Just a little about me as the Director of Membership for Women's Council of Realtors
2/6/2018Just a quick video with some speed questions letting you know a little bit about me.
https://www.facebook.com/WCRFlint/videos/1092212644279655/
Just a quick video with some speed questions letting you know a little bit about me.
https://www.facebook.com/WCRFlint/videos/1092212644279655/
This is the year you become a homeowner! To make the most of this most important step in your life, make these three New Year’s home buying resolutions now.
Today's kitchens are filled with all kinds of gastronomical gadgets, but if you want to show your kitchen to its fullest advantage, here are five ways to keep clutter down:
Once your kitchen is better organized, you’ll find it easier to prepare for showings and buyers will have an easier time seeing the kitchen’s best features.
The low mortgage interest rates that you find online or in the newspaper aren’t necessarily what you’ll pay when you apply for a loan. Why? Because banks will charge you “discount” points to get the best rate, which adds to the cost of the loan.
Points, or discount points, are expressed as a percentage of the loan amount. The point "discounts" the interest rate, that's why it's referred to as a discount point. If your mortgage is $300,000, then one "point" is $3,000. For each point you pay, your interest rate should be reduced by about ¼ percent.
On a 30-year mortgage loan at $300,000 and 5.00%, the monthly payment works to $1,610 without any points.Paying one point ($3,000) would reduce the rate to 4.75%, making your discounted payment $1,564 per month.
That's a reduction of $46.00 per month. Now weigh the cost of $3,000. To get that, divide $46 into $3000. The result is 65. It will take you 65 payments to break even, nearly 5 ½ years. It’s worth it if you’re planning to stay in your home for 5 to 10 years or longer. If not, you’re far better off using the $3,000 to pay down your loan principal or buying furniture for your home.
There’s another way to get the best mortgage interest rate – that’s to have the best credit scores possible. Those with near or perfect credit are considered low risk by banks. As always, consult your financial advisor for more information about home loans.
Wondering how to choose a countertop for your kitchen? With so much to pick from, it can be challenging - especially with changing trends and so many options that are at similar price points. This pro and con list should help.
Always a popular gathering space, the kitchen island plays a vital role for many households. From stools to countertops to lighting above, the possible combinations are endless. Here’s a collection of some of our favorite kitchen islands with plenty of decorating inspiration.
The charts below show how the market is doing in Fenton, Grand Blanc, and Holly. If you are interested in knowing about another area, contact me at 810.513.1561 or melch@stevenmelchorgroup.com