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An Overview Of A Wrap-Around Mortgage: What To Know

March 21, 2023 by Kim Abbott

Are you having a difficult time qualifying for a traditional mortgage in the current market? If so, there are other options available, and a lack of financing can frustrate not only the buyer but the seller as well. For example, one option that you may have heard about is called a wrap-around mortgage. The entire goal of this mortgage is to help the buyer get financing to purchase the house while making sure the seller still turns a profit. What do you need to know about a wrap-around mortgage?  What is A Wrap-Around Mortgage? A wrap-around mortgage is a specific type of home loan that … [Read more...]

Filed Under: Real Estate Tagged With: Loan Approval, Real Estate, Wrap Around Mortgage

What’s Ahead For Mortgage Rates This Week – March 20, 2023

March 20, 2023 by Kim Abbott

Last week’s economic reporting included readings on housing starts and building permits issued, the National Association of Home Builders Housing Market Index, and Fed Chair Janet Yellen’s Senate testimony. The Commerce Department reported on housing starts and building permits issued published, and a monthly reading on consumer sentiment was published. Weekly reports on mortgage rates and jobless claims were also released. Two bank failures instill fear in depositors In the aftermath of two bank failures last week,  US Treasury Secretary Janet Yellen said that “the … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

How to Get Along With Your Homeowners Association

March 17, 2023 by Kim Abbott

Rules and covenants of a homeowners association can be a bit overwhelming, especially for a first time homeowner. Understanding that the regulations are designed to protect the value of your home helps make some restrictions easier to live with. Homeowners Association CC&Rs, which stands for "covenants, conditions and restrictions," can be intimidating. But, with the growing number of communities and subdivisions that have existing HOAs, it's important to know what you're getting into before you buy a home. Associations Come In All Forms An association's goal is to maintain the … [Read more...]

Filed Under: Real Estate Tagged With: CC&Rs, Homeowners Association, Real Estate

Manage These 3 Items Before Applying For A Mortgage

March 16, 2023 by Kim Abbott

Mortgage lenders weigh the risk of getting their principal and interest paid back by looking at the qualities of the prospective borrower. And due to the amount of money being requested and lent to purchase homes, those requirements can become daunting.  Working with a trusted and qualified mortgage professional makes this sometimes confusing process a little clearer. To this end, there are three things that a potential homebuyer can do to prepare for the mortgage approval process: Manage Debt And Credit Levels For many homebuyers, managing their credit score is the biggest challenge. … [Read more...]

Filed Under: Real Estate Tagged With: Buyer, Home Financing, Real Estate

Short-Term Vacation Rentals: What To Know

March 15, 2023 by Kim Abbott

If you are interested in purchasing a rental property, you might want a short-term rental that you can use as a vacation home. This can be a great way to generate some additional income, and you might be able to make thousands of dollars every week if you purchase a property in the right location. On the other hand, there are several important factors you need to consider before you purchase a rental property.  The Marketing Process You are only going to make money on your rental property if you can convince people to stay there. Why would someone decide to stay at your rental property … [Read more...]

Filed Under: Real Estate Tagged With: Investing, Real Estate Investment, Rental Investment

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Kim Abbott

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Recent Articles

  • An Overview Of A Wrap-Around Mortgage: What To Know
  • What’s Ahead For Mortgage Rates This Week – March 20, 2023
  • How to Get Along With Your Homeowners Association
  • Manage These 3 Items Before Applying For A Mortgage
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