Preparing For A Showing

Here Are Some Helpful Tips To Ensure Buyers Love Your Home!

1. Open all draperies and window shades during the daylight hours.

2. Turn on all lights and replace bulbs with high wattage bulbs where needed.

3. Open windows a half hour before showing to circulate fresh air.

4. Place fresh flowers on the kitchen table and/or living room.

5. If possible, bake cookies or bread to add an inviting aroma.

6. The kitchen and bathroom should sparkle.

7. The house should be picked up and beds made.

8. Pets should be removed.

9. Eliminate pet odors, not everyone may share your love of animals and some people may be allergic.

10. All jewelry and valuables should be secured or removed.

11. Bathrooms should be cleaned, with towels folded and lids down.

12. When you leave the house, please leave it as if you know it is going to be shown, you never know when the right person is going to look at it!

What Is A 30 Year Fixed Rate Mortgage?

What is a 30-year fixed rate mortgage?

A conventional 30-year fixed rate mortgage features a steady interest rate throughout its lifetime. Spanning three decades, homeowners with this mortgage can look forward to consistent monthly payments for many years to come, which can provide peace of mind and help them budget their finances. A conforming 30-year fixed rate loan offers amounts up to $484,350 in most of the US and a maximum of $726,525 in high-cost areas. To decide if a 30-year fixed mortgage is right for you, ask yourself these four questions:

View Today's 30-Year Fixed Mortgage Rates

• How long are you planning to stay in your home? If you are considering a 30-year fixed rate mortgage, you should be planning to stay put for the long haul. We recommend a minimum of 5-10 years in your new home.

• Would you prefer consistent monthly mortgage payments? Like the sun rising in the east, the terms of a 30-year fixed rate mortgage never change. A consistent interest rate throughout the lifespan of your loan keeps your monthly mortgage payments the same for 360 months. Kiss those fluctuating mortgage payments goodbye!

• Would you prefer a low mortgage payment? Due to the long-term nature of this loan, a 30-year fixed rate mortgage makes your monthly mortgage payments more affordable than a fixed rate mortgage with a shorter time frame. You end up paying more interest over three decades, but the principal repayment is spread over that same period of time. Lower monthly mortgage bills mean you can afford more house!

• Are you purchasing or refinancing? Looking to buy a new home? This mortgage option is tailor-made for you. Looking to refinance your home at a lower rate? A 30-year loan may be too long. Consider a shorter term fixed mortgage or an adjustable rate mortgage based on your budget and refinancing goals.

Conventional 30-year fixed rate mortgage features include:

• 3-5% minimum down payment options for qualified homebuyers.

• Regular, qualified income required.

• No private mortgage insurance (PMI) with 20% or more down.

• Home Style renovation loans with options as little as 5% down .

• Seller assistance with up to 3% of closing costs.

• Loan options up to $5 million for non-conforming mortgages.

• 203k renovation loans with a minimum 620 FICO score.

30-Year Fixed Mortgage Payments

As with most amortized loans, the initial payments of your 30-year fixed rate mortgage are primarily devoted to paying off interest. As the years roll by, this will gradually shift and you’ll reach a point where your monthly payments cover more principal than interest.

What does this mean? As you embark on your 30-year fixed rate mortgage, your first couple years of mortgage payments won’t make much of a dent in your loan’s principal balance. Once you pay off most of the interest, the latter years of your mortgage will be devoted to your principal and you’ll see your mortgage balance decrease dramatically.