Home equity is the market value of a homeowner’s unencumbered interest in their real property, that is, the difference between the home’s fair market value and the outstanding balance of all liens on the property. In economics, home equity is sometimes called real property value. (Wikipedia) Homeownership offers many advantages over renting, including a stable living environment, […]
First-Time Home Buyer Tips
I’ve put together 15 First-Time Home Buyer Tips for you to get started on your journey toward the American Dream of homeownership. These tips are a great way to get started, but they do not cover everything you need to know about buying your first home. Still, this should give you a good head start. […]
What’s Ahead for Real Estate in 2019?
As we begin another year, everyone wants to know: “Where is the housing market headed in 2019?” It’s not only buyers, sellers, and homeowners who are impacted. The real estate market plays an integral role in the overall U.S. economy. Fortunately, key indicators point toward a stable housing market in 2019 with signs of modest […]
Pre-Qualified vs Pre-Approved: What’s the Difference?
One of the first steps in purchasing a home is getting either pre-approved or pre-qualified for a mortgage. Unless of course, you’re buying with all cash. 😁 It’s very easy to get confused between the two things. So, should you get Pre-Qualified or Pre-Approved for a mortgage loan? Without getting into too much detail, we’ll give you […]
2017 Year in Review * Guthrie Group Homes, Realtors
2017 was another crazy year, both in real estate, and California as a whole. Not to mention the nation and the world! I’m not sure if it’s me, but things seem to get stranger every year. Maybe it’s just my age. Despite the craziness, it was a pretty good year. But that all depends on […]
How Credit Cards Affect Your Mortgage Application
So you think you’re finally ready to buy a house, but you have some credit card debt you’re thinking of paying off first. You’re wondering if your credit cards will affect your ability to get a mortgage. That’s a smart thing to wonder! Getting your credit in order before you apply for a home mortgage […]
The Worst Mistake You Can Make with a Grant Deed
Libby has been particularly frustrated about something lately and has asked me to share it with you. She wants very much for people to avoid a particular mistake that can cause them all kinds of problems regarding a real estate thing. We have seen people make this mistake many times over the course of […]
