All posts by Shashank Shekhar
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March 22, 2017

7 Items to Check for in a Pre-Approval Letter

Getting a mortgage qualification letter prior to looking for a new home with an agent is an essential first step in the home buying process... [read more]
 
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March 10, 2017

Benefits of Knowing Your Home’s Value Whether You are Staying or Selling

Benefits-of-Knowing-Home-ValueAny valuation of your house is an estimate. Even a professional appraisal is an opinion, although an educated one, of what the property might sell for if it were on the market. A property's value is also a snapshot in time, because its value changes over time: the local housing market might improve or decline. Also, the condition of the house over a period of time will have an impact on the value of the house. Whether you are staying in or selling your home, there are several benefits of knowing your home’s true value... [read more]
 
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March 1, 2017

Should I Rent or Buy

Factors to Consider

Making the decision to buy your first home often starts rather casually. It often begins at the dinner table or out for a walk in the most innocuous way possible. From that initial discussion to completing the home purchase process can take 3 months, or 3 years. It all depends on where you stand - financially and with credit - along with the standing position of the housing market as a whole. Potential homebuyer(s) need to weigh all the options, access all the factors and do what they can to make a wise decision... [read more]
 
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August 31, 2015

Growing Home Sales to Fuel Remodel & Renovation Market in 2016

Home remodeling is expected to soon kick back into gear. LIRA, the Leading Indicator of Remodeling Activity produced by the Joint Center for Housing Studies at Harvard University is projecting that annual spending growth for home improvements will accelerate to 4.0% by the first quarter of 2016.

LIRA is designed to estimate national homeowner spending on improvements for the current quarter and subsequent three quarters. The indicator, measured as an annual rate-of-change of its components, provides a short-term outlook of homeowner remodeling activity and is intended to help identify future turning points in the business cycle of the home improvement [...]

 
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July 13, 2015

Why Selective Compromise Is Key

When to Compromise & When to Stand Firm

Before we start it is important to understand there are a few parts and pieces of the home purchase process that you should never compromise. Comprise here - like choosing a mortgage lender based solely on interest rate or a real estate agent based on how much commission they will rebate at closing - will yield the same results as the craps table would. Sometimes you win, but most of the time you lose... [read more]
 
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July 13, 2015

Home Budgeting & Planning

Taking Action - Home Budgeting & Planning

One of the biggest traps new home-buyers fall into is using the maximum amount a mortgage professional qualifies them for instead of making sure they buy within their actual comfort zone. In other words, buying within their budget. You can’t buy within your budget unless you have one, so let’s get at it... [read more]
 
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July 13, 2015

Am I ready to buy a house?

Five Signs You May Not be Ready to Buy, Yet.

There might be some dissent amongst some housing professionals, but not everyone needs to own a home right now. Let’s face it reality, some people out there have no business owning a home at all, ever. Most of you, however, will eventually buy a home and be perfect homeowners. You just need to do a little legwork and address a few poor early 20’s life choices. Whatever your boat, here are some of the reasons you might consider waiting... [read more]
 
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July 13, 2015

Mortgage Glossary

Do You Understand the Home Search Lingo?

Don't get lost in the language of buying a house - here are key terms you need to know to make the most educated decision... [read more]
 
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July 13, 2015

Credit Scores

Your credit score, the algorithmic scoring model of your overall credit worthiness, comes into play frequently and consistently. Many times you may not even know it. America operates in broken model of impersonal lending. A model far too heavily weighted on even more impersonal - and often inaccurate - FICO credit score. From buying a car to getting a mortgage loan, your credit score matters. It even matters on less complex transactions; like getting a cell phone plan, activating utilities or renting a car... [read more]
 
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July 13, 2015

Mortgage Pre-Approval

Your Pre-Approval Matters. Seriously.

You do not have to search hard to find mortgage horror stories. Lost earnest money, broken moving arrangements and countless hours of wasted time; all because one piece of the home-buying process was half-heartedly completed - the pre-approval. Sometimes the loan officer is at fault and other times the borrower fails to disclose deal denying information. Set aside and focus on how to avoid costly issues that can often pop-up on a weak pre-approval... [read more]
 
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July 13, 2015

Searching Smart

Selecting Your Target & Making Your Offer

At this point we will work under the assumption that you have followed - to the letter - our other fantastic guidance. You have used our formula to narrow your search to the homes and neighborhoods you can afford, you have used the tools provided to check out the neighborhood variables and potential and you have an awesome loan officer with a rock solid pre-approval. You did do all of that right? Good... [read more]
 
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July 13, 2015

Down Payment Options

You Do Not Need 20% Down to Buy Your First Home

The 20% down myth, purveyed by uneducated media, scares far too many would-be homebuyers out of purchasing. Here are 5 very legitimate ways to avoid the 20% down myth. Your down payment can come from your bank accounts, investments, stocks or mutual funds, inheritance awards, your retirement portfolio, a gift from a family member and even a bridal registry. Requirements vary based on loan type and homebuyers purchasing a primary residence will always have lower down payment requirements than an investor or second home buyer... [read more]
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