DEBBIE BURNESS REAL ESTATE GROUP
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Home Insurance: Protect Your Investment
If you’re buying a home�or already own one�home insurance might not be the most exciting part of the process. But it is one of the most important. In many cases, home insurance is required to secure a mortgage, but even if it weren’t, having… Continue Reading “Home Insurance: Protect Your Investment”
Long Term Savings with a Shorter Term Mortgage
When financing a home, the 30-year fixed-rate mortgage is often the go-to option because of its lower monthly payment. But for buyers who can comfortably afford a higher payment, the 15-year mortgage deserves a closer look and may lead to significantly greater financial rewards… Continue Reading “Long Term Savings with a Shorter Term Mortgage”
Tips to Pay Down Your Mortgage Faster
One of the biggest benefits of homeownership is the ability to build equity�the portion of your home you truly own. Equity grows naturally over time in two ways: first, as you pay down your mortgage through regular payments (amortization), and second, as your home… Continue Reading “Tips to Pay Down Your Mortgage Faster”
Pay Me Now or Pay Me Later
There was a memorable Fram Oil Filter commercial years ago where a mechanic asked a customer during an oil change if he wanted to replace the filter. When the customer declined, the mechanic calmly replied, "That’s okay with me. You can pay me now,… Continue Reading “Pay Me Now or Pay Me Later”
Avoid These 12 Mistakes Homebuyers Make
Buying a home is one of the most significant financial decisions most people will ever make, yet it’s a process fraught with potential pitfalls. The good news? By learning from the common mistakes others have made, you can sidestep unnecessary stress, save money, and… Continue Reading “Avoid These 12 Mistakes Homebuyers Make”
Debunking Common Myths About FHA Loans
With high home prices, more buyers may turn to Federal Housing Administration (FHA) loans in the coming year. These government-backed mortgages are known for their flexible borrower requirements, such as lower credit scores and down payments as low as 3-5%. However, many sellers and… Continue Reading “Debunking Common Myths About FHA Loans”
Answers to an Inaccurate Property Tax Assessment
Each year, homeowners receive a notification of their property tax assessment, which, when combined with the local tax rate, determines how much they owe in property taxes. While this process is meant to fairly reflect a home’s value, assessments are not always accurate. If… Continue Reading “Answers to an Inaccurate Property Tax Assessment”
The Opportunity Cost of Delaying Homeownership
Opportunity cost is the value of the next best alternative that you give up when making a decision. In real estate, this concept plays a crucial role for buyers who are delaying to purchase a home due to high interest rates and rising home… Continue Reading “The Opportunity Cost of Delaying Homeownership”
The Real Cost of Waiting to Buy
If you’re holding off on buying a home because you think prices are too high or mortgage rates will drop, you might want to consider the opportunity cost of waiting. While it may seem like a safer choice to keep your down payment in… Continue Reading “The Real Cost of Waiting to Buy”
Seller Disclosures are about transparency
When selling a home, full transparency is key. Seller disclosures provide potential buyers with crucial information about the condition of the property, ensuring a fair and informed transaction. Understanding what must be disclosed and why it matters can help protect both buyers and sellers… Continue Reading “Seller Disclosures are about transparency”
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