Category: MVP

Click here to access a printable pdf version of this post Presiona aqui para version en español. A recent survey found that more than half (52%) of American homeowners have a renovation project planned this year.1 If you’re among them, you know that embarking on home improvements can be both exciting and daunting. According to …

Continue reading "7 Mistakes To Avoid When Hiring A Contractor"

Homeowners with equity have access to two unique financial options: home equity loans and home equity lines of credit (HELOCs). But what’s the difference? HELOC 💰 Credit line that you can draw upon as needed 💰 Only pay interest on the amount you borrow 💰 Variable interest, depending on your credit score and the prime …

Continue reading "HELOC vs. Home Equity Loan!"

Did you know the size of your down payment can have a big impact on your mortgage? Here are a few of the ways: 📉 Interest Rate A larger down payment often means a lower interest rate on the money you borrow.🗓️ Monthly Payment A bigger down payment means smaller monthly payments, making it easier …

Continue reading "How Your Down Payment Impacts Your Mortgage!"

Did you know that a high debt-to-income (DTI) ratio is the #1 reason mortgage applications get rejected? 🤯 Your DTI ratio is the percentage of your gross monthly income that goes toward debt payments, including your mortgage. Lenders use DTI to assess your ability to afford a home. So, how can you avoid rejection and …

Continue reading "The Ratio That Can Make or Break Your Mortgage!"

The walk-through is one of the last steps in the homebuying process, but you shouldn’t rush it! Here are a few things to check during your final walk-through: 💡 Are all items included in the sale (e.g. light fixtures and appliances) in place and operational? 🚿 Are all major systems working properly? ⚒️ Have all …

Continue reading "RE Term: Walk-Through!"