Archive for November, 2015

TRID is here, and all is well!

Tuesday, November 24th, 2015

It’s been six weeks since new closing rules took effect and aside from a few snags, the experience has been positive, according to the assessment of an industry panel at the 2015 REALTORS Conference & Expo in San Diego. Anthony Lamacchia of Lamacchia Realty in Waltham, Mass., says the intent of the rule changes—to make […]

Avoid these 4 for a smooth sale!

Wednesday, November 18th, 2015

1. Covering up potential issues. Masking potential issues – from odors to a bad foundation – can be a costly mistake in the end, for the seller too. Serious defects that a seller knows about but fails to disclose can result in a buyer who backs out at the last minute, asks the seller to fix […]

Some strategies that help pay off your mortgage early!

Tuesday, November 10th, 2015

An Extra Habit Each time you pay extra on your mortgage, more of each payment after that is applied to your principal balance. Here are some options for paying extra and examples of how extra payments will affect the average $220,000, 30-year mortgage with a 4% interest rate: Make an extra house payment each quarter, […]

A little Monday Money advice! Especially if you plan to buy a home!

Monday, November 9th, 2015

1. No-money-down plans Want a new mattress? How about a payment plan with no money down? Never mind the fact that you’re financing a freaking mattress, now you also have zero “equity” in said mattress. The no-money-down trap is simply another way to get you locked into making long-term payments on items you need to […]