Some folks prefer 15 year loans because of lower interest rate and shorter time period. While it is true that the rate will be lower on a 15 year, the term does not bother me because you can pay off a 30 year loan early if you would like.

Folks like the compare how much you would pay on a 15 year mortgage compared to a 30 year note, however I prefer to compare monthly payment and what you are mandated to pay every month.

30 year mortgages are not that easy to obtain, especially when dealing with investment properties. If you can obtain a 30 year mortgage, you need to jump on that option as you always have the ability to pay the note early however you also have the flexibility to put more money away and use those funds for other purposes.

Another big factor is considering whether you can qualify to purchase more properties as banks will look at your debt to income ratio. A 15 year note has a higher payment and will therefore increase your monthly debt payments, the higher your loan payment the less cash flow you will have and the harder it will be to qualify for loans.

So, if you can get a 30 year mortgage on an investment property, please don’t think twice as your cash on cash return will be higher and it will give you the flexibility that is so very important.

The post What is better for investors – a 15-year or 30 year mortgage? appeared first on Real Estate Sales LLC - TRUSTED COMPANY - Las Vegas, NV, United States.

The truth is cost of homes have been on the rise for 6 plus years, yet it has been affordable for folks because mortgage rates have been kept low.

Mortgage rates are expected to rise in the near future and now seems like a definite outcome with our unexpected election results. Higher mortgage rates does not mean that it will be a bad time to buy homes, in fact it may be a good time to make a purchase.

The expectation is for mortgage rates to rise, with this increase however we’ll see home prices to decline a bit or at the very least be stagnant. As rates rise, there will be more deals for investors as some folks may not be able to afford their monthly payments if they did not have a fixed mortgage rate.

Impact of mortgage rates on the real estate market:

As rates rise, folks will be able to buy houses below market value much more often than at the current time. Home prices are actually up 40% since the housing market reached its floor in 2011, this is great for homeowners but not so great for home buyers.

Folks buying homes in 2017 will see higher mortgage rates, however there will not be as much competition for homes and folks will not have to worry about getting into a bidding war with another home buyer. Prices for homes will not continue to increase as they have over the past 6 years, in fact there should actually be plenty of bargains out there and with mortgage rates increasing banks will offer more loans and home buyers will get more house for their money as home prices will not continue their upward incline.

With mortgage rates increasing, folks can expect to find more deals out there and if you have cash to pay for homes, you will be in tremendous shape as there will be many deals available, but folks that need mortgage should be just fine as well.

Feel free to visit our real estate blog more often to get more real estate tips.

The post Mortgage Rates are Rising but that Doesn’t Mean it is a Bad Time to Buy Homes appeared first on Real Estate Sales LLC - TRUSTED COMPANY - Las Vegas, NV, United States.

We all know how important it is to declutter, but there is much more to it than that! :

• Fake height with low furniture. Want your ceilings to look taller and your room larger? Start with some low furniture, which creates strong verticals and avoids the horizontal.
• Give window trims a splash of color. Window trim is an often-overlooked opportunity to make a statement. However, be sure that this is a pretty neutral color that any audience can enjoy.
• Warm your room up with mirror. Mirrors help make homes feel more “homey”. They can be very elegant and warming.
• Amplify your neutral with texture. Matte sheens can help absorb light, which you may want to use in the bedrooms. There are also lustrous sheens that do the opposite and reflect the light, which would be great for a sunporch!
• Look to your ceiling to brighten things up! Kitchens with floor-to-ceiling cabinets can look dark, but there a trick to fool the eye! You can paint your ceiling a slightly paler
  version of the walls, so that the kitchen will seem brighter. This is the case even if the kitchen has only a couple windows.
• Pile on the pillows for extra luxe. You can use pairs together to make a piece of furniture really stand out!

These are just a couple of home interior tips that the pros swear by! Now be unique and dress up your home for an open house!

The post Window of Opportunity (Discuss unique ways to dress up a home interior for an open house) appeared first on Real Estate Sales LLC - TRUSTED COMPANY - Las Vegas, NV, United States.

Read these top 10 tips for buying the home of your dreams:

That way you ensure that buying your dream home doesn’t turn into a nightmare.

Be sure that you are ready to settle down in the location in which your dream home is located. As a rule of thumb, we should not purchase a home unless we are planning to stay in it for at least two years.

Think about it, it will take at least 2 years to make back the money that was spent on closing costs and the tax benefits of selling a home don’t kick in unless you have lived in the home for at least 2 of the 5 years prior to the sale. Therefore, it is very important that you are planning to stay in your home for at least 2 years.

Make a list of your wants and needs. Since this is the home of your dreams, you want to make sure you know exactly what you’re looking for. You should include “must haves” and things that would be ideal, but aren’t necessarily a need. This list will help give a clearer idea of what you’re looking for.

Determine your maximum budget. You need to know exactly how much you can spend before you even start looking at homes. Otherwise, you are going to set yourself up for a huge disappointment. You don’t want to fall in love with a home and then figure out that it’s way out of your price range.

Get pre-approved from your bank if possible so that you will know exactly what your max price is when you start thinking buying the home of your dreams.

Look at multiple houses. Don’t fall in love with the first house you see. After all, you do want your dream home to fit you perfectly right? So, looking at multiple properties will help you find the one that is truly perfect for you.

Try not to focus too much on the aesthetics. Minor details such as bad paint color, bad carpeting, etc. should not deter you from buying a house. These are all things that can be changed and you should think of this as a win because you may get a great bargain on a home that just needs minor updating!

Look at the whole picture because the house isn’t the only thing that matters. Location is a huge determinative of the property values of the home. Being within a good school district and safe neighborhood can be the key to your home holding its value.

Feel free to visit our real estate blog more often to get more real estate tips.

The post The Keys to Buying the Home of Your Dreams appeared first on Real Estate Sales LLC - TRUSTED COMPANY - Las Vegas, NV, United States.