Tuesday, March 14, 2023 / by Phil Karp
A home equity loan and a home equity line of credit (HELOC) are both types of loans that allow you to borrow against the equity in your home. However, there are some key differences between the two:
A home equity loan is a lump sum of money that is borrowed against the equity in your home and is repaid in fixed monthly payments over a set period of time. On the other hand, a HELOC is a revolving line of credit that allows you to borrow money as you need it, up to a set credit limit. You can borrow and repay money from a HELOC throughout the term of the loan.
The interest rate for a home equity loan is usually fixed, which means it remains the same throughout the life of the loan. In contrast, the interest rate for a HELOC is usually variable, which means it can fluctuate based on market conditions.
Both types of loans may come with fees, such as application fees, appraisal fees, and closing costs. However, HELOCs may also come wit; ...
Monday, March 13, 2023 / by Phil Karp
Buying a home can be an exciting yet daunting task. With so many factors to consider, it's important to prepare yourself before diving in. In this blog, we'll discuss some important steps to take when getting ready to buy a home.
Determine your budget
The first step in preparing to buy a home is determining your budget. It's essential to have a clear idea of how much you can afford to spend on a home before you start your search. This will help you narrow down your options and avoid wasting time looking at homes that are out of your price range.
To determine your budget, you should take a look at your current financial situation. Consider your income, expenses, and any outstanding debts. Use an online mortgage calculator to estimate how much you can afford to spend on a home based on your income and debt-to-income ratio.
Keep in mind that the cost of buying a home goes beyond the down payment and monthly mortgage payments. You'll also need to consider cl ...
Thursday, February 23, 2023 / by Phil Karp
The sun was shining down on the rolling hills of the countryside as Sarah and her husband, Mark, drove towards their new home. They were finally moving into the house they had been dreaming of for months, a brand new construction home that they had been involved in designing from the ground up. As they pulled up to the property, they were greeted by the sight of their new home, gleaming in the sunlight.
There's something special about a new construction home that can't be found in a pre-existing property. The process of designing and building a new home allows homeowners to customize their living spaces to their exact needs and desires. Sarah and Mark had been able to choose everything from the layout to the finishes, ensuring that their new home was exactly what they wanted.
While some people may be hesitant to build a new construction home, fearing the extra cost and time required, Sarah and Mark had done their research and found that the benefits far outweighed any potential drawb. ...
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Monday, February 20, 2023 / by Phil Karp
Marietta, Georgia is a beautiful and charming city located in the northwestern part of the state. It is the county seat of Cobb County and is the largest city in the county. The city has a rich history and is known for its beautiful parks, historic landmarks, and vibrant downtown area.
Living in Marietta, GA
Marietta is a city that is known for its small-town feel and sense of community. It is a great place to live if you are looking for a city that has a mix of city and suburban living. The city has a population of over 60,000 people and is well known for its friendly residents, low crime rates, and excellent school system.
The cost of living in Marietta is affordable when compared to other cities in the United States. The cost of living index is 98, which is lower than the national average of 100. The average cost of a home in Marietta is around $300,000, which is affordable when compared to other major cities. Especially ones with easy access to metro areas and large transp ...
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Tuesday, March 29, 2022 / by Phil Karp
The real estate market of today is not the same. I know...you hear that all the time but, its true. In today's market, you need strategies and tools on your side that were just recently invented for making aggressive offers. FINDING a home is tough. Then battling with 10, 20, 50 offers is just painful. The agents we see winning in this market for their clients are doing things a bit different today. Let's take a look at some of those strategies...
Be aggressive - You need to be first in. Don't rely on your agent to give you a heads up when that dream property pops up. Set yourself up with multiple searches from multiple sites. When a property is listed in the local MLS, it is syndicated to thousands of sites. Zillow, Redfin, Realtor.com, etc. Even though your agent doesn't work out of one of those brokerages, don't be afraid to utilize that technology to get a leg up on other buyers. Our agents use many sour ...