Author Archives for Mark Scheets

Understanding an ARM Loan

August 12, 2014 10:32 am Published by Leave your thoughts

During the home buying process, many mortgage related terms are tossed around.  One of these terms that is often talked about is an “ARM”.  An ARM, for those who don’t know what it stands for, means Adjustable Rate Mortgage.   Arms are one of many different mortgage loan options available to borrowers, and are a great... View Article

How to Use Social Media to Sell a House

August 8, 2014 9:38 am Published by Leave your thoughts

Whether you’re selling a home yourself or working with a realtor, this often requires more than a sign in your yard and a posting on the MLS. Not to say that you can’t sell your home using these methods — but it might take a while to find a buyer. Therefore, if you need a quick sale,... View Article

What is PMI? Do I I have to pay it?

August 5, 2014 11:47 am Published by Leave your thoughts

Many homebuyers are confused by private mortgage insurance, better known as PMI. That’s understandable; PMI is a pretty arcane addition to your mortgage loan. But here’s what you need to know: PMI doesn’t protect you. It protects your mortgage lender. And if your down payment isn’t large enough, the odds are high that you’ll have to pay for... View Article

How to Read your Credit Reports

August 4, 2014 9:10 am Published by Leave your thoughts

You hear the advice constantly: Before you apply for a mortgage loan you need to read your credit report. It’s good advice. Your credit report will alert you to any potential financial trouble spots. If you forgot to make a car payment two years ago, your credit report will list it. If you have an open credit-card... View Article

Rates Remain Steady to Close Out the Month

July 31, 2014 3:32 pm Published by Leave your thoughts

Freddie Mac released its weekly Primary Mortgage Market Survey (PMMS) indicating that fixed mortgage rates are lower this week compared to last, but slightly.  For the week ending July 31, 2014, 30-year-fixed mortgage rates dropped .01%, averaging 4.12%, which is down .26% compared to this time last year. For the past 2 months or so,... View Article

We’re a same sex couple that isn’t allowed to marry in our state, what can we do to buy a home together?

July 31, 2014 1:52 pm Published by Leave your thoughts

This is a very interesting question, and there is some good news for you: You and your partner would be far from the only buyers in the United States to purchase a home together even though they’re not married. That’s because couples can qualify for mortgage loans even if they’re not married. In fact, couples don’t even... View Article

Hayward, California Mortgage Rates and Real Estate Overview

July 30, 2014 2:05 pm Published by Leave your thoughts

The downtown district of Hayward, Calif., once called the “Golden Strip,” recently got a face lift thanks to a business deal between the city and local store owners. Hence, the city’s new sidewalks, streetlights, business facades and landscaping. This renovation is symbolic of a larger downtown renaissance in which the city has seen the opening of new galleries,... View Article