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Updated: Tuesday, April 20, 2021


15 vs. 30-year Mortgage: What to Know
Written By: Ashley Sutphin

When youre applying for a home loan, you face the option of getting a 15 or a 30-year mortgage. It can be a daunting decision, and thinking about something 15 or 30 years down the road is overwhelming.There are pros and cons to both options, which are compared below.The BasicsThe basics of a 15-year mortgage include the fact that its going to be...


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How to Make Real Estate Investing a Full-Time Career
Written By: Ashley Sutphin

If youre interested in real estate investing, or you already dabble, the ultimate goal might be to make it a full-time career.There are good reasons to want to do that.Real estate investing can be lucrative, and it gives you a lot of freedom and flexibility.Its often something thats glamorized, but making it a full-time career doesnt happen over...


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Ask the HOA Expert: Fee Increases, Messy Trees, Meeting Minutes
Written By: Richard Thompson

Question: At our annual meeting, the board advised that the monthly condo fee was increasing by 30. Some argued that some services could be discontinued and that they would rather pay a special assessment to do a renovation project next year. Whats the answer?Answer: The Board is required to establish a budget adequate enough to pay the bills, c...


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Your Loan Officer Should Know In Advance If You’re Going to Get an Approval
Written By: David Reed

An experienced loan officer, that is. Gone are the days when your loan officer gathers up absolutely everything needed for the loan file before sending it over to another individual, the underwriter, for a loan approval. Even if some of the documentation isnt ultimately needed for an approval. Paper loan files would be several inches thick. Cons...


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How To Identify And Avoid Dangerous Hazards In Your Home
Written By: Jaymi Naciri

Its safe to say that none of us is purposely making our homes a hazard. And, no matter how hard we try, accidents still happen. But there is nothing more important than protecting ourselves, our families, and our investment."The home is supposed to be where you and your family are safe and protected but every year accident and emergency units de...


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The Third Rule of Home Staging: Add a Splash Of Color
Written By: Neila Deen, Houzz

When it comes to staging a home for sale, the >But many homeowners who already have colorful walls or furniture may wonder if its possible to keep some color in their staged home. The answer is absolutely yes. You can maintain - or even add - just a pop of color to create the right amount of personality and >Brighten the Living RoomThrow pillows...


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Why One Lender Will Approve a Loan While Another Will Not…On the Same Loan Program
Written By: David Reed

Something that many consumers may not be aware of is that lenders typically carry the very same loan programs. In the mortgage market, lenders dont open up their vaults to finance a new home loan. That old process vanished years ago. When lenders did use their own funds, they would soon get to the point where they ran out of money to lend. Think...


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Spring 2021 Real Estate Trends to Look For
Written By: Ashley Sutphin

Spring is always an interesting and exciting time in real estate, so what are analysts expecting we can see this year?Increasing Mortgage RatesIt appears, depending on how the economic recovery comes along, that mortgage rates could continue to increase. Rates have been on the rise for weeks, while earlier in the year, they were holding under 3....


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How Does Rent-to-Own Work?
Written By: Ashley Sutphin

If you want to buy a home, one agreement option available is rent-to-own. Of course, not every homeowner is going to agree to it, and it comes with a set of pros and cons.The following is a breakdown of everything you should know about rent-to-own when it comes to buying a house.The BasicsA rent-to-own purchase has appealing elements, but there ...


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Ask the HOA Expert: Proxy Votes, Low Reserves, Transfer Fees, Special assessments
Written By: Richard Thompson

Question: Our Board dealt with a contentious issue recently. When it came time to vote, one of the directors pulled out a proxy from an absent director authorizing her to vote on his behalf. Is that proper?Answer: Proxies are not appropriate for board meetings since directors are elected by the members to perform HOA business. Elected officials ...


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PMI - It’s Not a Bad Thing
Written By: admin

One of a lenders main jobs is to evaluate risk. If a lender looks at a loan application, what is the risk in making a home loan? Hows the credit look? Can the borrowers comfortably afford the new monthly payment? Is the property going to be owner-occupied or will it be a rental? How much down payment is involved? All of these questions and more ...


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How To Get The Most Out Of Small Kitchens
Written By: Realty Times Staff

Many people complain about small kitchens but tiny spaces arent always to be dreaded. If youre selling your home and your kitchen is, well, compact, know that you can find ways to achieve big appeal with a little creativity.Bring in the lightSometimes small kitchens can be dark, making them feel even smaller. But if you remove the curtains from ...


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Should You Finance Your Renovation?
Written By: Jaymi Naciri

You can finance your house, your car, your new teeth, and your college degree. We just got a quote from a company that offers financing on new board-on-board fences But no thanks on the interest rate that is triple what we have for our mortgagewell live with our existing fence a bit longer, thank you..If youre looking to finance your renovation,...


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How to Say Goodbye to Renting and Hello to Home Ownership
Written By: Realty Times Staff

Becoming a first-time homeowner takes a lot more than a desire to buy a house. It takes a lot of effort on your part to save up a down payment which is usually a pretty good sized chunk of change research neighborhoods, get pre-approved for a loan and other steps. Fortunately, it is quite possible to say goodbye to renting and hello to homeowner...


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Mortgage Rates Continue To Rise
Written By: Ashley Sutphin

At the start of April, it was announced mortgage rates in the U.S. have risen for a seventh straight week. The average for a 30-year loan was 3.18, which was up since last week when it was 3.17. That was the highest since June, according to Freddie Mac data.Rates have gone up from their record low in January, which was 2.65.The increase has mean...


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HOA Manager Screening
Written By: Richard Thompson

When going through the process of hiring a professional homeowner association manager, its necessary to know what services you are interested in receiving. While each company offers a set of core services, the set varies from company to company. Its up to the client to define the scope of work so that proposals received can be compared and contr...


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What is a ‘Bank Statement’ Loan?
Written By: David Reed

A >At the height of the real estate boom in the mid-2000s, buyers who otherwise wouldnt qualify for a traditional loan could buy a house with very little documentation. Because of this ease of qualifying, real estate markets heated up, driving up home prices. Buyers would essentially flip a property after just a few months making money on the sa...


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Seven DIY Bedroom Updates For A Chic Sleeping Space
Written By: Jaymi Naciri

Even though its the place we spend hours in, >You dont have to be afraid of tackling this important space; little changes can make a big difference, and many can be made this weekend without outside help. Shake out those muscles and get ready to make that bedroom beautifulUse wallpaper in new waysCreate an urban chic look with a feature wall of ...


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Tuesday, April 20, 2021

What is a ‘Bank Statement’ Loa...
A >At the height of the real estate boom in the mid-2000s, buyers who otherwise wouldnt q...

Seven DIY Bedroom Updates For ...
Even though its the place we spend hours in, >You dont have to be afraid of tackling this...

Copyright ©2021 - Realty Times®
All Rights Reserved.

Message from our Broker, Lillian Macken
Happy New Year! On behalf of the entire team here at Macken Realty, we wish you all a very...

Sixty Million Dollar Sale Breaks Miami Record
This week the South Florida residential real estate record was set with a sale at preconstruction...

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