Soft inquiries, sometimes known as a soft credit check or a soft credit pull, do not impact your credit scores because they are not attached to a specific application for credit. They can occur when a credit card issuer or mortgage lender checks a person’s credit for preapproval purposes. Examples of soft inquiries are when […]

When the situation arises that you have a lump sum of cash to pay down your existing mortgage, there may be different options available. Pre-paying principal on a fixed-rate mortgage shortens the term of the mortgage but the payment stays the same. Conversely, recasting a mortgage with a lump-sum principal payment lowers the principal and […]

Do you remember if or when you have replaced your washing machine hoses? Are they the original hoses and if so, how old is your washing machine? It is recommended that washing machine supply hoses should be replaced every five to seven years. Washing machines, like all appliances, are expected to work and when they […]

Key Takeaways: Many of the dynamics seen in 2021 will carry through into next year’s housing market, but at a much less frenzied pace. As remote work becomes a more permanent, widespread option, Millennials are taking advantage and entering the real estate market. We’re ready for another seller’s market. Like last year, there isn’t time […]

The Fannie Mae and Freddie Mac loan limits are adjusted annually to keep up with cost of living but with the appreciation experienced in many markets, it may not be enough. When the conforming loan limit is not enough, qualified buyers can turn to a jumbo loan. The maximum loan limit on conforming, conventional loans […]

Credit utilization reflects how much of your available credit is being used at a given time. Lower credit utilization indicates that a borrower is not heavily relying on their credit and that they are using their credit responsibly. Is calculated by dividing your total credit card balances by your total limits. The higher the percentage, […]

Key Takeaways: In today’s hot market, it’s more important than ever to choose the right agent to help you buy or sell a home. Real estate agents don’t just offer local expertise—their insider knowledge and marketing prowess come in handy, too. Thinking about making a move in the new year? Contact us to start planning […]