Remodeling Impact Report
The National Association of Realtors recently published the 2015 Remodeling Impact Report its definitely worth looking at. The report ranks projects likely to increase value.
- Kitchen Renovation
- Bathroom Renovation
- New Master Suite
- New Wood Flooring
- Etc (see report)
The report goes into a lot of detail including estimated costs and how much the value is increased. If you are thinking of renovating your current home or purchasing a home and renovating it this report is a must see! I’m a big do it yourself and have personally renovated quite a few homes; whether you are a DYI or hiring a contractor this is simply some great information to have on hand. Thinking you would like to hire a pro but wondering how the heck you are going to pay for it? You aren’t alone. Here at Amerifirst Home Mortgage we have a whole array of renovation loan programs that can help you find a way to fund your home renovation. Give me a call to discuss your options or check out some more information here.
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HOW TO PROTECT YOUR MORTGAGE RATE WHEN CLOSING GETS DELAYED
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Are you under contract on a home with an expiring rate lock? Need a rate lock extension?
Yesterday, a buyer called me in a total panic. They locked in their mortgage interest rate 30 days ago while shopping for a home near the Westwood neighborhood. Everything moved along fine until the seller asked to push closing back by ten days to finish clearing out their garage.
The buyer asked me, “Jeremy, if our rate lock expires before we close, will our interest rate jump up? Will our monthly payment go through the roof?”
I told them straight up: “Take a deep breath! An expiring rate lock will not ruin your deal, and you will not lose your low rate!”