mortgage: Should I... - 07/22/19 06:51 AM
...Refinance my home?
My youngest son recently purchased a home in a neighboring State. He and Sarah are both very excited with the purchase and the home as they thought it may have taken quite a while before they could purchase. BUT, as life has a habit of doing, circumstances changed suddenly and they were now able to purchase. They paid a bit higher interest rate and have been working to raise their credit scores so it's over 700. They heard on the news that rates may be going down and they asked, "Dad should we refinance now?" "That's a good question", … (8 comments)

mortgage: What To Avoid Doing... - 07/20/19 08:19 AM
... when buying a home.
1. Doing It On Your Own
2. Avoiding Budget Talks Before Shopping
3. Not Looking Beyond the House
4. Opening a Line of Credit Before the Sale is Final
5. Being Emotional Rather Than Visionary
We've all been first-time buyers and as Real Estate Professionals we work with many first-time buyers. I found this helpful article, by Alejandro Herrera, on the Realty Times website and thought I'd share.
There is one area I don't agree with, though. I've not met one Real Estate Professional that suggests the staging of their clients home to distract a buyer from a negative.
5 Common Mistakes … (12 comments)

mortgage: Are you Qualified? - 06/27/19 07:21 AM
The most important first step any buyer should take is to find a lender and get pre-qualified or pre-approved for a mortgage. It will let you know what you can afford for a mortgage AND most buyers will not seriously consider an offer if there is no pre-qualification or pre-approval. 
Stop Wondering What Your Budget Is & Get Pre-Approved! In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about … (6 comments)

mortgage: Do I Really Need A Realtor? - 05/11/19 08:17 AM
So, you've decided to place your home on the open market and you're toying with the idea of selling it For Sale By Owner (FSBO). You figure the market is hot so why not and you'll save having to pay a Real Estate Commission. How hard could it be? After all, what does an agent do other than list the property, show it and fill out a bunch of forms. Here's a good article from the folks at KCM that discusses this subject
Selling Your House: Here’s Why You Need A Pro In Your Corner! With home prices on the rise and buyer demand still … (8 comments)

mortgage: Only 4??? - 03/11/19 09:51 AM
Good Morning, Afternoon, or Evening... That should cover I came across this article from the folks at KCM and decided to look at it because I could probably cite 40 reasons for buying a home this Spring. The 4 they mention are prime reasons to buy and those 4 ways can be inclusive of many more. When Pam & I were buyers we had been looking for some time AND interest rates were rising every week. We were hot to trot, had looked at many properties, got beat out of 3. We knew owning was way better than renting, for us. … (4 comments)

Everyone wants to know how to save money on their mortgage. A real eyeopener is when you're at the closing table reviewing & signing the mortgage documents and you first see JUST HOW MUCH you'll REALLY be paying for your home once the interest is paid!!
Pam & I paid our 30-year mortgage off in 23-years using some of these techniques that the folks at KCM have put together. I've always lived by the motto "It's what stays in Hip National Bank (your pocket) that counts". 
  One of the most common loans you can get to buy a home is a 30-year fixed … (6 comments)

mortgage: Veterans and the VA Loan... - 11/09/18 02:13 PM
Last year I went to a workshop hosted by the American Warrior Real Estate Professional organization. It was an emotionally moving experience for me. This is an organization dedicated to veterans. After the workshop ended I received the AWREP designation. The first thing I did was contact 2 or 3 veterans in the mortgage business and specializing in loans to veterans. Many veterans do not seek VA loans BUT this infographic shows an increase in those seeking VA loans. 
VA Home Loans By The Numbers   
Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million … (7 comments)

mortgage: NOT Fake News... - 08/07/18 08:19 AM
There are so many misperceptions about the purchase of real estate that actually prevent people from realizing their dream of homeownership. The Infographic below shows the actual history of the last 4 - 5 years regarding some mistaken beliefs of purchasing a home.
Home Buying Myths Slayed   
Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! … (8 comments)

mortgage: Are You Confused About The... - 07/24/18 08:09 AM
Mortgage Process   
Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.  

mortgage: Wondering If I Can I Buy My First Home? - 06/29/18 05:36 AM
These days, many potential first time buyers wonder whether or not they are able to purchase a home. Home prices are escalating and wages are not keeping up. Inventory levels limit the choices buyers have. You have to have a "Plan". Determine how much you can afford. A good "Mortgage Broker/Banker" is invaluable. Many States have "1st-time Buyer Education Programs". Get your finances in order by eliminating/lessening debt. 
The good news is, there are homes available for you to purchase. Have realistic expectations. There is a term to consider when buying your first home. That term is "Starter Home" where you buy a smaller home, … (10 comments)

mortgage: Helping Veterans Finance... - 06/18/18 06:40 AM
 Last week a lawyer friend of mine contacted me and alerted me to the following press release from the MassHousing organization regarding a closing cost credit for all Veterans, including National Guard, Reserve members, and Gold Star Families.
MassHousing (The Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. MassHousing is not a direct originator of mortgages and instead makes home loans through 170 partner banks, mortgage lenders and credit unions across the Commonwealth. MassHousing then purchases the loans and services them from its Boston office.
BOSTON – June 5, 2018 … (12 comments)

