When is the best time to let go of that over sized home? Deciding when to let go of an oversized home depends on various factors that are unique to each individual or family. Here are some common scenarios when it might be the best time to consider downsizing: Empty Nesters: If your children have…
Here’s a guide to some of the mortgage programs available in 2023: Conventional Loans: Conventional loans are not insured or guaranteed by the government. They typically require a higher credit score and a down payment of at least 3%. Conventional loans have different terms and interest rates available, including fixed-rate and adjustable-rate mortgages. FHA Loans:…
The difference between the Fixed Rate Home Loan and the ARM Rate Home Loan. An ARM (Adjustable Rate Mortgage) and a fixed-rate mortgage are two different types of mortgage loans with distinct characteristics. The main difference between them lies in how the interest rate is determined and whether it remains constant or adjusts over time….
What are the benefits of a 15 year mortgage? BRIAN BIRK | 3-MINUTE READ 6/17/2023 A 15-year mortgage comes with several benefits, which make it an attractive option for many homeowners. Here are some of the advantages: Lower interest rates: Typically, 15-year mortgages have lower interest rates compared to longer-term mortgages like 30-year loans. This…
The Benefits of Buying a Home VS Building a Home? BRIAN BIRK | 5-MINUTE READ 6/9/2023 When considering whether to buy a home or build one, there are several factors to consider, and the decision ultimately depends on your personal preferences, circumstances, and financial situation. Here are some potential benefits of buying a home versus…
Best Places to Live for First Home Buyers in 2023 BRIAN BIRK | 5-MINUTE READ 6/7/2023 The AI home loan team has put together our top 10 places to live for first time home buyers. All great places to live with our top pick being Green Bay, Wisconsin. We hope you enjoy our list and…
When is the Best Time to Downsize a Home BRIAN BIRK | 4-MINUTE READ 6/5/2023 The best time to downsize a home can vary depending on individual circumstances and goals. Here are a few factors to consider when determining the right time to downsize: Financial Considerations: Assess your current financial situation and goals. Downsizing can…
BRIAN BIRK | 3-MINUTE READ 6/1/2023 You should seek pre-approval for a mortgage when you’re ready to start seriously looking at homes and considering making an offer. Here are some specific situations when it’s a good idea to get pre-approved: When you have a clear idea of your budget. Before you start house hunting, it’s…
The Meaning of Home Ownership: BRIAN BIRK | 5-MINUTE READ 6/1/2023 Homeownership refers to the status of a person who owns their place of residence. This generally implies that they either have paid for the property in full or are currently paying off a mortgage. Owning a home comes with several responsibilities and privileges: Equity:…
Since home prices are dropping is it a good time to buy? BRIAN BIRK | 4-MINUTE READ 5/30/2023 Since home prices are dropping, it can be a good opportunity to buy because you could get more home for your money. In a declining market, sellers may also be more motivated to negotiate on price and…