Should We Add On To Our Existing Home Or Should We Sell Our House & Buy New One?
This is a question that many people are faced with: "Should we add on to our existing home or should we sell our house and buy a new home?" The question can be perplexing but, with a little analysis, one can arrive at a logical solution.
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How to Get Rid of Your Mortgage Insurance
If you’ve bought a home and put less than a 20% down payment down, you’re familiar with mortgage insurance. It’s that added amount on your statement every month you wish you could get rid of. The good news is you might be able to.
Read MoreSelling Your House? Avoid These Mistakes
Once you decide to sell your home, it can be helpful to start thinking of yourself as a businessperson and a home seller, rather than as the home's owner. By looking at the transaction from a purely financial perspective, you'll distance yourself from the emotional aspects of selling the property that you've undoubtedly created many memories in.
Read MoreWhy Has Housing Supply Increased as Sales Have Slowed Down?
For over three years leading up to this point, the exact opposite was true; Inventory dropped as sales soared.
Read More274 S 100 W CEDAR CITY, UT 84720
Centrally located home down the street from SUU & historic downtown Cedar City.
Read More5 Tips When Buying a Newly Constructed Home
The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place.
To ensure a hassle-free process, here are 5 Tips to keep in mind if you are considering new construction:
Read MoreIn real estate, mans best friend is often calling the shots!
What does owning a pet say about you? Living with a furry (or scaly) friend could mean that you're a college student craving companionship, that your young children are in need of a four–legged playmate, or that you're an empty-nester with an affinity for fish. But what if owning a pet could predict if you're more likely to rent or own a home?
Read MoreTaking Fear Out of the Mortgage Process
For many, the mortgage process can be scary, but it doesn’t have to be!
Current Market Conditions
If you've been thinking of selling your home, you'll want to keep reading.
Is the Real Estate Market Finally Getting Back to Normal?
Is the Real Estate Market Finally Getting Back to Normal?
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The Cost of Selling Without a Real Estate Agent
You’ve heard of buyer’s remorse; but without your market expertise and sales skills to back them up, sellers who choose to sell their home on their own just may experience “seller’s regret”
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# 1 Mistake Homeowners Make When Choosing a Realtor
Today I wanted to share the #1 Mistake Homeowners make when choosing a Realtor… which is choosing the Realtor solely based on the Realtors recommend list price.
You Can Recycle More Than You Think
You have the basics of recycling down. You may think there is no more that you can do, but there is!
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Cash or Obtaining a Loan?
OK, so what is the next best step in the Home Buying Process? Glad you asked… ;)
How Construction Loans Work???
Once you have qualified for and been approved for a construction loan, the lender begins paying out the money they agreed to loan to you. However, they are not just going to give the builder the cash all at once. Instead, a schedule of draws is set up.
Commonly Asked Questions About Construction Loans
Construction loans enable a new home to be built through the duration of construction. They are reflective of the time needed to build your home, and typically range from six months to a year. Once you have secured a construction loan, your lender will pay your builder after each interval of work is completed. Once construction ends, your loan repayment begins. Many homebuyers choose the convenience of having their construction loan combined with their standard mortgage plan, in something called a construction-to-permanent loan. This eliminates the need to refinance after construction and undergo two separate closings. Your builder will outline how much money is required to build your home, segmenting expected costs into intervals of work. Your lender will compensate your builder after each interval, usually per month, once they have independently verified that the designated work has been completed. With most construction loans, you only pay interest on the amount of money that is drawn out each month. You will begin to repay your lender for the bulk costs after your home is completed. If the project is builder-financed, the construction loan is the builder’s responsibility and the buyer will not need to pay anything at all until the end of construction. Construction loans work differently than traditional home loans. If you need help buying a home that is already built, whether new or old construction, a traditional home loan is right for you. If you want to build a home from scratch on your own lot of land, or buy a prospective home within a builder’s development, a construction loan is the way to go. 20%–30% down payment required High interest rates Incremental loan disbursements More complicated to qualify for, and few options available Bank issued Must have specific building plans, construction contract, and cost estimate to apply 3.5%–20% down payment required depending on mortgage type Low interest rates Loan disbursement in one lump sum Easier to qualify for, and more options available Mortgage-company issued Must only have essential personal finance information to applyWhat is a construction loan?
How do construction loans work?
When do you pay?
Compare Construction Loan vs. Traditional Home Loan
Construction Loan
Traditional Home Loan
What Home Loan Will Suit You The Best...?
What Home Loan Will Suit You The Best...?
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Which Comes First... Marriage or Mortgage?
Which Comes First... Marriage or Mortgage?
Read More#1 Reason to Sell Now Before Spring
The #1 Reason to Sell Now Before Spring
Read MoreRent or Buy, Either Way You're Paying a Mortgage!
Whether You Rent or Buy, Either Way You're Paying a Mortgage!
Read MoreMortgage Interest Rates Predictions!
Where Are Mortgage Interest Rates Headed in 2018?
Read MoreMajor Myths Holding Back Home Buyers
Major Myths Holding Back Home Buyers
Read MoreDays on the Market Drops to New Low in 2017!
Days on the Market Drops to New Low in 2017
Read MoreThe Impact Staging Your Home Has on Sales Price
The Impact Staging Your Home Has on Sales Price
Read MoreThinking of Selling? Now is the Perfect Time!
Thinking of Selling? Now is the Perfect Time!
Read More2 Charts That Show the Truth about Home Affordability
2 Charts That Show the Truth about Home Affordability
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