ARCHIVED BLOG POSTS

2018 

Buying a Home for a Parent (or child)        There's a rise in the United States of multigenerational living - that is, 2 (or more) generations living under one roof.  As homes grow in size more people are taking advantage of in-law suites, multi units, and other property alterations to comforta...
10/18/2018
    The Funds Needed at Closing = "Cash to Close"   "Cash to Close" ... It's the term used in mortgage lending that refers to the final amount of money a Borrower needs to bring or send to their Closing on their Closing day.   But in today's modern mortgage process, "Cash to Close" actually mean...
10/18/2018
Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.2% by the third quarter of 2019. CoreLogic predicts home prices to apprec...
10/18/2018
Nowadays, becoming minimalist in style is trending for new home owners. They prefer space saving furniture and fixtures such as a bed which has an extension and act as a cabinet too. Here are 5 ideas to maximize your space…1. Do you love arts? Something like paintings…either abstract or not. Let...
10/17/2018
We are all somewhat vulnerable in our homes but there are some simple fixes we can make to make our homes more secure.The Justice Department statistics report that there were 3.7 million- burglaries (that’s 7 homes every minute) between 2003 and 2007. In about 28% of those burglaries, someone wa...
10/17/2018
  Here are the steps to take if you find yourself stuck with a bunch of clutter that you need to work through quickly and efficiently. Depending on how much clutter you have to deal with, this could take a few days or months. Realize You Have Enough. "He who knows he has enough is rich.” Chinese...
10/17/2018
Congratulations!  You have successfully sold your home!  What a relief, right?  Now comes the hard part. Moving.  Moving is one of the 10 Most Stressful Life Events along with job loss, death of a loved one, divorce and major illness. Sounds fun, huh?  That’s why it is important to go about movi...
10/17/2018
How Deep Is Your Credit History?   "My credit is excellent! I have, like, a 950 score!" With such hyperbole (FICO scores range between 300 and 850) you'd almost expect this to be a quote from the president.  But in reality, we hear such statements frequently in the mortgage business.  And it mak...
10/16/2018
  Rental Income: A Growing Investment Trend   Over the recent months, I've seen a growing trend in my local Chicagoland real estate markets ...   The number of Investors inquiring about the purchase of condos, apartments, townhomes, and even traditional owner-occupied single-family homes to be u...
10/16/2018
Debt to income ratio or DTI is one of the primary calculations to determine credit worthiness for obtaining a home mortgage.  This along with your FICO score or Fair Isaac Corporation Score, will determine whether you can qualify for a mortgage. For most lenders, the DTI needs to be under 43% an...
10/16/2018
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Fred Griffin Florida Real Estate

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