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home buying tagged posts

Mortgage Rates

Thanks to Mark Hines of Fidelity Bank for this episode of Tips from the Pros about mortgages.

As expected the Feds raised interest rates 25 bps to 5.25% on Wednesday, noting that job growth has been “strong” and inflation has been close to their 2.0% target.  In addition, a larger majority of members (12 up from 8 last meeting) now expect an additional 25 bps hike by year-end and three more hikes in 2019.

The Prime rate is for short term lending like revolving charge accounts and HELOC’s (Home Equity Line Of Credit). This also affects the construction loans that rely on the prime rate as their benchmark.

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Common Organizing Mistakes

common organizing mistakes can lead to clutterThanks to Cindy Bernstein of Aim4Order for this episode of Tips from the Pros about organizing mistakes.

Some people believe if their home is clean, it’s organized. That is not necessarily true. Clutter can be hidden in closets or under beds. People may have trouble finding things because they don’t have storage containers clearly labeled.

How do you make sure you don’t take these organizing missteps?

Kitchen counters

You don’t have to have your kitchen counters completely clear. If you use your toaster every morning, keep it on the counter. Putting it away and taking it out every day is a waste of time. However, if you only use it every now and then, it makes sense to keep it off the counter.

Entryway

A completely clear entryway can make it hard to find a place for your coat,...

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What Not to Store in the Garage

garage storageThanks to Tom Benisch of State Farm for this episode of Tips from the Pros about what to store in the garage.

It’s easy for a garage to turn into a catchall storage unit. For most items that’s fine, but some things simply don’t belong in a garage, and they can even become a home hazard without proper storage protection. This list of common red-flag items can help identify what doesn’t belong in the garage.

  • Extra fuel. Stashing portable gas cans and propane tanks in the garage can be dangerous: Highly flammable fuel poses a leaking risk. If you store any fuel in the garage, do so only in dedicated, leak-proof containers out of the reach of children and pets and away from potential sources of ignition such as water heaters or power tools...
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34 Elinor Ave.

  • 34 Elinor Ave. front view sidewalk and bushes

34 Elinor Ave.

Here it is, the one you’ll want to call home! This delightful single family colonial at 34 Elinor Ave., Baltimore County is perched on a large corner lot...

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Retirement Worksheet

retirement worksheetRetirement Worksheet

Do you want to know how much money you’ll need to retire? Use the linked worksheet to help you estimate. Although your life circumstances may change, the worksheet can give you an idea of how much savings and investments you need to retire comfortably.

If you’d like to speak to someone about financial planning, I can connect you with a professional in my network.

Topics covered on the worksheet

  • How much will you need to maintain your lifestyle?
  • How much of your income will come from non-savings sources?
  • How much income will need to come from your savings and investments each year?
  • How long will your savings and investments need to last?
  • So, how much will you need to save?
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201 Janet Ct.

  • 201 Janet Ct. front view

201 Janet Ct.

So much more space than one would imagine in this meticulously maintained Chartley home. It’s located at 201 Janet Ct...

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Smoke Detector Laws in Maryland

smoke detector laws in Maryland

Smoke detectors in Maryland homes

As you probably know, the law changed on January 1, 2018 about smoke detectors in Maryland.

You now must have a 10 year battery and the alarm needs to have a silence or hush feature. You have to have a smoke detector in every level of your home, including the basement. The smoke detector must be less than 10 years old.

If you don’t have the required smoke detectors in your home and you are selling the home, you are subject to a fine. Avoid the fine and update your smoke detectors to the required hardware.

Get the full details about home smoke detector legal standards by clicking here for a PDF infographic with all of the information you need.

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302 Breslin Rd.

  • 302 Breslin Rd. front door exterior

302 Breslin Rd.

Lovingly cared for single family Cape Cod at 302 Breslin Rd.  in Joppa, Harford Co., offers a one year young kitchen that includes rich cabinetry and maintenance free counters...

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Updated Mortgage Rates

Thanks to Mark Hines of Fidelity Bank for this episode of Tips from the Pros about mortgages.

It looks like last week everything leveled off a bit even in the wake of the possible collapse of Turkey’s economy. In US news, July Housing Starts +0.9%– Building Permits +1.5%.  Weekly jobless claims -2,000 to 212,000.  News is mortgage interest rate neutral.

As everyone knows by now FHLB is out of funds till January 2019.

There are other down payment assistance p[rograms that have funds to help 1st time buyers. Feel free to reach out to me if you have questions on any of these valuable programs. Construction loans are becoming popular with the lack of inventory. I do have a one-time close construction loan...

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Good Financial Habits

financial habits can help you saveIn this issue of my Monthly Item of Value, learn good financial habits that will help you throughout your lifetime.

By following this list of tips, you will be able to make the most of the money coming in and help your lower your debt and raise your savings and investments.

  • Be mindful of spending.
  • Create and stick to a budget.
  • Pay off one debt at a time.
  • Continue building your emergency savings.
  • Keep contributing to your retirement.
  • Create a budget.

For the full report click here.

Thinking of buying or selling your home? Contact Gigi today to set up an appointment.

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