Archive for June, 2015

mortgage rates over 4%, now what?

Monday, June 22nd, 2015

wouldn’t it be nice to lock in for the next 30 years the price of gas at $2.50/gallon or your monthly rent payment or even your your monthly health insurance bill? Well, you can’t and you know they are going up. Locking in your house payment at 4% for the next 30 years could be the best financial decision you ever make. Mortgage rates have moved back over 4% for the first time this year. They spent most of 2014 hovering 4.5%. Five years ago, closer to 5% and ten years ago over 6%. Use this mortgage calculator to see the monthly payments. I like to put in different numbers and see what the difference is.

Paperwork is part of the selling process

Friday, June 5th, 2015

Contracts, amendments, addendum’s, exhibits, disclosures, pamphlets, etc may be required in your state. Each state is different, plus there are Federal Laws to be aware of when selling real estate. In most states, the Purchase Agreement must be in writing, no more hand shakes. In most states, Seller Disclosure forms are required. Federal Laws require ‘Lead Base Paint’ disclosures. Know your local, state and Federal Laws. An easy place to start is: US Legal Forms . They provide forms for your state. Some examples:  US Patriot Act - cash earnest money deposits over $10,000. Fair Housing Act - prohibits discrimination in the sales and rentals marketing::  use these Key Words do not use these Violation Words

FSBO Keywords