Niki Pastell's Blog Posts

Inflation And The Housing Market What You Can Do As Prices Spike

Although inflation slowed some in August, the downshift isn’t giving the Federal Reserve pause when it comes to increasing interest rates. That means higher rates on many mortgage types, and for

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What Is Driving Mortgage Rates The Week Of Sept 26 2022

After moving up sharply for much of 2022, mortgage rates now are above 6 percent. Here’s a look at what could move markets this week.On Tuesday, the U.S. Census Bureau and the U.S.

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What To Do When Your Mortgage Application Gets Denied

Your mortgage application was denied. These words sound harsh, but they don’t always mean you can’t get a mortgage.If your lender rejects your request for a loan, all may not be lost.

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How To Remove FHA Mortgage Insurance

If you have an FHA loan, you might be wondering how to get rid of the mortgage insurance premium (MIP) you’re paying each month.Unlike conventional loans, FHA loans come with

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Rising Mortgage Rates Are Hitting Americans Wallets Heres How To Adjust Your Housing Budget

Homebuyers are feeling the squeeze of rising mortgage rates. On top of that, housing prices remain high. That may lead many to rethink their budget.“As mortgage rates go up, it raises the cost of

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Rentback Agreements Explained

You’re getting ready to sell your home, and the market is hot. While that’s good news for your sale, there might be one challenge: You need to find a new place, too. One solution is to sell your

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How To Get Your Finances In Order Before Applying For A Mortgage

While purchasing a home is a huge financial achievement, it can feel like there’s a lot you need to learn to navigate the process, especially when it comes to preparing your finances

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When Is The Best Time Of Year To Buy A House

For at least two years, the real estate market has been on a hot streak that has seen soaring prices and bidding wars. Many buyers have resorted to all-cash offers to beat the competition,

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The 6 Main Things Home Inspectors Are Looking For

When you’re under contract on a new house, it’s easy to fall in love with its potential. But before you linger on cloud nine too long, you’ll need the reality check of a home inspection.

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What Is A Housing Bubble

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an

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Starter Homes What They Are And How To Find Them

Buying a home is a sought-after goal — part of the American dream — for many of us. Wanting to buy a home, however, doesn’t always mean you’ll be able to afford one, especially as a;

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Dont Fix These Things When Selling Your House

Before putting your home on the market, it’s important to prepare it, so it’ll look its best to prospective buyers. Getting a home in show-ready shape typically involves decluttering interiors,

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The Color You Paint Your Front Door Could Affect Its Sale Price By Thousands Of Dollars

The eyes may be the window to the soul, but the front door is the gateway to your home. And it turns out, the color of your home’s front door plays an incredibly influential role in how

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8 Things You Should Look For In A House If You Want To Have Kids Within 5 Years

When you’re looking for a house to buy, so many factors play into the one you finally choose. But if you’re hoping to grow your family in the next several years, you might be thinking more ahead

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REAL ESTATE Demand For Adjustable Rate Mortgages Surges As Interest Rates Make Biggest Jump In 13 Ye

Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association

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Buying Amid Affordability Squeeze Heres How Homebuyers Can Cope

The housing market caught fire in 2020 as Americans decided en masse that they wanted homes and were willing to pay for them.Two years on, the pandemic-era housing boom continues to rage. Home

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How To Save For A House On Any Salary

Interested in buying a house, but convinced you'll never be able to afford it? You're not alone. Many Americans dream of—and struggle with—buying a home. In fact, according to a 2020 Accion

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What Is A Pocket Listing

When you want to sell your home, you usually aim to get as many prospective buyers interested in the property as possible. However, some sellers opt for an alternative route that doesn’t

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How To Sell Your Home While Still Living In It

The decision to sell your home is a big one. Even in a seller’s market, it can be stressful — especially if you’re still living there while it’s being shown. How do you prepare for a parade

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How To Understand And Reduce Taxes When Selling Your Home

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell

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Use These 8 Strategies To Get Yourself A Home In 2022s Real Estate Market

In the words of Leslie Peterson, a top agent in San Francisco, California: “It’s just a crazy market right now.”Peterson is right. Between July 2020 and June 2021, homes 

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Buying Or Selling A Home What You Need To Know About Contract Contingencies

If you’ve ever bought or sold real estate, you’ve probably heard of contingencies. In the most basic terms, a contingency is a specific requirement that must be met in order to make a real

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How To Improve Credit Fast

If your credit score is lower than you'd like, there may be fast ways to bring it up. Depending on what's holding it down, you may be able to tack on as many as 100 points relatively quickly.Scores

