With the downturn in the economy all occupations have been affected and law is no different. While the vast majority of lawyers are trustworthy we have seen an increase in attorneys mishandling client funds they were holding so it is important to make sure your funds are safe. The deposit given on the signing of [...]
HOW TO PREPARE FOR A HOME INSPECTION
Since a buyer will be doing the inspection anyway a prudent seller can save himself time, money and aggravation by putting his house in proper working order. The little items that he didn’t have time to fix will probably become an issue when a buyer’s engineer does his report. Besides painting, [...]
I TOLD THE BROKER I’M SELLING MY HOUSE “AS IS”
Homeowners want to sell their homes with the least amount of work possible. Since they live in the homes they do find troublesome many issues that a new buyer and her engineer will find objectionable. A seller will always try to sell their homes in AS [...]
I wrote my book about the 5 myths that can ruin your purchase including
1) ANY REAL ESTATE BROKER WILL GET ME A GOOD PRICE
2) ANY ATTORNEY CAN HANDLE A REAL ESTATE DEAL
3) I DON’T NEED AN INSPECTION THE HOUSE IS VERY CLEAN
4) ANY MORTGAGE BROKER CAN GET ME THE BEST RATE
5) I WILL BE IN THE HOUSE ON THE DATE [...]
Recent underwriting changes have made mortgage lending decisions look more like the 1990 ’s which makes getting a mortgage harder. These new policies should inject some needed sanity into the lending process and make lenders and borrowers more secure which will help the real estate market and the economy as a whole. Expect to be [...]
The key question is “Did I save money by refinancing?” If you are able to get a better interest rate and save closing costs (mortgage tax, bank and title fees) does this refinance make financial sense? It is possible that the cost of the refinancing process can outweigh the monthly savings. The easiest way is [...]
Call me and let me know your plans. I will ask you to send me a copy of your current mortgage statement to determine your interest rate and principal balance and we will discuss your goals. Depending on your credit and income I will suggest a couple scenarios and different lenders to contact. I will [...]
I tell all my friends to call your real estate lawyer before you start the process. Even if you are knowledgeable about interest rates it never hurts to make a call to get some advice that could save money. While it serves to reason that a lower rate is better that is not the whole [...]
I often hear from clients “I pay my mortgage on time, my credit is good, I’m not borrowing any extra money, so all I want is to get a lower rate, why do I have to go through a whole process?”
Unfortunately, even if you are just looking to lower your interest rate and loan [...]
One of the few benefits of the current housing market downturn is that interest rates have fallen to new lows. With interest rates near 5% homeowners with higher rate mortgages can save thousands of dollars by refinancing to a lower rate. While refinancing should save you money it is important to remember that interest rate [...]
5 Myths That Can Ruin the Purchase of Your Home
