Wilson Wolfe Real Estate



Posted by Wilson Wolfe Real Estate on 9/15/2019

If the nerd in you comes out as soon as someone starts talking numbers, you might find yourself wondering how hard it is to create a mortgage calculator. Technically called an amortization calculator, the numbers you put into the calculation tell you what your payment each month breaks down to in terms of what goes to the principal (the amount to pay down your loan) and interest (the money the lender makes for loaning you the money).

Getting set up

You can download a spreadsheet to fill in for Excel or Numbers. If you don’t use Excel or Numbers, you can create one in Google sheets (a free online spreadsheet program with a Google account). You will also need a few numbers to set up your amortization schedule.

  • The loan amount. This is the amount you intend to borrow. So, in general, it will be the amount of the sales price of the home minus the down payment. It might include some of the closing costs or points, or other amounts so bear that in mind and adjust your calculator once you get the final numbers at closing.
  • The annual interest rate. For a fixed-interest mortgage, this amount will remain the same throughout the life of the loan. For a variable interest or adjustable loan, each time the rate changes, you should set up a new table going forward.
  • The loan period. Usually, you calculate this in years, so even if your loan is for a partial year, express it in decimals. So, fifteen years and six months would be 15.5.
  • The number of payments per year. Usually, this number is 12 since you make payments every month. In rare cases or for particular types of loans, it could be 4 for quarterly payments or even one if you only pay one time each year.
  • You also need the start date of the loan. Typically, loan calculators assume that the first payment is due at the beginning of the next month after the start date.
  • Optional extra payments. Some calculators also have a formula for voluntary additional payments. For example, if you want to pay off your mortgage to coincide with your retirement, you could try various additional payments until the loan zeros out on that date. That way, you would know exactly how much extra to pay each month to achieve your goals.

These calculators do not account for taxes and insurance since those numbers are subject to change even though you pay them with your monthly payment. If you have questions about how to use a mortgage calculator or how to figure out what your payments might be, speak with your lender for a detailed explanation.




Tags: Mortgage   loans   home buyers  
Categories: Uncategorized  


Posted by Wilson Wolfe Real Estate on 9/8/2019

Having your home loan rejected can be disappointing, but it is not the end of the road. This article is full of ideas to help get your loan approved on your next try:

Re-edit your borrower profile

Banks are vigilant on all aspects of credit, including the profile of the borrower. Remember that many criteria are crippling. Any episode of overdraft is out of the question and better pay off consumer credit. Be sure to review and resolve any errors on your credit report.

Call a broker 

These intermediaries compete with borrowers. They refine your file and present it to the right banks since they know the criteria and the commercial policy of all its financial partners. Then the borrower has to choose the best offer. In most cases, the broker will get a small commission for obtaining the loan on your behalf. 

Increase your contribution

Check if you can increase this. That way, the bank will be more reassured, mainly as you will borrow less or assure them of a shorter repayment period. How do you improve your contribution? You can resort to family donations, for example, unlock the profit sharing of your company. Another possibility: use the loans constituting personal contribution like the Housing Action Loan (formerly 1% housing), home savings. 

Consult other banks to borrow

Did a financial institution refuse the loan? It does not mean that another bank will not accept it. It will be challenging to resubmit the file to the same bank, but other banks will take it. The conditions for granting credits vary from one institution to another. Some are more aggressive commercially and are more flexible. Others offer innovative formulas that increase real estates purchasing power, such as mixed loans and tiered loans.

If for some of the reasons chipped in above, your loan application does not get approved, you should rebuild it. For a loan application to be accepted, the banks ask for the last three statements of account. They must show that the borrower is reasonable and can repay. It's better to clean them to present a reassuring profile to the lending institution.

The opening of a savings account can be the right choice: it allows you to show that you can save money. Do not go at the last moment. Banks will appreciate your long-term savings efforts.

Remember to heal your reputation online: the profile you present on the networks can always serve as your service. With the above tips, you are sure to get yourself the required loan you need next time you apply.





Posted by Wilson Wolfe Real Estate on 9/1/2019

If you intend to sell your home, you should develop a plan. That way, you can identify any potential home selling hurdles and take steps to address such issues before they escalate.

Now, let's take a look at three tips to help you execute a house selling plan to perfection.

1. Establish a Timeline

You know you want to sell your home, but it is important to understand that it may take several days, weeks or months to complete the house selling cycle. Fortunately, if you establish a home selling timeline, you can set realistic expectations for the property selling journey.

Think about how long you will need to relocate from your current residence to a new one. For instance, if you need to pack up your personal belongings, you should account for this factor as you develop your home selling timeline.

When it comes to selling a house, it generally is a good idea to give yourself as much time as you can. Remember, if you have sufficient time to clean your residence and upgrade your house's curb appeal, you may be able to speed up the property selling cycle.

2. Remain Flexible

Although you may devote significant time and resources to craft an effective home selling strategy, you need to keep in mind that problems may arise during the property selling journey. In some instances, these issues may be unavoidable. However, if you maintain flexibility, you can address any home selling issues and prevent them from slowing down or stopping a house sale.

If you encounter a problem during the home selling journey, try not to stress about it. Conversely, tackle a home selling issue head-on, and you can overcome this problem without delay.

