Category Archives: Uncategorized

Can you shop around for a mortgage after Preapproval?

Posted on July 15, 2017 | Leave a comment

A mortgage pre-approval letter demonstrates an applicant’s creditworthiness and ability to obtain a loan by the lender based upon a credit evaluation. The pre-approval letter is not a mortgage loan commitment. The letter shows the seller that you are financially able to close the transaction based upon lender approval, if the seller accepts your offer to purchase the home. You also have the opportunity to obtain several pre-approval letters from different lenders and mortgage brokers before making a commitment to a mortgage loan.

Borrowers can compare mortgage loans with different lenders and choose the best deal that fits their budget and financial profile. Lenders and brokers offer different interest rates, fees and points. After evaluating offers from each lender, you have the opportunity to save money by negotiating with lenders to obtain an affordable mortgage loan.

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Should you renovate before you sell?

Posted on July 7, 2017 | Leave a comment

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Should you renovate before you sell your home? The definitive answer is … maybe. The truth is, it’s not as black and white as it seems, and it all depends on several factors.

First up, are you considering a renovation because you think it’s going to result in a greater sales price? If so, then you need to do some research and be smart about what you choose to change or add.

Take a look at the houses for sale in your area. Is there something they all have that you don’t have? Are you able to add that element to your property without vastly altering the existing footprint of the house? A good example would be if all the properties in the area have solar panels or an en suite, then you might need to add it so you are on par with the other houses on the market.

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What we can expect from the houses of the future

Posted on July 4, 2017 | Leave a comment

More and more houses are also going to have photovoltaic capacity to generate electricity, Wolfe says. “Therefore there needs to be a facility for the storage of battery cells and this may mean a new room or an extension of a garage,” he says.

“Energy efficiency is always something that will be a moving target. Material design and specification will facilitate the energy efficiency of houses and this is where innovation will play a big role.”

Ochiai adds he also believes future homes will make greater use of materials that require less maintenance to sustain. “This includes materials that don’t produce waste when you use them, such as prefabricated or prefinished material that is made off-site,” he says.

“I also think people will become more aware of the materials used, especially around chemicals. People are likely to keep their homes for a longer period of time because of housing affordability issues, so they will be demanding greater sustainability and longevity from them.”

disclaimer: for information and entertainment purposes only

Category Archives: Uncategorized

Can you shop around for a mortgage after Preapproval?

Should you renovate before you sell?

What we can expect from the houses of the future

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