Am-or-ti-za-tion. Try saying that five times fast! In addition to earning you a zillion Scrabble points, amortization is an important concept for every home buyer to comprehend. After all, it’s the secret to understanding your mortgage loan and paying it down over time. And for a debt as large as a home, that’s a secret […]
Being in charge of moving a family (even a family of one) can make you feel like a big-top ringleader. The spotlight is all on you. There are innumerable balls in the air. And at any moment, you’re sure you’ll slip off that wobbly tightrope you’ve been walking and pray that there’s a net to […]
There’s no question: Life would be easier if you could really collect $200 every time you passed “Go.” Unfortunately, the world is more complicated than a board game. And sometimes, you have to take drastic measures to pull yourself up from underwater. If you’ve filed for bankruptcy, it could feel like game over. No more […]
Do you know what the requirements are for obtaining a mortgage? Do you qualify for a home in your desired neighborhood? If you answered “no” to the first question, you may not realize that the answer to the second is likely “yes.” The Federal National Mortgage Association, commonly known as Fannie Mae, recently released some […]
Gone are the days of markets laden with low-price foreclosures and tax incentive programs for first-time buyers. Our regional real estate market has gotten more competitive over the last decade, and buyers at many price points must be ready to make an offer on a home as soon as they find their perfect fit. The […]
Did you know that over the life of your mortgage, you could pay hundreds of thousands of dollars just toward the interest on the loan? “Not on my house,” we hear you thinking. Well, let’s take a look. In Buncombe County, the average sales price in 2018 was $293,950. If you factor in a 5% […]
The home mortgage process is more complicated than it used to be. Well-qualified people often find themselves delayed or even unable to close due to lender-mandated, last-minute changes and requests. Nothing is worse than finding the perfect home, and then having circumstances out of your control prevent you from realizing that dream. And in many […]
It’s not nearly as much fun as house hunting. But all your hunting is for naught if you aren’t ready to take out a loan. Fully understanding your finances is critical to making an offer on a home. You will need to know if you are financially able to cover the mortgage, as well as […]
When you apply for a home mortgage, you have a lot riding on successfully completing the process on time. Not securing that mortgage on time could mean losing your due diligence money, increased moving expenses, and even becoming responsible for seller expenses. That’s a lot of extra stress (and expense) piled on top of an […]
You have two dreams in life: One, you want the perfect home in the perfect neighborhood in your perfect mountain town. Two, you want to be like Chip and Joanna—so much so that you often refer to them as your spirit guides. You worked with your Beverly-Hanks agent to pick your perfect mountain town, home […]