When looking to pre-qualify for a home loan, mortgage lenders will compare a potential buyer's income to debt ratio. This is the percentage of money used to cover all expenses for the month vs the total monthly income. Interested in qualifying for a home loan to buy in Destin, Florida but not sure what steps […]
The Real Estate market is hot for sellers right now. Potential homebuyers in Destin, and all along the Emerald Coast, are seeing houses come available and go under contract just a few weeks. The King Team has nearly 60 years of combined Real Estate experience to guide homebuyers in presenting the most competitive offer and […]
PMI, or private mortgage insurance, protects the lender in case a homeowner is unable to pay their mortgage. The price varies from $30-$70 a month for every $100,000 borrowed toward the home. Putting a down payment of 20% on a home will alleviate the need to have PMI. In the event that the homebuyer puts […]
Tax Day is officially one week from today! You may already have this season's tax work behind you, but here's a tip for the potential homebuyers of 2021. Mortgage Interest Deductions are used as incentives to encourage people to make the biggest real estate purchase of their lives. With this deduction, taxpayers are able to […]
Loan Term: Fifteen vs. 30 year mortgage loan. Having a 30 year loan means lower monthly payments but the total amount paid in interest is less for a 15 year loan. Interest Rate Options: Fixed vs. Adjustable, with an adjustable rate mortgage (ARM), the interest rate is lower for the first several years. After that […]
January is a great time to gather past expenses and plan a budget for the year. Most people are already collecting documents for taxes, so add a little detail to this task by creating a list of monthly expenses. Put spending patterns on paper to reveal areas that can be tightened up, like grocery store […]
Did you take on renovation projects while working from home in 2020? The dramatic shift many workers experienced during COVID-19 meant more time for that honey-do list to be completed. And since travel to and from work was eliminated, there were more funds to make it happen. Does your home reno qualify? Do you know […]
Most people don't know it takes more time and effort to rebuild damaged credit than it does to build credit from scratch. People are often met with credit hurtles to jump over when they decide to begin the home buying process. Here is a tip to prevent credit issues from the start. Keep credit card […]
How can a scammer actually steal a house? The FBI calls it the "newest scheme on the block". Scammers, identity theft, and falsified documents lead to an unsuspecting homeowner losing the deed to their own home. This has happened in large cities across the country for decades. There are companies which advertise protection from such […]
Real estate agents represent buyers and sellers. Typically, the seller pays commission for both agents. This is great news for potential homebuyers. The King Team welcomes every opportunity to meet potential clients, answer questions with reliable, professional knowledge, and show property on the Emerald Coast. Best part, it doesn’t cost a dime to be curious. […]