Lori Blank

27

Oct

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Around The Home

Transforming Your Space One Project at a Time

When it comes to home improvements, many homeowners are opting for the do-it-yourself (DIY) approach. DIY home improvements not only allow you to save money but also provide a sense of accomplishment and personalization. Whether you're fixing a leaky faucet or renovating an entire room, taking on home improvement projects can have numerous benefits that extend beyond physical transformation. Cost Savings: One of the most compelling reasons to tackle DIY home improvements is the potential for significant cost savings. Hiring professionals can be expensive, especially for minor repairs or aesthetic upgrades. By doing the work yourself, you can avoid labor…

26

Oct

By Lori Blank

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Homebuyer Tips

Important Tips When Making a Down Payment for a Home

When it comes to purchasing a home, one of the most significant financial decisions you'll make is how much to put down as a down payment. Your down payment not only affects the amount you need to borrow but also plays a vital role in determining your mortgage interest rate and overall financial stability. Here are crucial tips to keep in mind when making a down payment for a home: Determine Your Budget and Financial Goals: Before you start setting aside money for a down payment, you must understand your budget and financial goals. Assess your current financial situation, including…

25

Oct

By Lori Blank

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Selling Your Home

Pros, Cons, and Considerations When Selling a House “As-Is”

When it comes to selling a house, homeowners have different options available to them. One approach that some sellers consider is selling their house "as-is." This means selling the property in its current condition without making any repairs or renovations. Pros of Selling a House "As-Is" Convenience: One of the primary advantages of selling a house as-is is the convenience it offers. By selling the property in its current condition, you can avoid the time, effort, and cost associated with repairs and renovations. Cost Savings: Selling a house as-is can potentially save you money. When you sell a property in…

24

Oct

By Lori Blank

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Home Buyer Tips

Worried about Your FICO Score? 4 Easy Strategies to Fix It Up

If you're worried about your bad credit, you'll want to do everything in your power to improve your rating as quickly as possible - especially if you have a major purchase coming up. Improving your credit rating can give you access to better interest rates on mortgages or even help you to get that job you're after. IMPORTANT! If you are currently involved in a home loan transaction, speak with your trusted mortgage lender before taking any action regarding your credit! So how can you boost your FICO score quickly and easily? Here's what you need to know. Get Your Credit…

23

Oct

By Lori Blank

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Financial Reports

What’s Ahead For Mortgage Rates This Week – October 23, 2023

This week featured the usual retail sales report which shows consumer demand and as well as an indicator of the velocity of money, not only for consumers but business to business as well. An increase would show an increase in national and local increase in economic activity, which is important as we move into Q4 of the year; where the holiday season is expected to see an increase in consumer activity. Retail Sales Retail sales have exceeded expectations this month showing month-to-month increases across the board: Retail sales are up 0.7% from the previous month with an expected increase of…

20

Oct

By Lori Blank

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Short Sale

How Will A Short Sale Affect Your Ability To Buy Another House In The Future?

The Short Sale and Your CreditOne of the most immediate consequences of a short sale is its impact on your credit score. When you sell your home for less than the amount owed on your mortgage, the lender reports the debt as "settled" or "paid less than the full amount," which can significantly lower your credit score. A lower credit score can make it challenging to obtain new credit, including a mortgage for a future home purchase. Lenders rely on your credit score to assess your creditworthiness, and a low score may lead to higher interest rates, larger down payments,…

19

Oct

By Lori Blank

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Selling Your Home

Flaws You Cannot Hide By Staging Your Home

1. Structural Issues:Staging might make a home look beautiful, but it won't hide structural problems like foundation issues, plumbing leaks, or a damaged roof. These are issues that can't be disguised with a fresh coat of paint or strategically placed furniture. It's crucial to address these problems before putting your home on the market. 2. Strong Odors:Staging can help create a pleasant ambiance with the use of scents and air fresheners, but it can't mask persistent, unpleasant odors. Lingering pet smells, cigarette smoke, mold, or other foul odors are instant turn-offs for potential buyers. 3. Outdated Features:Staging can distract from…

18

Oct

By Lori Blank

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Homeowner Tips

Chase Away the Winter Blues: Simple Ways to Uplift Your Home and Your Mood

Let There Be LightThe reduced daylight in winter can leave you feeling gloomy and lethargic. Combat this by maximizing natural light during the day. Keep curtains and blinds open to let in as much sunlight as possible. You can also strategically place mirrors to reflect light and make your space feel brighter. Embrace Winter DecorIncorporating winter-themed decor can transform your home into a winter wonderland. Think cozy blankets, plush pillows, and seasonal decorations. Choose colors that evoke warmth and comfort, such as deep reds, forest greens, and earthy browns. Create a Cozy NookDesignate a cozy nook in your home, whether…

17

Oct

By Lori Blank

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Around The Home

10 Tips to Secure Your Home While You’re on Vacation

A vacation is a time to relax and unwind, but it's essential to ensure that your home remains safe while you're away. Nobody wants to return from a fantastic trip to find their home has been broken into. With a few precautionary measures, you can significantly reduce the risk of your home becoming an easy target for theft. Here are ten tips to help secure your home while you're on vacation: Notify Trusted Neighbors or Friends: Let a few close neighbors or friends know about your travel plans. They can keep an eye on your property, pick up mail, and…

16

Oct

By Lori Blank

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Financial Reports

What’s Ahead For Mortgage Rates This Week – October 16, 2023

Last week’s economic report schedule included notable reports with the CPI & Core CPI in addition to PPI and Core PPI. Many markets are keeping a close eye on the inflation numbers for the U.S. as well as many other parts of the world to help guide their policies. Other notable reports were MBA Mortgage Applications Index and the University of Michigan Consumer Sentiment Report (Prelim.) Consumer Price Index With current inflation data, the Federal Reserve has hinted that they are close to ending their rate-hiking cycle for the future. This reflects a greater optimism for a soft landing in…