mortgage: You Never Know... - 01/21/18 05:28 AM
...Where Your Next Lead Will Come From! Last Friday, after my closing, I stopped by the Daybreak Cafe in Topsfield, MA for breakfast and to talk with the guys from American Legion Post 255. The Daybreak Cafe is a nice local, Mom & Pop, breakfast and lunch eatery. 
While we were eating and catching up on Legion and veteran issues the Commander of their post handed me his cell phone and said: "Here, talk to this guy, he wants to buy a house".
We spoke and made arrangements to meet and discuss his needs in detail. I now have a new client. I've … (6 comments)

mortgage: 3 TIPS FOR MAKING... - 12/18/17 07:00 AM
 ...Your Dream Home A Reality A few years ago Pam & I took Dave Ramsey's "Financial Peace University" course. I found that many of the principles being taught were principles we were already engaged in. These 3 tips that KCM is sharing fit right into the Financial Peace philosophy.
When it comes to homeownership people need to be more diligent in the handling of their finances. Being disciplined about saving and spending is a  necessity. I believe when people follow these 3 tips, diligently, their dreams of homeownership will become a reality, as will financial peace. 

Some Highlights: shared their “5 Habits to Start Now … (10 comments)

mortgage: 12 Days of Thanksgiving #5 - 11/17/17 06:34 AM
Today is day 5 of the "12 Days of Thanks Giving 2017- ActiveRain Challenge"  
offered by Debbie Reynolds. 
I went to an event titled the American Warrior Real Estate Professional Boot Camp, sponsored by our local Fairway Independent Mortgage Corporation. The course is designed to better equip real estate professionals with the knowledge and understanding to be able to provide military personnel, veterans and their families a positive experience.
Not only was this an informative session it was also very moving as we heard stories of veterans experiences and needs when it comes to housing.
Jason Parnel, Army Veteran & Louise Thaxton, Fairway Branch Manager are co-founders of … (8 comments)

mortgage: Home Loans for Veterans - 11/12/17 06:06 AM
Since yesterday was Veterans Day this information from the KCM people is a timely one. There are guidelines for a VA loan so it's important for the veteran to find an experienced mortgage broker familiar with VA loans. These loans do not require a downpayment and they are assumable. For some reasons many veterans do not utilize these loans but should.
Veterans Affairs Loans By The Numbers   
Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. So far in 2017, $188 billion has been loaned to veterans and their … (4 comments)

mortgage: Confused About The Mortgage Process?... - 10/07/17 06:51 AM
I found this graphic from KCM to be an informative and an easy way to get the process into the hands of my clients, especially 1st-time buyers. I send via email and include it in their buyer packet.
The Mortgage Process: What You Need To Know [INFOGRAPHIC]
Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford. … (8 comments)

mortgage: Are You Surprised??? - 09/26/17 08:40 AM
More Than Half Of All Buyers Are Surprised By Closing Costs According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.
After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than expected.
“Homebuyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees.” gathered closing cost data from lenders in every state and Washington, D.C. in order to … (4 comments)

mortgage: Qualifying for a Mortgage... - 05/12/17 01:18 PM
Unless you're ladened with cash most folks purchasing Real Estate will do so by obtaining a mortgage. There are things that everyone needs to know about the mortgage process and preparing yourself to obtain a mortgage. 
These days people need to submit a preapproval/prequalification letter along with the Contract to Purchase (Offer in Massachusetts) BUT there are many more things to attend to. The folks at KCm have produced a fantastic infographic to aid people in this mortgage process.
What You Need to Know About Qualifying for a Mortgage by The KCM Crew on May 12, 2017 i

Some Highlights: Many buyers are purchasing a home with a … (12 comments)

mortgage: PMI...What is It? - 05/10/17 08:46 AM
Private Mortgage Insurance (PMI) is required if the buyer has less than a 20% downpayment. It protects the BANK from losing money when a homeowner stops paying the monthly mortgage payments and goes into foreclosure.
Depending on the whims of Congress, PMI payments are sometimes deductible. Check with your tax professional. 
Note: If you are a veteran and securing a VA mortgage there is no PMI
Get All the Facts about PMIby The KCM Crew on May 2, 2017 
When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With … (7 comments)

mortgage: Are You Ready for the Spring Market? - 03/18/16 11:47 PM
Spring begins this coming week. Many folks have begun their Spring Market home search, BUT, are you ready?
Have you put all your mortgage ducks in a row? 
If not, then march yourself down to a mortgage provider and get properly prepared to be a savvy buyer by having all your mortgage information settled.
Here's an Infographic provided by the KCM people. Happy home hunting. Rates are low & so is inventory. Being mortgage prepared is a must.

Doug Dawes, Your Personal Realtor® (Keller Williams Realty - Topsfield, MA) Rainmaker large

Doug Dawes

Your Personal Realtor®

Georgetown, MA

More about me…

Keller Williams Realty - Topsfield, MA

Address: 11 South Main Street, Topsfield, MA, 01983

Mobile: 978-270-3037

Office: 978-887-3995

Email Me

There is more to life than Real Estate. My intention is to provide not only Real Estate information but items that we all face and experience in our daily journey through life.




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