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 […]
With so many stories in the news right now, it’s easy for some to fall through the cracks—even one with potentially wide-ranging effects. Last week, the House of Representatives passed a bill approving the Financial CHOICE Act, which in many ways negates 2010’s Dodd-Frank Act. For a very cursory look at both acts, how they […]
As a proud member of the Beverly-Hanks Mortgage team, our goal is the same as yours: to help you purchase a home while creating as seamless a process as possible. We are your advocate, just as your REALTORⓇ is your advocate. That’s why we’re providing this quick “cheat sheet” of mortgage dos and don’ts. However, […]
You worked hard six or seven years ago to pay off your loans, pay down your credit cards, and save up a down payment for a practical little two-bedroom fixer upper. You put a ton of sweat equity in the home, got married, and have made the decision to start a family. Looking ahead, you […]
This is the third post in a three-part series about how millennials are changing home dynamics and how families can adapt to their needs. Read the first post of the series here: “Why are Millennials Really Living at Home?” Read the second post of the series here: “3 Things You Need to Survive Living with […]