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Should I Buy A House

Buying a house is one of the most significant financial decisions you'll ever make. But beyond altering your financial picture, buying your first home also represents a substantial lifestyle change

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Can Home Sellers Reject Your Offer Because They Dont Like Your Lender

As a 30-year-old mortgage reporter, I’ve been a resource to friends who all seem to be buying houses these days. It’s a blessing that goes both ways, because while I have knowledge to share, my

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Is It Cheaper To Build Or Buy A House

Building a home rather than buying one allows you to customize it to your needs, among other advantages. However, construction timelines have lengthened due to material and labor shortages, and this

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How To Get The Best Mortgage Rate

Most of us don’t have the kind of cash necessary to buy or fix up a home available at our disposal. That’s where a mortgage comes into play. Whether you’re buying your first home, making

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15 Best Questions To Ask When Buying A House

Before making an offer on a house, you want to be absolutely sure that it’s “the one.” But with so many options out there, and so much competition, how do you find your perfect match?Finding

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What To Know About Your Escrow Balance

There’s more to know than just how much you owe each month.Homeownership is saddled with a lot of financial terms that may end up sounding like another language to the average person. Sign on the

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What Are AsIs Home Sales

You may be able to sell your home without first repairing it.Selling a home can be a long process. From hiring a real estate agent to closing on a final deal, selling a home is rife with red tape

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What Not To Fix When Selling A House

Learn what repairs and upgrades to avoid when preparing a home for salePreparing to sell a home can be daunting. Popular shows like “Fixer Upper,” “Flip or Flop,” and “Property Brothers”

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Its February

Is this the month where you decide to make your dreams of homeownership come true? If it is, give me a call and let me assist!

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How To Save For A House While Renting

For many renters, saving up for a down payment on a home is a challenge. For some, it’s hard enough just paying rent.According to Apartment Guide, the average one-bedroom rent is $1

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Renting Vs Buying A Home

Renting vs. buying a home is a big decision. In recent years, a higher percentage of  U.S. households were renting than at any point since 1965, according to a Pew Research Center report.

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How Much House Can I Afford

How much house you can afford is directly related to the size and type of mortgage you can qualify for. Understanding how much you can comfortably spend on a new mortgage while still

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The Fed Got The Memo Heres What You Can Do To Prepare For The Coming Rate Hike

Mortgage rates are edging higher. Here are a few things you can do to ensure you get the best rate possible.cnbc.com/2022/01/26/the-fed-sets-the-stage-for-a-rate-hike-heres-what-that-means-for-you

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How To Sell Your House While Buying Another One At The Same Time

When you’re trying to sell a house while buying your next place, things can get complicated if your closings don’t align or it takes longer to sell or buy a house than you

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How Much Is My House Worth

How much is my house worth?When getting a home value estimate, consider the three main types of valuation: Fair market value: Fair market value encompasses what your home looks like to

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How Long Does It Take To Buy A House

Average time to buy a houseThe average time to close a loan on a home purchase was 51 days as of June 2021, according to mortgage data firm Ellie Mae. Understanding the homebuying

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5 Housing Trends For 2022

What’s ahead for mortgage rates, home prices, demographic trends?The coronavirus pandemic roiled the housing market in many ways. Mortgage rates plumbed new depths. Home prices soared.

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5 Tips To Keep Holiday Spending From Trampling Your Down Payment Fund

As the holiday season moves into full swing, you might have your eye on a big gift for yourself: your first home. At this time of year, though, saving for a down payment and closing costs can seem

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11 Steps To Winterize A House

11 Steps to Winterize a HouseKeep your house warm and damage-free all winter with these tips.Extreme winter weather can leave neighborhoods and communities without power or other public services

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Home Renovations That Will Pay You Back

Home Renovations That Will Pay You BackWhen it’s time to remodel, many homeowners head to home improvement stores like Lowe’s to buy the supplies they need to complete their home projects.’

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Why The Holidays Are A Good Time To Buy A House

Why the Holidays Are a Good Time To Buy a HouseThe end of the year is upon us, and many people are busy shopping for gifts, attending parties and living out annual holiday traditions — but all you

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What Is Title Insurance

If you’re like most people, your home will be one of the largest purchases you make in your lifetime. The last thing you want is an unexpected issue regarding ownership of the home after you

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The Difference Between Preapproved Vs Prequalified For A Mortgage

Getting a mortgage can be complicated and time-consuming, but you have the power to reduce some of the stress and speed up the process by getting preapproved or prequalified. Here’s a rundown

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6 Things The Home Inspector Is Looking For

