How Much Should You Put Down?

Like most questions, the answer is “it depends”. Today, I thought I’d give you some things to consider. Let’s begin the discussion with loans that don’t require Mortgage Insurance. The suggestion is to borrow as much as you can afford. As an example, borrowing $310,000, as opposed to $300,000, will increase your mortgage payment by […]

Lending a Caring Hand

Have you ever wanted to help a neighbor or friend and just didn’t know how? Neighbors and friends from a Medina neighborhood have stepped up to help a deserving couple in a tangible way. A recent article from the Lakeshore Weekly News was brought to our attention that we wanted to share in hopes of […]

Weekly Market Update November 15, 2011

Pending home sales were off to the races as buyers eagerly entered more contracts than during the same week in 2010. Sellers pulled back a bit as they listed fewer new properties than last year at this time. By and large, inventory declines have been the 2011 tale to tell, but a handful of alternative […]

Bob’s Bottom Line Mortgage Update – November 14, 2011

Breaking News: Stocks finished sharply higher Friday, extending their gains for a second session, amid signs of stabilization in the euro zone and after a better-than-expected consumer report. All three major averages are now in positive territory for 2011. The Italian Senate passed a new budget that would allow for final approval of the package […]

Why Do You Want to Buy a Home?

If you are in the market to buy a home of your own, you need to ask yourself one question: WHY? It seems like a simple enough question yet it is not. Experts are predicting that, in many markets, prices will continue to soften. That has caused many buyers to stay on the fence of indecision […]

Golden Valley Community Honors Veterans Tomorrow

Tomorrow marks one day in each calendar year that does not go unnoticed by many in the United States. As we honor those who have served our country so faithfully throughout the years, let us celebrate and remember all that the Veterans of the United States have done for the freedom of our country. King […]

The Royal Couple Is Moving Up!

Prince William and the Duchess of Cambridge, who are currently based in Wales, have finally picked an apartment in historic Kensington Palace as their permanent London home. William and Kate currently live in a rented house in Anglesey, north Wales, where he works as a Royal Air Force search and rescue helicopter pilot. Plans are […]

Market Update November 8, 2011

Local home buyers had no reservations about exceeding their 2010 purchase volumes for the week. Sellers were a bit shy, introducing fewer new listings to the marketplace than last year. It’s particularly important to watch the inventory needle as it can illustrate the overall market balance. Speaking of which, now is a great time to […]

Bob’s Bottom Line Mortgage Update – November 7, 2011

Breaking News: The dramatically shifting headlines from Europe once again trumped all other news. The Labor Department reported earlier this morning the national jobless rate unexpectedly dipped to 9.0% in October – even as the headline jobs number posted a gain of 80,000 – well below forecasts calling for a gain of 95,000 or more. […]

Pending Home Sales Index Rises From One Year Ago

A monthly index that tracks pending sales of U.S. resale homes rose in September compared to a year ago, while falling on a month-to-month basis, the National Association of Realtors reported today. Also today, NAR released its latest forecast report for 2011 and 2012, revising up an earlier prediction for U.S. real gross domestic product […]