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4 tips for financial independence

In spirit of the Fourth of July, Vera Gibbons suggests 4 possible ways to become financially independent in her Zillow blog post, “4 Steps to Financial Freedom.” Refinance. Mortgage rates are still at historic lows, and if you haven’t refinanced in the past few years, you should at least consider it. You could save thousands in interest in the long run, even with the associated fees. Shorten the life of your loan. Rates for 15-year mortgages are even lower by almost 1 percent. You’ll pay less interest because the rate is lower, and because you’re not accruing interest for as long. Pa...

July 5th, 2012 4 tips for financial independence

Home values increase in May

Home values increased for the third consecutive month in May, according to Lauren Riefflin of Zillow, up 0.5 percent from April. While home values continue to decline annually, the decrease from May 2011 to May 2012, which was 0.9 percent, was the smallest decline we’ve seen since October 2007, Riefflin explains. A chart from Zillow on the home value index is shown below. Inventory is tight, and obtaining a mortgage isn’t as easy as it once was, which both work against a housing market recovery. In other news, mortgages rates remained at an all-time low this week, hovering around 3...

June 29th, 2012 Home values increase in May

Things that make a home a good home

When looking to buy a house, people often don’t think about what others value in a home. Of course, what you want is most important, but remember, you may want to sell the home one day. In his blog post, “10 Things That Make a Home a Good Home,” Brandon Desimone looks at 10 qualities that will make a home appealing you to, as well at potential buyers down the road. 1. Location, location, location. As Desimone puts it, you could have the worst house in the world, but if it’s in a good location, it will sell. Location matters on so many levels, as high as town or city, then neighborhood,...

June 26th, 2012 Things that make a home a good home

5 questions to consider before buying the home

You hear so much about now being the ideal time to buy. And it is. But don’t let that pressure you into buying a home that isn’t the right home. In his blog post, “Five Questions to Ask Yourself Before Deciding to Buy,” Leonard Baron covers the major questions that may seem obvious, but that you want to stop and think about before signing that contract. Will I own it for at least 5 years? Five years is about the break-even point for earning appreciation in value above the buying and selling transaction costs, according to Baron. So to ensure that you won’t end up losing money on the ...

June 14th, 2012 5 questions to consider before buying the home

What should and shouldn’t be included in your home purchase

Interesting blog post by Brendon Desimone regards the things that are and aren’t included with a home purchase. In “5 Things Not Necessarily Included in Your Home Purchase,” Desimone offers an antidotal account of one buyer who fell in love with the large, unique mirror in the foyer of the home she was purchasing. When she came to move in, the mirror was gone, and all that was left were a few holes and missing wallpaper. Unfortunately, things like this happen all the time. It’s important to know, and include in your purchase agreement, what is and isn’t part of the buy. Appliances. T...

June 14th, 2012 What should and shouldn’t be included in your home purchase

Moms share real estate advice

We know it’s a little late, but this idea was too cute to pass over. In her blog post, “Moms Share Their Advice for Real Estate,” Erika Riggs shares the advice mothers have given their children in regards to purchasing a home. The number one word of advice, Riggs said, was to have financial sense. One mother, Kristie Caron-White, said don’t take the amount you’re approved to borrow as the amount you have to spend. You can always spend less if you don’t have much saved. Melissa Nowak said to buy as if you only have one income. Another big piece of advice was ...

May 18th, 2012 Moms share real estate advice

Acadia Lending Group LLC

190 Riverside Street Unit 4B
Portland , Maine 04103

Phone: 207-899-4500

Fax: 207-899-4503

NMLS: 370636

 

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