Posted by Lisa Treu on Friday, February 14, 2020 at 9:00 AMBy Lisa Treu / February 14, 2020Comment
What Type of Mortgage is Right for Me?
When our parents were buying their first home, there was only one way to finance the purchase. You would walk down to the local bank and ask for a 30-year mortgage. That's how our parents and grandparents were able to buy a home. Many of us spent our childhood there.
Things sure have changed. The average homeowner moves every 7-10 years. Either because of a new career opportunity or a change in lifestyle can significantly affect the way people manage their property. Depending on your needs, there are a number of mortgage options you might consider, each with its own pros and cons, spending some time to fully understand the options is the best way to choose the right loan for your needs.
While loan programs and terms vary, the most common are:
Posted by Lisa Treu on Friday, February 7, 2020 at 12:00 PMBy Lisa Treu / February 7, 2020Comment
Why You Should Invest In Real Estate Early
It's important to know why you should invest in Real Estate at an early age and know the impact it can have on your wealth. According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60.
The good news is, our younger generations are strong believers in homeownership.
Posted by Lisa Treu on Friday, January 31, 2020 at 9:00 AMBy Lisa Treu / January 31, 2020Comment
Real Estate Equity
83% of Wealth comes from Equity.
Real estate equity is a large contributor to wealth. It is important to have a strategy to get you the wealth that you desire.
Over the past few decades, people's way of view when it comes to homeownership has changed. Unlike previous generations, like our grandparents, who bought a home with a 30-year mortgage and celebrated the day they made their last payment, today’s home buyers rarely stay in their home that long. Some move across the country, overseas, or is choosing a smaller home. As a result, the way mortgages are viewed has changed as well and often buyers are not building the equity in their homes the way it used to.
But there are benefits to building equity and paying down the loan, here are just a few:
Posted by Lisa Treu on Monday, January 27, 2020 at 12:00 PMBy Lisa Treu / January 27, 2020Comment
Homes Are More Affordable Today, Not Less Affordable
The National Association of Realtors (NAR) releases a monthly Housing Affordability Index. The latest index shows that home affordability is better today than at almost any point over the last 30 years! House prices have substantially increased over the last several years.
It’s not, however, just the price of a home that matters. It's important you have someone to support you to see how mortgage, price, affects the affordability equation.
Mortgage rates have fallen by over a full percentage point since December 2018. Another major...
Posted by Lisa Treu on Friday, January 24, 2020 at 9:00 AMBy Lisa Treu / January 24, 2020Comment
Have You Outgrown Your Home?
Many homeowners are surprised when they suddenly realize that the “perfect” home of just a few years ago no longer suits their needs. From an expanding family to an empty nest, it’s common for a home to no longer feel like the same way it used to be and be the right fit. If you’re unsure if you’ve reached the point where a move is warranted, here are a few signs you’ve outgrown your home:
More Kids than Rooms or More Rooms than Kids
Having kids is a life-changing experience. With that said, life changes and our homes must change, too.
Posted by Lisa Treu on Friday, January 17, 2020 at 9:00 AMBy Lisa Treu / January 17, 2020Comment
2020 Pantone Color of the Year – Classic Blue
Drum roll please – Pantone has chosen Classic Blue as their color of the year. What do you think?
Over the past couple of years, bold and bright colors as wall decors or even as throw pillows have been all over designer magazines and new homes style. This year, Pantone has chosen a fresh Classic Blue to inspire homeowners and designers in 2020.
Classic Blue has this timeless and cool elegance vibe into it. Think of your favorite sneaker or school binder and you’ll be right on track. Described as a calming, familiar azure, Classic Blue is an uncomplicated, straightforward tone intended to provide a “neutral” backdrop for modern color palates and urban chic styling.
Posted by Lisa Treu on Friday, January 3, 2020 at 9:00 AMBy Lisa Treu / January 3, 2020Comment
How To Pay Off Your Loan Faster
Getting a loan is part of the process for many home buyers. But, that's only the beginning of your homeownership journey. For generations, homeowners would buy a home for life. Working over the years to make the payments and celebrating the end of the 30-year mortgage were great milestones.
Today, few homebuyers expect to be in their home for longer than 7 - 10 years. Paying off a 30-year mortgage seems like an impossible task. Fortunately, there are great ways to pay off your loan which do not involve time. Here are some home loan strategies to help you pay off your mortgage loan faster.
How To Pay off Your Mortgage Faster
Biweekly Payments – Work with your lender to determine how they handle biweekly payments. If processed immediately,...