When you’re on the hunt for a house, it’s easy to fall in love with the layout, colors and ambiance of your potential home. But before you stay too long on cloud nine, you’ll need the reality

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3 Key Signs Your Home Could Have Structural Issues

Whether you live in an apartment, condo or single-family house, you want to know that your dwelling is safe — not just in a safe neighborhood, but physically sound, too. Being 100 percent certain

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Reasons Households In Forbearance Wont Lose Their Homes To Foreclosure

There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially

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Pumpkin Bread Recipe

If you are looking for a tried and true pumpkin bread recipe look no further. IngredientsIngredient Checklist 1 (15 ounce) can pumpkin puree 4 eggs 1 cup vegetable oil 1 tablespoon

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What To Know About Buying A Condo In 2021

Buying a condo is different than buying a home. You’re also buying a piece of a community, one that comes with its own rules — and its own fees. Give me a call if you’ve wondering if a condo

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New Mortgage Rule Makes It Easier For Renters To Buy Homes

New mortgage rule makes it easier for renters to buy homesAly J. Yale The Mortgage Reports ContributorA new lending rule helps renters qualify for home loansTo qualify for a mortgage, you

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How Much Money You Will Need To Have Saved Before Buying A House

Closing costs, fees and repairs. Knowing all the costs up front can help you determine how much home you can realistically afford. cnbc.com/2021/07/30/buying-a-home-here-are-the-costs-

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8 Steps To Calculating How Much A Mortgage Payment Would Cost You Every Month

A mortgage can be a bit of a mystery if you’ve never paid one. Here’s a look at how to calculate how much your first home might cost.businessinsider.com/personal-finance/how-to-calculate-

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Clear The Shelters

Are you looking for companion? If so, please consider adopting and giving a pet a forever home.  Find out what shelters in your area participates. https://www.cleartheshelters/

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Just 27 Really Cool Pet Products Youve Probably Never Seen Before

I'm sure you will find some items that your fur baby or babies must have! http://www.buzzfeed.com/abbykass/cool-pet-products?origin=fil-pe;

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Chocolate Chip Cooke Day

Everyone has their go to recipe for chocolate chip cookies. Well here is mine! Try it out and tell me what you think.https://www.allrecipes.com/recipe/15004/award-winning-soft-chocolate-chip/

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5 Really Affordable Yet Impactful Decorating Ideas

We all need a little change every now and then. Here is a little inspiration for sprucing up your home! https://www.pineandprospecthome.com/5-really-affordable-yet-impactful-decorating/#:~:

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How To Compete With Cash Offers When Buying A House

Focusing on the seller's motivations and needs can help when you’re competing with cash offers. Let me know how I can help you navigate the process. nerdwallet.com/article/mortgages/compete

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What Is A Property Title Search How This Important Step Can Make Or Break Your Closing

While a title search may not be as exciting as scrolling through online listings or dreaming of moving in, it’s a crucial step in a real estate transaction. bankrate.com/mortgages/property

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History Of The Hot Dog Everything You Need To Know

Is a cookout a cookout without a hotdog?http://www.thehotdog.org/history-of-the-hot/

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How To Increase Your Home Value On Any Budget

Even small changes can make a big difference when it comes time to sell!https://www.hgtv.com/lifestyle/real-estate/increase-your-home-value-on-any

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Tips For Staying Stress Free While Selling Your Home

Selling your home isn’t stressful when you work with the right agent! Give me a call today.https://www.msn.com/en-us/money/realestate/5-tips-for-staying-stress-free-while-selling-your-home/ar

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Buy Build Or Fix Whats Best For FirstTime Home Buyers

Before you join the house hunt, it helps to decide which type of property best fits your goals. Here are theprosand cons of buying a turnkey home, building a new house or renovating a fixer-upper

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Should You Pay Off Your Mortgage In Retirement Experts Weigh In On Whether To Cut That Debt

There are immediate benefits to paying off a mortgage, but there could be financial implications that you’d need to be okay with. Here’s what the experts say.cnbc.com/2021/05/02/-should-you-pay

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Who Qualifies As A Firsttime Home Buyer

First-time home buyers get access to special loans and assistance programs that repeat buyers might not. If you’ve owned a home before, you might think none of these perks apply to you. But that

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How Are Mortgage Rates Determined

Your mortgage rate is determined by many factors. Some are within your control and some aren't. I’m always here to help with any of your home buying questions.https://www.nerdwallet.com/article

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June Is National Homeownership Month

Helping people find the perfect home is more than just a job, it’s a passion. Whether you’re a first-time buyer, downsizer, or somewhere in between, I’m here to help!#homeownershipmonth

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