Homestar Oconee

Getting ready to close on a refinance? Check out these basics to know before closing: - Your payoff amount is always higher than your remaining principal balance. Your payoff amount is the balance plus prorated interest from the last payment received until the loan is paid off. - The funding date is typically different from the closing date. The government mandates a three-day rescission period for refinances of primary residences. - Can you skip a payment? While you do get... a break on paying principal for the closing month, you are still paying a full month’s interest. - Don’t rely on existing escrow funds for closing. If you have an escrow account for taxes and/or insurance, funds will be held in that account until the current loan is paid off. For more detailed information about refinancing, please do not hesitate to reach out. I am here to help you with your refinance and answer any questions. #refinancing #refinanceyourhome #chooseHOMESTAR #homeownership

Include the cost of utilities and home maintenance in your monthly housing budget. #homebudget #homeownershiptips #homeownership

Equity = The value of your home above the total mortgage amount you owe for your home. Your equity can fluctuate over time, based not only on your outstanding loan balance but home price values in your local market area. #mortgageterms #chooseHOMESTAR #homeownership

As you’re thinking about purchasing a home, you will need to consider the important role your credit score will play in your ability to secure a mortgage loan. If you have little to no credit currently, the tips in our blog post can help you get started and on your way down the path to homeownership. http://bit.ly/TipsForEstablishingCredit... #establishcredit #credittips #chooseHOMESTAR #HOMESTARblog

Here is a checklist of everything you need for closing day. Items generally needed are: - Photo ID - Outstanding documents or paperwork - Certified or cashier's check for closing costs... #homeownership #closing #closingprocess

HOMESTAR is still offering government loans (FHA, USDA, and VA)! Contact us for more information. #chooseHOMESTAR #mortgageloans

Fur babies hold a special place in our hearts as they are important members of the family. We can help you find a home where you and your fur baby or fur babies can be comfortable and happy! #petsareimportant #furbabies #homebuying #homeownership

Closing costs typically amount to 2-5 percent of the loan principal. This can vary from state to state. The costs will usually include an appraisal, credit report fee, origination fee, application fee, and more. Your lender and real estate agent will discuss closing costs with you at the proper time. #homeownership #closing

Tip to be a successful landlord: Look into property management, if you feel it is needed. If you would prefer to have as little interaction with the tenants as possible or you are too busy to check in often, look into hiring a property manager. Hiring a property manager is an additional expense but they can save you extra effort and time as they can market your rental property, select and manage tenants, schedule inspections, collect rent, handle all accounting and bookkeeping, and more. #becomealandlord #rentalproperty #landlordtips #chooseHOMESTAR

As a homebuyer, you want to connect with a real estate agent that works on your behalf. It's not always in your best interest to automatically go with the real estate agent at an open house or listed with the home's information that you are interested in, as they are likely representing the seller. You want to ensure you have strong negotiating power and a higher chance of having your offer accepted by working with a real estate agent that understands your wants and needs, budget, and more. #realtor #homebuying #homeownership #chooseHOMESTAR

New homeowner task: Get the home ready. Prep the home by changing the locks, deep cleaning, replacing items, decorating, hiring pest control, and landscaping. #homeownership #newhomeowner #afterclosing #mortgage

Home means so much to us. Home is filled with many feelings, comforts, and memories it's the place where everything begins. We can help you find a place to call home forever. #homeofyourdreams #homeiseverything #homeownership

Debt = Money owed by one person or institution to another person or institution. #mortgageterms #chooseHOMESTAR #homeownership #debt

It will be an exciting day when you close on your new home! Be prepared with important documentation and ready to sign a lot of paperwork! Both your real estate agent and lender will be able to answer any questions you have about closing day. #2020homebuyinggoal #homeownership #closing

A mortgage can feel like a lifelong contract, which is why it is important to reevaluate it regularly. There are a few signs you should look out for to know when it’s time to reevaluate your mortgage: http://bit.ly/ReevaluateMortgage #HOMESTARblog #reevaluateyourmortgage #homeownership