fbpx
Monthly Archives :

September 2019

Home Equity: What It Is and Why It Matters
Home Equity: What It Is and Why It Matters 1024 536 ericjhopkins

It is often said that homeownership builds wealth. So, what is home equity, and how can it enhance your net worth? What is home equity? Home equity is the current market value of your home, minus what you owe. You’re looking for a positive number.…

read more
What is mortgage insurance and how does it work?
What is mortgage insurance and how does it work? 1024 536 ericjhopkins

Mortgage insurance lowers the risk to the lender of making a loan to you, so you can qualify for a loan that you might not otherwise be able to get.  Typically, borrowers making a down payment of less than 20 percent of the purchase price…

read more
5 Reasons to Buy a Home This Fall
5 Reasons to Buy a Home This Fall 1024 536 ericjhopkins

  Real estate markets ebb and flow just like the seasons. The spring market starts hopping when the sun comes out, flowers bloom and winter is over. Conversely, fall signals the beginning of a slower market, which could be good for buyers. If you’re in…

read more
Private Mortgage Insurance
Private Mortgage Insurance 1024 536 ericjhopkins

  PMI, aka private mortgage insurance, is a type of mortgage insurance from private insurance companies used with conventional loans. Similar to other kinds of mortgage insurance policies, PMI protects the lender if you stop making payments on your home loan. PMI can be arranged…

read more
How a 20-year home mortgage can save you money
How a 20-year home mortgage can save you money 1024 536 ericjhopkins

The 30-year fixed-rate home mortgage dominates the housing market, particularly for first-time buyers who appreciate the ability to extend their home loan payments for the longest possible term. The second most common fixed-rate loan term is 15 years, but many lenders also offer loan terms…

read more
Ready to Remodel: What You Need to Know
Ready to Remodel: What You Need to Know 1024 536 ericjhopkins

Now is a Great Time: Interest Rates are Still Low Current interest rates are still low, so if you are thinking of remodeling, buying a new home or investment property or refinancing your current mortgage, contact us for a complimentary review of your current financial…

read more
Why was I countered?
Why was I countered? 1024 536 ericjhopkins

  As a homebuyer, if you make an offer below list price, the seller may choose to reject, accept or simply let the offer expire. If there are multiple offers, the listing agent will lay out the options for their client and then notify all…

read more
Before You Make An Offer, Here Are 4 Tips For Success!
Before You Make An Offer, Here Are 4 Tips For Success! 1024 536 ericjhopkins

  With these four tips in mind you will be better prepared to make a successful offer. Understand How Much You Can Afford While it’s not nearly as fun as house hunting, fully understanding your finances is critical in making an offer. This ‘tip’ or…

read more