Posted by Make your Home your Haven! | Filed under Finding a Realtor, Helpful Information, Timely Advise
Happy New Year! Call Me..225.933.7062
31 Monday Dec 2018
Category Archives: Finding a Realtor
Indecision is Not a Decision
17 Tuesday Oct 2017
Tags
Buying a Home, Buying vs Renting, Mortgages, Real Estate, Rent vs Buy, Rent Vs Own, renting vs buying, renting vs buying a home, Savings on buying a home, steps to buying a home, taxes
There could be some legitimate reasons for not buying a home but indecision is not one of them. Indecision is rooted in not having enough information to move forward to own a home or continue renting.
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If you keep renting, at the end of the year, you have had a place to live and a pile of receipts that helped the landlord pay for his house. Deciding to buy a home will give you a place to live that is yours and all the things that come with that.
When you consider principal reduction, appreciation and tax savings, your monthly cost of housing could be much less than the rent you’re paying. The principal reduction included in each payment is like a forced savings account that increases as your mortgage balance decreases. Your equity in the property will also grow due to appreciation as the home goes up in value. The equity is part of your net worth and an investment in your family’s future.
The income tax savings can be an additional financial consideration if the combined interest and property taxes are greater than the allowable standard deduction.
Trends are showing that both tenants and homeowners are staying in their homes longer. It’s been said that whether you rent or own, you’re paying for the home. Do you really want to buy the home for your landlord? Check out your numbers on a Rent vs. Own and then, call us to help make it happen.
Honored by Broker★Agent™ Advisor
18 Tuesday Jul 2017
Posted in Finding a Realtor
Janice Dubois Honored by Broker★Agent™ Advisor
In recognition for exemplary service during calendar year 2016, Janice Dubois receives Certificate of Excellence from leading real estate trade publication. “Fewer than 10% of real estate professionals nationwide are eligible for this Award and the honor is ours to endorse Janice Dubois.” says Chad Golladay, Executive Publisher of Broker★Agent™ Advisor
Certificate of Excellence This is to certify that Janice Dubois has met or exceeded criteria established by Broker Agent Advisor relevant to experience, reputation, and achievement… and having demonstrated every quality characteristic of a superior real estate professional is hereby recognized and honored for exemplary service to their community and as a credit to the real estate profession. Chad Golladay Chad Golladay Executive Publisher Broker Agent™ Advisor “Janice Dubois exemplifies the type of professional we designed this award for,”says Chad Golladay, Executive publisher of Broker★Agent™ Advisor. “A credit to their company, profession, and community at large both inside and outside of real estate; one with whom the honor is truly ours in being able to share this award.”
Located on Brightside Dr
07 Friday Jul 2017
Tags
baton rouge homes for sale, Brightside Drive Baton Rouge, Bus Route, condo for sale near LSU, Gates at Brightside, Homes for sale near LSU, homes in Baton Rouge
http://www.tourfactory.com/1822632
Enjoy the tour of this amazing condo near LSU..
This GATED community is ideal for those needing something with plenty of room. This condo offers POOL view, two designated parking spaces with additional overflow near by, nice private PATIO, open flow floor plan, and tons of STORAGE, new carpet on stairway, and new bathroom hardware and some new paint. The refrigerator, washing machine, and dryer remain. In addition you will have the convenience of being on the BUS route. This 3 bed /2 bath, ready to move into, condo will not last long. Check it out today!
When the rate goes up
26 Monday Sep 2016
Tags
FHA mortgage, Home Ownership Tax Benefits, Housing Market Trend, improving your credit score, tax incentives, Today's Mortgage Rates, Updated Interest Rates
It’s not “if” the rate goes up but “when” the rate goes up; it could make a big difference for some buyers. Freddie Mac predicts that mortgage rates will be at 4.5% a year from now.
If buyers can afford a home with higher interest rates, it means higher payments. Higher payments might mean they won’t have the money to spend on other things like furniture or improvements to the home or an unrelated purchase like a new car.
When the rate moves 0.50% on a $250,000, the payment goes up by $70.66 a month. If it moves 1.00%, the payment goes up by $143.74 per month, each and every month for the entire term of the mortgage which means paying over $50,000 more for the house.
The question facing every borrower in this situation is “How will you feel about having to pay more to live in the same house because you were not ready to commit?”
Then, there’s the borrower who is absolutely maxed out as to what they can qualify for or sometimes, it is a borrower who just refuses to pay a higher payment. When that’s the case, the buyer has to make a larger down payment. In the same example, a 0.50% increase in rate would require $14,873 more in down payment. That could make the purchase impossible or require the buyer to buy a lesser price home that will not have the same amenities.
Mortgage rates have been low for so long that some people think that is what they should be. There are some economists who believe that the economy will not be strong again until mortgage rates are in the 7% range.
To see how this type of scenario might affect you, go to the http://www.betterhomeowners.com/FinancialApps/RateGoesUp.aspx?AccountId=EDlpyr3ghkCnBFQdFv9dGQ&Auth=1
Pay Off Your Mortgage?
30 Tuesday Aug 2016
Becoming debt free is as much a part of the American Dream as owning a home but there certainly can be conflicting circumstances that make the decision to pay off your mortgage early unclear .
The advantages of paying off debt early is increased cash flow, less interest paid and a higher credit score. The disadvantages are lower cash flow available as discretionary funds for meals, entertainment and other things. If the ultimate goal is financial security, is it worth the intermediate sacrifice?
Whether you pay off your mortgage early is a personal decision that may be right for one person and not for another. Consider the following before you get started:
Reasons you should
- Peace of mind knowing that you don’t have a mortgage
- You’ll save interest regardless of how low your mortgage rate is
- Lowering your housing costs before you retire
Reasons you shouldn’t
- You can invest at a higher rate than your mortgage
- You have other debt at a higher rate than your mortgage that needs to be paid off
- You might need the money in the future and want to remain liquid
- You might not qualify for a mortgage currently
- You should pay off other debt with higher interest rates
- Your employer has a matching retirement plan that would benefit you more
- You have more urgent financial needs like emergency fund, life, health and disability insurance
- You expect high inflation and the value of your mortgage debt will decrease
Use this Mortgage Accelerator to determine how quick you can pay off your mortgage.
