Stephen Katz Mortgage Blog

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Mortgage and Lending - Katz Mortgage Team, a branch of VanDyk Mortgage Corporation
Today we are going to discuss whether it is better to pay the closing costs in cash upfront or to take out a higher home loan. The difference could cost you thousands. It’s very common for sellers to be asked to pay closing costs by the buyers, so keep this in mind. Let’s say you want to buy a ho...
Whether you're buying or selling a home, you're going to have to go through the negotiation process. Today I will be outlining the four major stages of negotiations. Ideally this will prepare you for anything that may come your way.  1. Getting the offer accepted: You have agreed on price, terms,...
Today we are excited to talk to you all about appraisals. We’ll go over what they are, how they work, and how they affect the purchase of your home.  Every time you write a contract, there will be a clause in there saying that a home has to appraise in order for the sale to go through. These aren...
Today, we’ll talk about the difference between getting pre-qualified and pre-approved for a mortgage. There’s a clear difference.For pre-qualification, a buyer contacts a lender with financial information and the lender bases their decision off these numbers. This model relies heavily on informat...
Today I’ll tell you the four biggest tips to get started with your home search.1. Determine your budget: Before you even start looking, you need to know how much you can comfortably afford. Don't waste your time looking at homes that you can't buy - that's a terrible way to disappoint yourself in...
Today, I'll talk about what you need to know regarding rising interest rates.   While a one percent raise might not seem like much, it can significantly affect both buyers and sellers. For example, let's say you're looking to buy a $200,000 home while rates are at 5%. If rates go up to 6%, you co...
Working with builders can be a real challenge. There are some things you should know about this process to make it go as smooth as possible. Today, we’ll offer advice when working with contractors.Research the builder. Find out what kind of buildings they work on. Familiarize yourself with their ...
Today I'd like to go over some things that you should consider if you're about to list your home for sale, especially if you're trying to find the most accurate price possible.                                                           You have to think of your home as a product when you sell it, ...
Today, we're going to talk about property taxes. The good news is property values are up. The challenge is that when property values go up, so do your property taxes.  If you have a homesteaded property, you definitely have good news. Thanks to Save the Home protection, many people saw almost no ...
For those of you who wanted to know, “What does the process look like for a first-time home buyer?” I have your answers for you!If you are looking to buy a home, you are at the point where you feel financially stable and want to invest in your future instead of throwing away your money by renting...

Stephen Katz

Branch Manager, CMPS
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