We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer. Whenever we try…
There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and…
Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: 1. The bump-up in rate should…
Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today. These perks are powering big moves for people across the country. Here are the top two…
The Seven Steps of Well Installation | Nicole Prigge-Taylor Real Estate Agent Ellensburg, Kittitas, Thorp
How Property Taxes Can Impact Your Mortgage Payment When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your state or local area? When applying for a mortgage, you’ll see one of two…
You have started your home buying journey – YAY! There are all sorts of terms being thrown around: earnest money, escrow, inspection, appraisal, closing, and due diligence. So, what the heck is due diligence in real estate and why does it matter?
You made an offer and it was accepted (yay!). You’re well on your way down the path to homeownership. Now, the next task is to have the home inspected prior to closing. Agents often recommend you make your offer contingent upon a clean home inspection. This contingency allows you to renegotiate the price you offered…
If you’re planning to buy a home, an appraisal is an important step in the process as is an inspection. So, what’s the difference between an appraisal and a home inspection? It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or…
The first stop on any journey is gathering resources to educate yourself. More than anything this post will serve as a dumping ground for every audio book, podcast, and blog I find that brings value to my educational journey. Audio Books The Book on Rental Property Investing: How to Create Wealth and Passive Income Through…
