Author: Mike Nichols

4 Things You Shouldn’t Do in A Seller’s Market

4 Things You Shouldn’t Do in A Seller’s Market

Purchasing a home can be an exhausting process as it can take a while to find the right fit. When you find the house you want, making a bid quickly can be the difference between buying it and missing out, especially in a seller’s market. 

The Importance of Home Equity

The Importance of Home Equity

If you’ve owned a home for several years and made responsible financial decisions, you may have built a significant amount of equity. Home equity is the difference between the current market value of your house and the amount you still owe on the mortgage. If 

Should a Long Commute Be a Deal Breaker?

Should a Long Commute Be a Deal Breaker?

If you’re shopping for a home, you probably have a long list of things that are important to you, such as the size and layout of the house, the neighborhood, quality schools and affordable taxes. If you find a house that has everything you want, 

Safety Tips for New Homeowners

Safety Tips for New Homeowners

One of the most important things people want in their new home is the feeling that they and their family (not to mention their belongings) are safe and secure. To achieve that, there are steps you can take during the buying process, from the first 

Is an Adjustable-Rate Mortgage a Good Idea?

Is an Adjustable-Rate Mortgage a Good Idea?

If you’re shopping for a mortgage, you need to decide whether to choose one with a fixed or adjustable interest rate. An adjustable-rate mortgage, or ARM, might be a good idea if you’re only planning to stay in your home for a short period of 

Why You Should Never Buy a House Without Having It Inspected

Why You Should Never Buy a House Without Having It Inspected

A house is a major financial investment and a place where you will likely live for several years. If you are shopping for a new home, you need to do your homework and choose carefully. You should gather as much information as possible so you 

Is Buying a House in Foreclosure a Good Idea?

Is Buying a House in Foreclosure a Good Idea?

When shopping for a new home, everybody wants to get a good deal. Many buyers consider properties in foreclosure because they are often available at below-market rates. While you may be able to find the home of your dreams for less money than you thought, 

How Much Can You Afford in Monthly Mortgage Payments?

How Much Can You Afford in Monthly Mortgage Payments?

Homeownership is a dream for many people, but some take on more debt than they should. If you’re thinking about buying a house, consider your income and current and potential expenses. How Mortgage Lenders Decide How Much Applicants Can Afford Lenders look at the total gross 

Differences Between Jumbo and Conforming Loans

Differences Between Jumbo and Conforming Loans

If you’re thinking about purchasing an expensive home, it’s important to understand how jumbo and conforming loans differ, and the pros and cons of each. Choosing carefully could help you save a lot of money over the term of your mortgage. Key DifferencesA conforming loan 

How to Protect Your Valuables During a Sale

How to Protect Your Valuables During a Sale

With your house on the market, naturally this means that numerous strangers will be walking through the rooms of your house, opening closets, looking in cabinets and seeing all the home has to offer. And while an agent is present for a showing or open