How to answer, “So why are you selling your home?” …and what NOT to say!

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When it comes to selling your home, most sellers vacate the premises during a showing or open house. But there may be instances where you, the seller, are present and are asked by a potential buyer “Why are you selling your house?”. It’s a pretty common question from home buyers, and although you might think your response is innocent, this is one of the diciest questions you can answer. Why? Because any response you give could be used against you and cause the buyer to question if they will have the same issue.

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Savings and Retirement Tips: Pay off your Mortgage Early or Invest?

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When it comes to saving money, especially for your future, it can be hard to decide where to put that money to get the best bang for your buck. If you have loans, like a mortgage, you might consider an early pay-off. What feels better than being debt free, right? But building wealth can be tricky.

When it comes to saving money, interest rates rule the world. You want your money to earn more than it would cost you elsewhere. So, if your rate of return on investing is more than you would save in paying down interest, then investing would earn you more money and be a smarter option. However, if your mortgage interest rate is higher than your rate of return on investing, then you would save more money by paying down aggressively on your mortgage instead.

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Mortgage Underwriters – What they do and how they review your application

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If you’ve purchased a home in the past few years, you’ve probably noticed that the mortgage underwriting process has become more robust and detailed compared to the early 2000’s. Making sure you dot all your i’s and cross all your t’s is an important part of making sure your mortgage application moves through the underwriting and approval process smoothly. So, it’s important to understand what underwriters are really looking at when they review your application. They are trained to spot financial mismanagement, and they are very detailed when it comes to reviewing your finances before approving or denying you for a home loan. Continue reading “Mortgage Underwriters – What they do and how they review your application”