Tag Archives: franklin county

UNDERSTANDING ADJUSTABLE RATE MORTGAGES

INTRODUCTION TO ARMs Anadjustableratemortgage(“ARM”)isaloanwheretheinterestrateandmonthlypayment arenotfixed, butchangeperiodicallyduringthelifeoftheloantocorrespondwithmovementsinanindexrate. The conceptofadjustableratefinancingisbasedontheborrowerandthelendersharingtherisksofa fluctuatingeconomy. Ifinterestratesrise,theborrower’sinterestrateandmonthlypaymentincrease;if interest rates fall, the borrower’s interest rate and monthly payment decrease. This article is intended to provide basic information about ARMs, and to assist home buyers in understanding and comparing … Continue reading

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5 Ways to Speed Up Your Sale

1. Price it right- Begin by setting the price of the home or property you are selling at the lower end of the realistic price range. This allows buyers who are looking at comparable properties to take note of your … Continue reading

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10 Ways to Make Your House More Salable

If you are thinking of putting your home on the market or maybe you just did, here are a few ways to boost the appeal of you home. 1. The biggest issue to date is clutter, so naturally the first … Continue reading

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Are you getting ready to sell?

If you are one of the many home owners who are getting prepared to sell your home, whether you are up-sizing or down-sizing, here are a few tips to help get your home ready. 5 Things To Do Before You … Continue reading

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FHA set to raise premiums on mortgage insurance

The Federal Housing Administration (FHA) announced on Wednesday, Jan 30th that premiums on most of the new mortgages it insures will be raised by 10 basis points, or 0.1%. The FHA is the largest insurer of low down payment mortgages … Continue reading

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Home Tax Deductions You May Be Missing

With tax season in swing here are a few deductions you may have been missing out on. You will have to itemize you return, but you just might get a better return by doing so. 1. MORTGAGE INTEREST DEDUCTION: You … Continue reading

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How “fiscal cliff” deal affects homeowners

Here’s a quick look at how the “fiscal cliff” deal passed by Congress on New Year’s Day 2013 affects homeowners (for now): • current tax rates for all households earning less than $450,000, and $400,000 for individual filers remain in … Continue reading

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Tips to keeping your home warm & cost effective

With winter in full swing here in the TriCities our energy costs are on the rise, so here are a few tips to keeping those costs down that are not too late to implement. 1. Check for drafts around windows … Continue reading

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Thinking of Remodeling?

With the tax return season nearing, some of you may be thinking of remodeling your home. Here are some tips on finding the right contractor and avoiding the less reputable ones.  Before you open your phone book and start randomly … Continue reading

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