What to Know About the Buyer Representation Agreement
As of July 1, 2024 the NAR (National Association of Realtors) and IAR (Iowa Association of Realtors) put into state law that anyone who wanted to buy a home in the state of Iowa with a REALTOR® must enter a Buyer Representation Agreement with their REALTOR®. The Buyer Representation Agreement ensures that the REALTOR® will act in the best interest of the buyer throughout the home-buying process, providing them with dedicated support, expertise, and advocacy. This agreement must be signed, in person or electronically, by both parties before looking at any homes or properties. By signing this agreement, you will be assured that your REALTOR® is committed to helping you find the right property and
The Mortgage Corner with Greenstate Credit Union: June is National Homeowership Month
June is National Homeownership Month, a time to recognize the many benefits that come with owning a home. Whether you're a first-time buyer or a seasoned homeowner, it's worth taking a moment to appreciate the advantages that homeownership can bring.
Building Equity
One of the most significant benefits of owning a home is the ability to build equity. Unlike renting, where your monthly payments go to a landlord, mortgage payments contribute to your own financial asset. This equity can be a substantial financial resource over time, providing security and potential borrowing power for future investments or emergencies.
A home is more than just four walls; it’s a sanctuary, an investment, and a place where memories are made. That's why working with a knowledgeable realtor is invaluable! From navigating the tricky market to negotiating the best deal, a realtor's expertise turns the complex home-buying process into a seamless journey. Today we are sharing the value a Realtor provides when buying a home.
Expert Knowledge: Your Oakridge Realtor® possess in-depth knowledge of the housing market, including current trends, pricing, and neighborhood insights. Our expertise can guide you to make informed decisions.
Access to Listings: With a team of over 65 Realtors® and access to the Multiple Listing
Welcome to your dream home in Fieldstone! This stunning 2-story home offers spacious living areas flooded with natural light, providing the perfect setting to relax and entertain. As you enter, you'll be greeted by the inviting front living area boasting a vaulted ceiling and new vinyl plank flooring, creating an elegant and modern feeling. Continue further into the home and discover the family room featuring a gas fireplace flanked by built-in cabinets and shelving with a view of the backyard through a bank of windows. The family room seamlessly flows into the dining area and kitchen, where painted cabinetry, granite counters, and a center island with seating await. Just off
The Mortgage Corner with GreenState Credit Union: Your Team Behind the Home Buying Process
Who's Who in the Mortgage Process
Whether you’re a first-time homebuyer or a seasoned one, buying a home is a complex process and involves an array of people. While your real estate agent and mortgage loan officer will be your primary points of contact, there are others working behind the scenes to ensure a smooth process. Below is a helpful reference of the key roles, from preapproval to closing day.
GreenState Team
Loan Officer: Your GreenState Mortgage Loan Officer will work alongside you throughout the home buying process to help you choose the best loan program for your budget and needs. Our team knows purchasing a home is one of the largest
Take a look at this spectacular 5 bedroom, 3 bathroom, ranch-style home located in the desirable Ridges subdivision. You'll have 3,159 square feet of living space including a fully finished lower level! This custom built home features attention to detail throughout, from the upgraded trim and solid doors, to the gourmet kitchen with granite counter tops, and built-in bookshelves surrounding the great room fireplace. Enjoy evenings spent in the spacious four-seasons room and summer barbecues on the deck overlooking the professionally landscaped, private and secluded backyard. Schedule a showing today!
The Mortgage Corner with GreenState Credit Union: Buying a Second Home
The dream of owning a second home is a common one. Whether it's a beachfront bungalow, a cozy cabin for winter getaways, or an investment property for some extra income, buying a second home can be a fantastic financial decision. But it's not without its challenges. From understanding mortgage options to figuring out tax implications, there's a lot that goes into this significant purchase. Let's dive into what you need to know before buying a second home.
Financial Considerations
Buying a second home is a significant financial commitment. It's important to consider whether you can afford the ongoing costs of a second property. You'll need to factor in mortgage payments,
The Mortgage Corner with GreenState Credit Union: The Process of Buying & Selling a Home at the Same Time
Buying or selling a home can be stressful. It's not just about finding the perfect property to move into or finding the right buyer for your current home; it's about timing it right, qualifying for loans, and managing finances. And when these two significant life events happen simultaneously, the stress can be overwhelming. But don't fret. With the right preparation and guidance, you can navigate through this process smoothly. