It’s easy to look up how much money you have in your savings account or the real-time value of your stock investments. But determining the dollar value of a home is more complex, especially when you are a mortgage loan officer. When trying to determine a property’s worth, you need to be able to valueContinue reading “What’s a Home Actually Worth?”
Author Archives: danfairwaymc
How Does a Home Renovation Loan Work?
Wondering, ‘How does a home renovation loan work?’ You’re not alone. In fact, one study shows that home remodeling searches more than doubled from 2020 to 2021. More and more people are considering renovating their homes, but not everyone has the cash on hand to do so. Enter the home renovation loan. What is aContinue reading “How Does a Home Renovation Loan Work?”
Property Appraisals and Appraisal Gaps: What You Need to Know
The appraisal gap isn’t so rare in today’s appreciating market. Read on to learn about the appraisal process and what happens when there’s an appraisal gap.
A Happy Tail: Pets and the Homebuying Process
Some Highlights It’s no secret that we love our furry friends – about 70% of U.S. households have pets. What may come as a surprise is how large a role they play in the homebuying process. Americans spend $1,163 a year on their pets, and nearly half of pet owners say they would move for better accommodations and amenities for their pets. If you’re thinking of addingContinue reading “A Happy Tail: Pets and the Homebuying Process”
Wondering How Much to Save for a House? Here’s the Deal
Many of the new buyers I speak with are confused about how much to save for a house. It’s not uncommon for people to assume they’re unprepared before they even speak with a mortgage professional like myself. Driving this misconception is the idea that you need at least 20 percent down to qualify for aContinue reading “Wondering How Much to Save for a House? Here’s the Deal”
3 Major Reasons To Buy A Home This Holiday Season
If you are ready to buy a home this holiday season but haven’t yet ventured into house hunting, I have some compelling information for you to consider. Just because the winter months aren’t typically the busiest time of year in the real estate market doesn’t mean you shouldn’t buy or sell a home. Although lowContinue reading “3 Major Reasons To Buy A Home This Holiday Season”
Why It’s the Right Time To Invest In Real Estate
If you are wondering if right now is the right time to invest in real estate, my answer is simple—yes! With mortgage rates still remaining low and forecasts of appreciating home values, the winter season may very well be your biggest leg-up in an otherwise tricky housing market. Whether you are looking to buy yourContinue reading “Why It’s the Right Time To Invest In Real Estate”
Here’s Your Guide for Things to Do In Newburyport
When you think of the North Shore, a few things may come to mind. Rugged coastlines, beautiful homes, and great school systems are just a few. Yet, there’s more to this area than meets the eye, especially if you’re looking for things to do in Newburyport. Located approximately 35 miles northeast of Boston, Newburyport isContinue reading “Here’s Your Guide for Things to Do In Newburyport”