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Showing posts from April, 2021

What Unmarried buyers should know

 With interest rates low, many people have decided now is a good time to buy a home. There are some things to be aware of and legal protections to have in place if you are unmarried and purchasing a home with a partner. Take a moment to review the information below, and then contact us with your questions and to get pre-approved. There are a few things unmarried couples purchasing a home together should plan for such as: whose names will go on the mortgage and the title, how to list ownership (sole ownership, joint tenancy or tenants in common), survivor rights (state property rights dictate property inheritance, but what happens if you’re not married?). Visit this helpful page for more information and related links. If you have any questions or need a pre-approval*, please call Fairway Independent Mortgage and we can talk you through the process. A pre-approval is not an approval of credit and does not signify that underwriting requirements have been met.

To Renovate or Not To Renovate Before You Sell

 When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital. Read on for some things to keep in mind if you’re thinking of selling this season. But if you are unsure-let’s run the numbers, a refinance may be an option if you are committed to staying in your home. There aren’t enough homes for sale right now. A normal market has a 6-month supply of houses for sale, but today’s housing inventory sits far below that benchmark. According to the National Association of Realtors (NAR), there’s only a 1.9-month supply of homes available today. As a result, buyer competition is high and homes are only on the market for about 21 days, during which time many receive multiple offers from hopeful buyers. In a competitive market that’s moving so quickly, it makes sense to sell your house when buyers are scoopin...