Paying Cash For Your Home May Not Be The Best Plan

paying cash for your home
Paying Cash For Your Home May Not Be The Best Plan

Paying Cash For Your Home

Everywhere you turn, you hear how bad it is to carry around debt. So naturally, it’s logical to think that buying a home with cash – or sinking as much cash as possible into your home to avoid the massive debt associated with a mortgage, is the smartest choice for your financial health. But paying cash for your home may not be the best plan.

But there’s a lot to consider when contemplating purchasing a home with cash versus obtaining financing via a mortgage.

 

Paying Cash For Your Home May Not Be The Best Plan: Audio File

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Good vs. Bad Mortgage Advice

Good Mortgage vs. Bad Mortgage Advice
Good Mortgage vs. Bad Mortgage Advice can save you money or cost you money.

The Worst Mortgage Advice Home Buyers Actually Believe

When it comes time to buy your house the mortgage part can be a daunting process if you don’t have the best advice.

Doug and Tammie discuss the bad advice people get during the mortgage process and offer the good advice as something to keep in mind before signing on the dotted line.

Biggest Mistakes:

  1. Being your own mortgage advisor or listening to your smartest friend
  2. Using a mortgage company or loan officer that isn’t a pro.

Worst Advice:

Don’t bother getting pre-approved for a mortgage

Good vs. Bad Mortgage Advice: Audio

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Property Rehab 101

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http://hbsr.homescouting.com/Listing/190/16028596

Property Rehab

When buying property for rehablilitation, it is really important to do your house clean-up and repairs in proper order.

You don’t want to get ahead of yourself or waste time and money having to do things twice.

Approach the rehab process systematically and do not frustrated if everything does not go according to your plans.

Once you have purchased your home be sure to file an “Notice of Intent to Sell “.

Preparing to Rehab the Property

Property Rehab 101: Audio Part 1

Property Rehab 101: Audio Part 2

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Cornerstone Mortgage Adds New Team Members

Cornerstone Logo_Green NMLS - TRANSPARENTCornerstone Mortgage, Inc Adds Team Members

Jim Norton is a mortgage professional at Cornerstone Mortgage, Inc. With more than 20 years in the mortgage industry, Jim has the experience and product knowledge to assist borrowers with all of their financial needs. Whether it’s a purchase or refinance, Jim will help his clients understand all of the steps in the loan process.

Jim prides himself on having a great communication system with his clients and real estate professionals. Mr. Norton knows high customer service grades don’t happen by accident; they happen because he puts his clients’ needs first. Jim and his team will help you every step of the way.

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CJ Jordan is a mortgage professional at Cornerstone Mortgage, Inc.  CJ has a passion for helping his clients achieve the American dream of owning their own home. He works diligently to make sure that dream is both attained and retained.

CJ believes that the process of attaining a mortgage is much more than a transaction, it’s about building long lasting relationships with his clients. He achieves this by working closely with his customers every step of the way. He utilizes his sound knowledge of the mortgage industry to offer the absolute best lending options available.

Why Are You Selling My Mortgage?

Doug-Show-CardSelling Your Mortgage Isn’t Personal

The sale of your loan is not personal and while you may be apprehensive about the potential sale there is nothing to fear, the only change you should notice is a different payment address.

Why are mortgage loans sold?

Lenders sell loans to clear their credit lines which allows them to lend money to the next borrower. This in turn helps the market grow (i.e., more purchasing, more lending).

Understand, no matter what type of lender you choose to do business with, there is always a chance your loan will be sold.

Audio File: Trid and Why Are you Selling My Mortgage

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Homeowner Money Saving Tips

caulking-gunHomeowner Money Saving Tips

So you just bought a home, first of all congratulations!  Maybe you have lived in your home for awhile now, congratulations.  Whatever the case is owning a home is a milestone in life for most people.

If you are settled in and now want to focus on saving money then check out these money saving tips:

 

 

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Flea Market Do’s and Don’ts

Flea Market finds can be a great way to decorate your home!

Flea Market Finds

Flea Markets can be fun and challenging and since you never know what you will find you need to keep an open mind and go in with a game plan.

What to do

  1. Plan Ahead:  Make two lists: One for items you need right away and one for projects or items you are considering.  Be sure to do your research on the value of items before you go or have your smartphone ready to research on the spot.  By doing this it will help you know whether the asking price is reasonable.
  2. Go Early:  If you are looking for certain items you may want to get there before store owners, collectors and designers do.  If you know your flea market well you will know which vendors have the items you are looking for.  In saying this the best time to haggle price is the end of the day mainly because they do not want to have to pack it back up!
  3. Be Smart with your money:  Some vendors will accept  credit cards but many still only deal in cash.  Be careful on carrying your cash you may want to consider the good ole fanny pack or cross shoulder body bag.
  4. Flea Market Tool Bag:  As you know flea markets are final no returns!  You need to make fast decisions.  You can reduce your risk of passing on something you later wish you purchased.  In your tool bag have color and fabric swatches of your drapes and upholstery along with your paint samples, tape measure, notepad if you do not have a smartphone,  pictures of items you have been thinking about.  In addition, have bubble wrap, blankets, rope, tape, screwdriver, pliers and a hammer in your car just in case you have to detach items or transport larger items home.
  5. Inspect the items:  The thrill of a spontaneous deal can take over reasonableness sometimes.  Examine the item from all angles and sides don’t forget the bottom, look for missing pieces, chips cracks and torn edges.  Some items may need repair but that is half the fun if the price is right.
  6. Stop to chat:  Creating good authentic relationships with vendors can be to your advantage.  When they see you coming many times than not they usually will give you big discounts.
  7. Your Needs:  Bring water and maybe a snack for yourself so you can keep your energy and health.

What Not To Do Continue reading Flea Market Do’s and Don’ts