san antonio refinance: Tips For Maximizing Your Home’s Appraised Value
- 11/08/11 02:49 PM
A home appraisal is an independent opinion of your home’s value, performed by a licensed home appraiser. Appraisals are part of the traditional home purchase process, and lenders require them for most San Antonio refinances, too. Appraisers are trained professionals. First, they derive a base for your home’s value based on the recent sales prices of homes that are comparable to yours in terms of bedrooms, bathrooms, style, and square footage. Then, accounting for features and amenities that make your home different, the appraiser applies “adjustments” to that base value. This methodology is called the “Sales Comparison” approach and the result is … (5 comments)
san antonio refinance: Should I Refinance My San Antonio Home?
- 10/12/11 06:06 AM
With mortgage rates at all-time lows, you may be asking “Is now a good time to refinance?”. This short interview from NBC’s The Today Show offers good insight. Refinancing a San Antonio Mortgage is about more than just “low rates”. For example, there are costs associated with giving a new mortgage and even with the average, 30-year fixed rate mortgage near 4 percent, the costs of a such a move can outweigh the benefits — both in the short- and long-term. The video originally ran in September when mortgage rates averaged 4.09%. Rates are different today, but the offered advice remains … (0 comments)
san antonio refinance: San Antonio Jumbo Home Mortgage Loans
- 08/25/11 06:14 AM
San Antonio Jumbo mortgages are used to purchase high-priced homes that require larger than normal loans. While they're convenient, they also charge slightly higher interest rates. Since the dollar amount that defines a jumbo mortgage is redefined each year, it's subject to change. Bigger isn't always better, especially when it comes to San Antonio home mortgages. The term "jumbo" mortgage applies to loans for exceptionally high dollar amounts. Each year, Fannie Mae (FNMA) and Freddie Mac (FHLMC), the government-affiliated agencies that market mortgages within the U.S., define the point at which a traditional mortgage ends, and a … (0 comments)
san antonio refinance: Perfect Storm To Refinance Your San Antonio Mortgage
- 08/11/11 04:49 AM
More Americans are getting back to work. The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors. In addition, May and June's originally-reported figures were both revised higher: May 2011 was revised higher by 28,000 jobs June 2011 was revised higher by 28,000 jobs The national Unemployment Rate slipped to 9.1 percent. The jobs report's strong readings would typically be a boon to stock market and a threat to mortgage rates. This is because more employed Americans means more disposable income spent on … (0 comments)
A home appraisal is an independent opinion of your home’s value, performed by a licensed home appraiser. Appraisals are part of the traditional home purchase process, and lenders require them for most San Antonio refinances, too.;)
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