by Marti Reeder | Jan 10, 2024 | Equity, Finance, Real Estate
If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this: “. . . your home’s equity is the difference between...
by Marti Reeder | Jul 13, 2022 | Equity, Finance, Home Equity, Home Ownership, Home Value
It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over the course of the Covid-19 pandemic...
by Marti Reeder | Sep 15, 2021 | Budgeting, Equity, Finance, Home Buying, Home Equity, Home Selling, Home Value, Interest Rates, Listings, Mortgage, News, Newsletter, Pricing a Home, Real Estate, Refinancing, Taxes, Washington
Often when I meet with sellers who are considering a future move, one of the issues that comes up is their current mortgage balance aka what they own on their home. A seller’s focus is always what they will walk away with when their home is sold – their net...
by Marti Reeder | Oct 9, 2019 | Budgeting, Closing Costs, Commissions, Credit, Down Payment, Equity, Finance, Home Buying, Home Ownership, Home Search, Home Selling, Interest Rates, John L. Scott, Listings, Making an Offer, Misc., Mortgage, Offer, PMI, Pre-Approval, Real Estate, Refinancing, Taxes
. . . and why PMI in the first place? PMI or Private Mortgage Insurance, is the lender’s protection in case you default on your mortgage and your home goes into foreclosure. Homebuyers unable to come up with a 20% down payment typically are considered to be at a...
by Marti Reeder | Sep 25, 2019 | Budgeting, Closing Costs, Commissions, Credit, Down Payment, Equity, Finance, Home Buying, Home Ownership, Home Search, Home Selling, Interest Rates, John L. Scott, Listings, Making an Offer, Misc., Mortgage, Offer, PMI, Pre-Approval, Real Estate, Refinancing, Taxes
SEVEN WAYS THE NEW TAX LAWS AFFECT HOMEOWNERS With new tax changes having come into effect in the past year, it’s a great time to revisit how some of those changes might affect homeowners. While everyone’s situation differs, there are six elements of the tax law that...
by Marti Reeder | Sep 5, 2019 | Budgeting, Closing Costs, Commissions, Credit, Down Payment, Equity, Finance, Home Buying, Home Ownership, Home Search, Home Selling, Interest Rates, John L. Scott, Listings, Making an Offer, Misc., Mortgage, Offer, PMI, Pre-Approval, Real Estate, Refinancing, Taxes
I recently wrote about upgrades that are WORTH THE SPLURGE? , which got me to thinking about remodeling, refreshing, and rearranging your home. In the good old days, homeowners had few options when it came to “test driving” potential purchases and/or changes to their...