Before You Start Looking For Your New Home

Valley Springs Real Estate Advice Check your credit rating. Straighten out any errors before it’s too late. Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment. Find a loan program that meets your needs and get pre-qualified (preferably … [Read more...]

Tips to Sell Your Home

Home Staging is marketing your most valuable asset, your home. It is crucial when you decide to sell your home you stage it before you put it on the market. Once you decide to sell your “home”, it becomes a “product”.  You have to merchandize the product just like every other product in the world is … [Read more...]

How to Improve Curb Appeal

 Home Selling Advice to Help You Attract Potential Buyers A large percentage of home buyers decide whether or not to look inside a house or take it seriously based on its curb appeal—the view they see when they drive by or arrive for a showing. You can help make sure they want to come inside your … [Read more...]

Closing Cost Estimator

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Affordability Calculator

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Mortgage Rates

The more you know about the mortgage process the better. Figure out your monthly payment by using the Mortgage Calculator. [mortgage title="Mortgage Calculator" mortgage_term="30"] … [Read more...]

A-B Terms

A Acceptance - A buyer's or seller's agreement to enter into a contract and be bound by the terms of the offer. Additional Principal Payment - A payment made by a borrower of more than the scheduled principal amount due, in order to reduce the outstanding … [Read more...]

A-B Terms

Adjustable Rate Mortgage (ARM): A mortgage loan with payments usually lower than a fixed rate initially, but is subject to changes in interest rates. There are a variety of ARMs that can have an initial interest rate that lasts three to 10 years, adjusting annually thereafter. They are described as … [Read more...]

C, D, E, F Terms

Cap: A limit, such as that placed on an adjustable rate mortgage, on how much a monthly payment or interest rate can increase or decrease. COFI: Acronym for 11th District Cost of Funds Index, a common index to which loans are tied. The COFI is tied to interest paid on savings … [Read more...]

G, H, I , J, L, M Terms

Ginnie Mae: A government-owned corporation overseen by the U.S. Department of Housing and Urban Development, Ginnie Mae pools FHA-insured and VA-guaranteed loans to back securities for private investment. Like Fannie Mae and Freddie Mac, the investment income provides funding that may then be lent … [Read more...]