013 WIth Double Digit Growth

Housing Analysis
Last week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006. The Case-Shiller Index measures changes in home prices by tracking same-home sales throughout 20 housing markets nationwide; and the change in sales price from sale-to-sale. Detached, single-family residences are used in the Case-Shiller Index methodology and data is for closed purchase transactions only. All 20 Case Shiller Index Markets Show Growth Between December 2012 and January 2013, home values rose in all 20 Case-Shiller Index markets, with previously-hard hit areas such as…
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3 Common First Time Home Buyer Mistakes Can Cost Thousands

Real Estate Tips
Buying real estate for the first time is a very exciting step in life. It is likely to be one of the biggest financial commitments that you make, so it's very important to navigate the purchasing process wisely. Many first-time home buyers make rookie mistakes that bring on negative consequences and a lot of frustration. Outlined below are common errors home buyers make, so you can learn from their missteps and avoid them yourself. 1. Buying More Than What You Can Truly Afford Just because the bank says that you qualify a certain amount for a mortgage doesn't mean that…
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7 Quick And Inexpensive Ways You Can Improve Your Home’s Curb Appeal

Real Estate Tips
Have you ever heard the saying, "You never get a second chance for a first impression?" If you have a Ardmore home for sale, it is important to appreciate the significance a first impression has on your potential buyer. When buyers drive up to your property and take their first look at your home, they will instantly be forming ideas about your house and how it might fit for their family. When you are trying to entice a buyer to make an offer on your house, you must consider the curb appeal - how your house looks from the outside,…
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When It Pays To Refinance Your Mortgage — Literally

Personal Finance , ,
To refinance a mortgage means to pay off your existing loan and replace it with a new one. There are many reasons why homeowners opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity. Each has its considerations. Lower Your Mortgage Rate Among the best reasons to refinance is to get access to lower mortgage rates. There is no "rule of thumb" that says how far rates should drop for a refinance to be sensible. Compare your closing costs to your monthly savings, and…
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