Financial Archives

Advice for First-time Homebuyers

Financial, Home Buyers, Market Conditions

1 month ago

First-time homebuyers are discouraged by high home prices, higher interest rates and continuing inflation. According to the National Association of REALTORS, by mid-2022, first-timers made up only 26% of all homebuyers,…

Risky Loans Tempt Homebuyers

Financial, Home Buyers

2 months ago

As mortgage interest rates rise, homebuyers like you may be wishing for easier, cheaper loans to obtain, but any loan that isn’t conventional or government-guaranteed could put you at greater…

Don’t Trust Credit Reporting Agencies

Financial, Home Buyers

3 months ago

When you apply for a mortgage loan, or any credit, the lender relies on information that is supplied by lenders, landlords, government agencies, courts, and credit card companies to three…

Investment Real Estate Percentage Rules

Financial, Home Buyers, Home Owner

5 months ago

Have you ever wondered what the formula is to make money in real estate? Guidelines or rules can help you gauge profitability and improve your results before you invest in…

House Flipping 101

Financial, Home Buyers, Home Improvement, Home Owner

11 months ago

Home improvement television makes flipping homes look so easy anyone can do it. But the reality is much different. You can make a lot of money or lose money to…

Decreasing Demand or Supply Constraints?

Financial, Home Buyers, Home Owner, Home Sellers

11 months ago

In 2021, existing-home sales rose 8.5% during 2020, the highest level since 2006 as supplies of homes for sale fell to an all-time low of 910,000, equivalent to 1.8 months…

About Earnest Money Deposits

Financial, Home Buyers, Home Owner, Home Sellers, Transaction Advice

12 months ago

When a buyer and seller agree on a purchase price and terms, the buyer shows the seller a sign of good faith in the form of earnest money. This money,…

Late Payments and Credit Scores

Financial, Home Buyers, Home Owner, Home Sellers

1 year ago

Consumers who make late credit payments have no idea how badly their credit scores can be affected or how long it takes to repair the damage. According to Nerdwallet.com, a late…

How Inquiries Impact Your Credit

Financial, Home Buyers, Mortgage

1 year ago

Mortgage lenders depend on the information found in credit reports and credit scores. One of the numbers that cause fluctuations in a consumer’s credit scores is inquiries. Inquiries, according to Equifax.com,…

The Real Mortgage Rate – Or Is It?

Financial, Home Buyers

1 year ago

Advertised rates look tempting, but don’t be fooled into thinking that’s the rate you’ll pay. You have to qualify to receive the best rates with excellent credit and work histories.…

Advice for First-time Homebuyers

Risky Loans Tempt Homebuyers

Don’t Trust Credit Reporting Agencies

Investment Real Estate Percentage Rules

House Flipping 101

Decreasing Demand or Supply Constraints?

About Earnest Money Deposits

Late Payments and Credit Scores

How Inquiries Impact Your Credit

The Real Mortgage Rate – Or Is It?

Berkshire Hathaway HomeServices PenFed Realty

Recent Posts

Contact