Perfect House Real Estate Blog

Most people will gloss past this headline- there's nothing exciting about mortgage rates, right?

Well, actually....

Read this first, then let us know what you think!

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Where Are Mortgage Interest Rates Headed In 2018?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next 12 months.

Where Are Interest Rates Headed? | Keeping Current Matters

How Will This Impact Your Mortgage Payment?

Depending on the amount of

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It is highly likely that the home you currently own (or will buy some day) won't be your forever-home. Families change, from size to dynamics, jobs change from pay to location. Needs change from large yards to extra bedrooms. Thus it is a wise thing to consider... What is important to the NEXT person who buys that home (from you!) may be different from what was important to you (and your family). 

Are you buying a FOREVER home... or a FOR NOW home? Most of us buy a FOR NOW home... which means you DEFINITELY need to put on a seller's cap at some point- why not try it on, now?

Here's a few just to get the thought process started:

1.) You: Schools really aren't that important to us (we don't have kids/aren't planning on having kids/ we plan on home

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You've probably thought about these things before, but we'll pull them all together in this quick list for you.

Spring is right around the corner, so if you're planning on having one, now's the time to start planning!

So here goes...

6 FANTASTIC TIPS For Your Garage/Yard Sale:

1.) Make sure ALL of your signs LOOK the same! Obviously, the arrow may change, but if a prospective shopper is driving around your neighborhood LOOKING to find your house, they are subliminally looking for the SAME sign--- thus one is neon, make them all neon. If you put a balloon on one, put a balloon on ALL of them. That way, as they are driving through a neighborhood and trying to find the "next" sign marker, your next sign will stick out to them. Remember... the

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Everyone seems to have an interest in something.

This often leads to collecting, a past time of what seems like generations past, but is actually still prevalent!

But is what you are keeping a collection, or just keeping some clutter?

Marie Kondo, a #1 New York Times best-selling author of both Spark Joy and The Life-Changing Magic of Tidying Up , approaches whether or not items give you joy, in deciding whether to keep them or send them on to another place in their life. 

Some items in your home may truly bring you joy; others, you may have forgotten the reason of why you have them in your home.

Some may have been gifts you accepted on a memorable holiday, others may be something that was passed down by someone else who had a hard time

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Wow, this was almost eerie reading this, Inman!

It is so spot on, and completely highlights our move to The Real Estate Group (TREG).

Looking for a great place to be? Hit us up with your questions, we can tell you exactly why we made our move... this blog gives a pretty accurate highlight on what brought us to TREG!

Special report: the keys to a strong company culture

Creating an environment that promotes retention, productivity and happiness   BY GILL SOUTH Staff Writer   Key Takeaways
  • Nearly three-quarters of real estate pros believe culture is “very important” to a company's financial success.
  • Close to 60 percent of real estate pros said they were “very happy” with the culture of their
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Hot off the press from Patrick Steele, of Tidewater Mortgage... here is a decent explanation on the latest!!!

Mortgage rates are in big trouble.  Whatever you've read about the current spike so far today, you'll probably need to double it after today's bond market movement.  Why?  Because most news stories on rates haven't yet accounted for today's bond market movement!  The most prevalent source material is Freddie Mac's weekly survey which generally tracks lender quotes from Monday and Tuesday of any given week.  The survey showed a 0.07% jump week over week. 

The actual jump is more like 0.12-.13.  The average lender is now quoting 4.375% on top tier 30yr fixed scenarios.  More than a few are already up to 4.5%.  Lenders quoting rates much lower

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As always, thank you so much to Military News for another great post in regards to our veterans.

This one is a pretty good read, like usual... And this app looks great!

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National Veterans Legal Services Program (NVLSP) today launched the first of its kind app for use by military veterans and their advocates, available for download through the Apple Store, Google Play Store or NVLSP’s website. Named the NVLSP VA Benefit Identifier, the application helps veterans, with or without the assistance of a veteran’s service officer, determine specific VA benefits to which they are likely entitled.

The app directs users to a logic based questionnaire that assists in verifying whether a veteran should file a claim for service-connected

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Yet another fantastic write up from Keeping Current Matters!

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Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.”

Myth #1: “I Need a 20% Down Payment”

Buyers often overestimate the down payment funds needed to qualify for a home loan. According to the same report:

“Consumers are often unaware of the option to take out low-down-payment mortgages. Only 19% of consumers believe lenders would make loans with a down payment of 5% or less… While 15% believe lenders require a 20% down payment, and 30% believe lenders

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Agh, did that title pull you in?! Check out this sage advice from our friends at Keeping Current Matters:

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Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Zillow recently reported that:

“In reality, buying or renting a home is an intensely personal decision, with emotional and even financial considerations that go beyond whether to invest in this one (admittedly large) asset. Looking strictly at housing market numbers, there is a concrete point at which buying a home makes more financial sense than renting it.”

What proof exists that

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The VA Loan is a FANTASTIC benefit to having served in the military. Our agents have extensive experience helping our clients navigate the home buying process that include the VA Loan.  Also, the VA Loan is not just of interest to those buying, but also to those selling, as the VA Appraiser (mentioned below) will be a part of the sales transaction. So this is great information for anyone on either side of the transaction.

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For many borrowers, applying for any kind of mortgage may seem daunting. But, when broken down, this rundown of 6 steps to getting a VA loan is easy to understand.

1. Select a VA-approved Lender

On the surface, it might appear that any lender will do. However, if you dig a little deeper, you may discover that

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