3. Consult with a Real Estate Agent

If you are unsure about how to plan for the home selling journey, you can always hire a real estate agent. Because if you have a real estate agent at your side, you can receive expert guidance at each stage of the house selling cycle.

A real estate agent knows what it takes to sell a residence, regardless of the current housing market's conditions. First, he or she will meet with you, learn about your home selling goals and help you plan accordingly. And when you have a home selling strategy in place, your real estate agent will help you put this plan into action.

As you execute a home selling plan, a real estate agent is ready to provide tips and recommendations as well. If you ever have concerns or questions as you navigate the home selling journey, a real estate agent will respond to them immediately.

For those want to streamline the home selling journey, it helps to craft a plan. Thanks to the aforementioned tips, you can create a first-rate home selling strategy. And as a result, you can use a home selling plan to promote your residence to buyers and maximize your house sale earnings.




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Posted by Wilson Wolfe Real Estate on 8/25/2019

New season, new life! That has been the mantra each time the end of the previous season approaches. To many people, the new season means a total overhaul on the way they live, the friends they keep and most especially, the food they consume. People take measures, set goals with hopes that by the end of the year, they will come out better than before.

In that spirit of resolution, people tend to make some dangerous decisions that could affect their health negatively in the long run. Most of these food resolutions do more harm than the intended aim. Here are some food resolutions that you should avoid.

1. Cutting out carbohydrates. For many looking for a way to lose some weights, the first advice they get is usually to cut out carbs from their diet. It is true that cutting away carbs will cause you to lose some weight. The logic is that the body is using up the stored glycogen in your muscles and liver, to make up for the ones you are not giving it, not necessarily because you are losing fat. The key here is to apply moderation.

2. Getting rid of fatty foods. Here is another common food resolution, especially people with oily skin who are looking for ways to get rid of acne caused by the blockage of skin pores. The appropriate decision shouldn't be to cut out fat, instead, focus on eating the right kind of fat. Good fats, which are monounsaturated fats and polyunsaturated fats help your body a great deal. Apart from absorbing vitamins and building cell membranes, they also facilitate your ability to heal quickly and repair yourself.

3. Juicing. Some people believe they are taking care of their health by juicing to get more fruits and veggies into their system. Many also do this to lose weight and over the years, this has proved to be dangerous to the body. Juicing takes away all of the fibers from the fruits and vegetable but leaves the sugars which can lead to an increase in your blood sugar level. Juicing can be quite dangerous if done wrong.

4. Low-calorie diets. “Cut down on your calorie intake” has been a significant phrase health-conscious people tend to make often. They believe that the less calorie they consume, the better the meal is. However, be aware that a low-calorie diet is equally as dangerous as taking a massive amount of calories. The tip here is to apply moderation. Remember, you need energy, and without calories, you will be burning your body reservoirs, leading to unhealthy weight loss.

These are major food resolutions that people make that are harmful and please, avoid them at all cost. They do more harm than the intended result. If you have made a food resolution, now is the time to review them and make some adjustments. Speak to a doctor or dietitian if you are looking to make new food habits.




Categories: Uncategorized  


Posted by Wilson Wolfe Real Estate on 8/18/2019

Deciding whether to set up a home showing sometimes can be a tough decision. Yet a home showing can make a world of difference for a buyer as he or she searches for the ideal residence.

Ultimately, there are many reasons to schedule a home showing, and these include:

1. You can look beyond a home listing.

A home listing generally offers details about a house's age and features, as well as photographs of different areas of a residence. But a home listing can only provide so much information. Fortunately, a home showing enables you to assess a house in person and decide whether a residence is right for you.

During a house showing, you can walk around a residence and view each room. If you want to further pursue a residence after a showing, you can submit an offer to purchase. Or, if you find a house fails to match your expectations, you can always continue your search for your dream home.

2. You can gain comprehensive insights into a house's condition.

When it comes to evaluating a house's condition, it typically is a good idea to attend a showing. That way, you can get an up-close look at a home's condition and determine whether a residence needs major or minor repairs.

A home showing enables you to analyze a residence both inside and out. After a showing is complete, you can decide whether you are satisfied with the condition of a home and map out your homebuying journey accordingly.

3. You can imagine what it would be like if you purchase a home.

A home showing makes it easy to envision what life may be like if you purchase a particular house. As such, a showing may prove to be crucial as you pursue your dream residence.

If you feel good about a house following a showing, you should not hesitate to submit a competitive homebuying proposal. Conversely, if you feel uncomfortable with a residence, you may want to pursue other options.

Of course, hiring a real estate agent may be exceedingly valuable as you search for your ideal house. A real estate agent can schedule home showings at your convenience and provide plenty of tips to help you pursue residences in any housing market. By doing so, a real estate agent will empower you with the insights you need to make an informed decision about a house.

Let's not forget about the assistance that a real estate agent will provide after you find your dream house, either. At this point, a real estate agent will help you put together a competitive offer to acquire your ideal residence. And if you have any concerns or questions as you move along the homebuying journey, a real estate agent is happy to respond to them.

Ready to find your dream residence? Schedule a home showing, and you take the next step to acquire your ideal house.




Tags: Buying a home   showing  
Categories: Uncategorized  




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