August, 2020 RSS Icon
Found 2 entries for August, 2020.

Written by Darren Morris

 

First off, what is a "blue tape" walkthrough?

You are under contract and working towards closing on a new construction home!  Congratulations-buying a home that no one has ever lived in before is exciting.  There are many steps to take to get to the finish line, but one of the more fun ones is the blue tape walkthrough.  It's called that, because we will have a roll (or two) of blue tape.  We will be taking a very close look at everything-from top to bottom-and placing a piece of tape close to the issue you find.  Then, the builder will come back before closing and take care of all of those spots.  Making the house as close to perfect for closing as possible!  It's also recommended to bring a friend or your Realtor, so

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Written by Darren Morris 

Mortgage Buying Power:

It may seem complicated, but doesn't have to be:

When you pay your monthly mortgage payment, some of it goes to interest and some goes to principal.

Here's one example:

  • Let's say you are at a 4% interest rate, and you can only afford a $2,000/month payment.  This means you can afford a house that is $379,000.
  • What happens if you can get down to 3% interest?  Now, with that same $2,000/month, you can afford a house that is $414,000.  That's is HUGE! 

So, as you can see, just this very small drop (1%) interest could mean the difference in a better location, more updates, a bigger yard-the possibilities are endless!

This could be the perfect time for you to buy a house.  In

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