Thursday, March 31, 2016


What are you going to do with that Small Backyard Space?  Perhaps it is the side yard that could be fun to decorate...Here are some thoughts..

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Monday, March 28, 2016

We All Want More $$$$. Here are a few tips..

More Money, who doesn't want that?  Some tips to follow..$$$

More Money in Your Paycheck

A homeowner’s tax savings benefit is generally realized when they file their federal income tax return after the money has been spent for the interest and property taxes. Some people look forward to the refund as a means of forced savings but some people need to realize the savings during the year.
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It is possible to adjust the deductions being withheld from the homeowner’s salary so they realize the benefit of the savings prior to filing their tax returns in the form of more money in their pay checks. Employees can talk to their employers about increasing their deductions stated on their W-4 form.
By increasing the exemptions or deductions, less is taken out of the check and the employee will receive more each pay period. If a person over-estimates their exemptions and therefore, underpays their income tax, they might incur interest and would have additional tax to pay when they filed their tax return.

Buyers considering this strategy should seek tax advice and discuss it with their human relations department at work. Additional information is available on the Internal Revenue Service website about Completing Form w-4 and Worksheets.

Wednesday, March 23, 2016

Decisions, Decisions, Decisions...not always easy..

It is not always easy to make a decision.  This may be some good advise for the process of looking at your investment needs.

You might be surprised how many people contact real estate offices because they want to buy a home but they don’t have the down payment or the credit to qualify. Occasionally, an agent will be working with someone who does have the down payment and credit but for whatever reason, decides to postpone the decision to purchase now for some point in the future.
It’s not uncommon that once they’re out of the market, the money starts burning a hole in their pocket and they end up buying a boat or a motorcycle or some other thing that cannot positively affect their lives and security the way a home does.40382258_s-250.jpg
If the money had been put away somewhere safe like a certificate of deposit, it wouldn’t earn a lot but it would be there when they decided the time was right to buy a home. $8,750 would grow to $9,286 in three years in a 2% CD.
For the person who could tolerate a little more risk, they might consider investing in the stock market. If you found a mutual fund that would earn 7%, at the end of the same three year time frame, the $8,750 would have grown to $10,719.
Alternatively, if the would-be buyers used the same amount to purchase a $250,000 home that appreciated at only a modest one percent, the equity in the home at the end of the same three year period would be $29,597.
The dynamics of earning appreciation on the value of the home rather than just the down payment combined with the amortization of the mortgage makes the equity in the home almost three times greater than the mutual fund. If you used a 2% appreciation, the equity would be over $37,000 in the same period.
Obviously, there are legitimate reasons for postponing the purchase of a home. An important thing to remember is to safeguard the hard-earned down payment so it is ready when you are to buy in the future.

Tuesday, March 22, 2016

So, Should You Stay Or Should You Go?

Part of the conflict with Home Ownership is "Should You Stay Or Should You Go"!!  Maybe checking on the possibility of Refinancing is worth the review.

Attached is a great read for that review.

US 30 Year Mortgage Rate Chart

Friday, March 18, 2016

Thinking Green? Top 5 Things That Appeal!!

The Top 5 Things That Appeal when looking for GREEN!!


Just As Gas Prices are Inching Up, so have Mortgage Rates!!

Keeping an eye on Mortgage Rates?  You may want to get into the Spring Market and find your next #Nest!!

Just as we are watching Gas Prices increase in the past couple of weeks, Mortgage Rates are beginning a small tick up.

Conv 30 Year Fixed 3.990% Rate, 4.140% APR**
Conv 15 Year Fixed 3.250% Rate, 3.478% APR** 

FHA 30 Year Fixed 3.500% Rate, 4.629% APR**** 

VA 30 Year Fixed 3.875% Rate, 4.259% APR***
USDA 30 Year Fixed 3.750% Rate, 4.532% APR***

Monday, March 14, 2016

With Just A Little Effort

Worth the Effort

“Anyone may arrange his affairs so that his taxes shall be as low as possible...” While Judge Learned Hand was talking about federal income taxes, it can be applied to property taxes as well.
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States have a process of assessing the value of a property based on a number of things that can include size, amenities, location and what the owner paid for the property. Most states make adjustments to that value annually. Once it has been published to the owner, there is a process available for those who disagree with the value.
  1. Learn the assessment process and what the filing deadlines are to apply. Since different states have different requirements, it is important to know the process in your area.
  2. Obtain your assessment records – they may be available online and you can find out how your value was determined. Check for mistakes in square footage, bedrooms, amount of land, etc. Then, verify if the comparable sales in the neighborhood support their position or not. Your real estate agent can be valuable in this area.
  3. Proceed to make your case from the lowest to the highest level necessary. It isn’t necessary to hire someone to represent you. Sometimes, just talking to employees at the tax assessor’s office may be enough. If not, there is a process for a hearing where you present your evidence and so does a representative from the assessor’s office. If this still doesn’t give you the remedy you want, you may need to proceed to the courts.
Challenging your assessment really isn’t an adversarial position. Their job is to assess a fair value and your job is to pay the least amount of taxes. Whether it be an employed assessor or a voluntary board, they have a job and they appreciate being treated professionally and courteously. 
Keep this last thing in mind: the people you’re presenting your case to have the ability to lower your taxes.

Friday, March 11, 2016

Spring Cleaning..

Spring is Springing and it may be time to take a look around and see what needs to be done in your Nest..

Spring Cleaning

Monday, March 7, 2016

Leverage the Purchase of Your Nest!!

Leverage - A Maximum Advantage

Leverage gives the user a maximum advantage whether it is physically lifting a large object or rapidly building equity in a home. In the case of the home, the high loan-to-value mortgage allows the profits made to be greater than simply the cash invested.
A $250,000 home can be purchased on a FHA loan with a 3.5% down payment of $8,750. If the home appreciates at 2% a year, in seven years the equity will grow to $75,920 due to the appreciation and the amortization of the mortgage. That would be a remarkable 36.2% rate of return.
It is estimated that homeowners have a 45 times higher net worth than renters. Since the obvious difference is that renters don’t own a home, owning a home is a distinct advantage. The leverage that allows a borrower to control a much larger asset with a small down payment gives them a return on the much bigger asset than on just the down payment.
Another interesting contribution is the forced savings that occurs with each payment made on the mortgage. A portion of the payment is applied to principal so that the loan will be paid in full by the end of the term, usually 30 years. The amortization on the 4% mortgage example from above has approximately $4,300.00 paid in the first year to reduce the principal which increases the owner’s equity in the home.
For people who have the necessary funds for the down payment and good credit, buying a home can be a financially stabilizing event. While research on the Internet can provide valuable information, there is no substitute for having a face-to-face meeting with a trusted professional to determine your specific facts.

Thursday, March 3, 2016

What Should I Do In My Remodel?

Are you looking to do some remodeling on your home?  Getting ready to Sell?  Where is a place to start?

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