Blogs | FlashHouse (2)
Blog
March 9, 2021
Meet The Simple And Fast Way To Sell Your Home In Cleveland
The Northeast Ohio real estate market has been strong, even during the COVID-19 pandemic. If you're looking to tap into this demand, you need to know the best way to sell your home. You can list your home on the real estate market or leverage the new way to sell a house for a hassle-free transaction.
March 5, 2021
The Reason Mortgage Rates Are Projected to Increase
We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer.
March 1, 2021
3 Ways Home Equity Can Have a Major Impact on Your Life
There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM Data Solutions, in their latest U.S. Home Equity Report, revealed that 30.2% of the 59 million mortgaged homes in the United States have at least 50% equity. That doesn’t even include the 38% of homes that are owned free and clear, meaning they don’t have a mortgage at all.
February 2, 2021
Difference Between a Home Appraisal and a Home Inspection?
If you’re planning to buy a home, a home appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. It’s also a different step in the process from a home inspection, which assesses the condition of the home before you finalize the transaction. Here’s the breakdown of each one and why they’re both important when buying a home.
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