09 Mar 2023
By John Cofiell

The Do’s And Dont’s Of Making Your Offer More Competitive

Mortgage , ,
Today, the housing market is more competitive than it has ever been in the past. You may have your eyes on your dream home, but how can you make it stand out from the crowd? There are a few tips that you should keep in mind. What are a few things you should do, and what are a few things you should avoid? Do Get A Pre-Approval Letter Because the housing market is so competitive, the seller is probably going to have many offers. The seller wants to make sure that the buyer they choose already has financing lined up.…
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17 Nov 2022
By John Cofiell

NAHB: Home Builders Concerned Over Housing Market Conditions

Financial Reports , ,
The National Association of Home Builders' Housing Market Index for November showed builders’ growing concerns over U.S. housing market conditions. November’s index reading dropped five points to 33 as compared to October’s reading of 38 and the November 2021 reading of 83. November’s home builder index reading was the lowest reading since June 2012 except during the pandemic. Readings over 50 indicate that most home builders were positive about housing market conditions. All three index readings that contribute to the HMI reading were also lower. Builder confidence in current housing market conditions fell six points to an index reading of…
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20 May 2022
By John Cofiell

Is It Best To Put Down A Large Down Payment, Or Be Agile With Your Savings?

Mortgage , ,
Putting down the largest sum of money at your disposal might seem like the best way to go when it comes to your mortgage down payment. There is a certain amount of truth to this, but the reality is bigger is not always better. Ideally, the amount of money you settle on for your mortgage down payment will take into account your monthly budgeting requirements. The Big Advantages Of A Large Down Payment Fewer Mortgage Payments: The larger the down payment, the higher the likelihood that you will be able to afford a shorter mortgage. Unlike some of the other…
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20 May 2022
By John Cofiell

Is It Best To Put Down A Large Down Payment, Or Be Agile With Your Savings?

Mortgage , ,
Putting down the largest sum of money at your disposal might seem like the best way to go when it comes to your mortgage down payment. There is a certain amount of truth to this, but the reality is bigger is not always better. Ideally, the amount of money you settle on for your mortgage down payment will take into account your monthly budgeting requirements. The Big Advantages Of A Large Down Payment Fewer Mortgage Payments: The larger the down payment, the higher the likelihood that you will be able to afford a shorter mortgage. Unlike some of the other…
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14 Dec 2021
By John Cofiell

Housing Needs May Change Following Retirement

Mortgage , ,
Life has changed for a lot of people during the past few years. Some people reached retirement age while other people decided to retire early due to other reasons. As the baby boomer generation reaches retirement age, millions more people are going to retire during the next few years. As a result, they might be thinking about moving to make some of their dreams come true. At the same time, retirement might change what people need in a home. What are some of the most important factors retirees need to consider when looking for a home?  Moving Closer To Loved…
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06 Oct 2021
By John Cofiell

Getting Your Mortgage Application Approved As A Self-Employed, First-Time Homebuyer

Real Estate , ,
A significant number of people are self-employed, which means they might be relying on this income to apply for a mortgage. It is true that people who are self-employed may face additional challenges when trying to get approved for a home loan when compared to someone with traditional W2 income, these are obstacles that can be overcome. With the right qualifications and documentation, even first-time homebuyers who are self-employed should be able to qualify for the home loan they need. Lenders Assess Someone’s Ability To Repay The Loan First, lenders are trying to make sure the person will repay the…
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23 Sep 2021
By John Cofiell

Reviewing The Basement Options For Homeowners: What To Know

Mortgage , ,
Even though not every home has a basement, those that do usually fall into one of three categories. The most common examples of basements include poured concrete, masonry block basement, and precast panels. What do homeowners need to know about the different types of basement construction?  Concrete Basements Concrete basements are the most common examples. There are several advantages of going with a concrete basement. First, concrete basement walls are resilient. They can resist possible cave-ins, standing up to natural pressure created by wind, water, and soil. Furthermore, concrete basements are also fire-resistant while creating joint-free basements that can increase…
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09 Jul 2020
By John Cofiell

The Renovations That Provide The Best Return On Your Investment

Mortgage Tips , ,
Renovating a home is not only a way to increase the family’s standard of living but it can also be seen as an investment. There are multiple ways for someone to increase the value of their home and renovations are one of the most straightforward. At the same time, some investments offer a better return than others. Those who are thinking about selling their home in the future should strive to get every dollar possible. Renovations can make this happen. Garage Door Replacement When people think about renovations, they don’t often think about the garage. Some people don’t even include…
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