Real Estate Blog - Blog Archive: March, 2020

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How to Decide Between a Fixed-Rate and an Adjustable-Rate MortgageWhen Brentwood homebuyers are first getting to know their mortgage options, they'll likely hear the terms ARM and fixed-rate over and over again. They're also likely to notice that one has more attractive interest rates than the other. But choosing between an adjustable-rate mortgage (ARM) and a fixed-rate mortgage is more than just considering the interest rates as they are now. Learn more about how buyers should approach their mortgage, whether they plan to stay in the home for 5 years or 5 decades.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

How Adjustable Rates Work

Adjustable rates can change based on the market, making it possible…

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Everything Homeowners Need to Know About Disclosures When SellingAre you selling your Old Hickory home? If so, you'll need to deal with disclosures. Knowing what disclosures are and writing disclosures properly can help you sell your house. Disclosures are a part of the home's buying contract. If the disclosures are not written properly, this can cause problems for sellers and buyers. Here's what you need to know.

For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any real estate transaction.

What Are Disclosures?

In the disclosures section, the homeowner lists known defects with the house. Typically, only certain defects need to be listed. Small defects, like holes in the wall, or a broken door knob, do not usually rise to the level of needing…

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When Debt-to-Income Ratio is Too MuchWhen you apply for a mortgage to buy a home, there are many factors that your lender will consider before approving your loan. One of the things that lenders think about when they're approving or denying a mortgage is the potential borrower's debt-to-income ratio. Knowing what DTI is, how that impacts your ability to buy a home, and what you can do to improve your debt-to-income ratio can help you through the home buying process.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

What Does Debt-to-Income Ratio Mean?

Debt-to-income ratio is the amount of money that a home buyer pays monthly for debts compared to the amount of money they make…

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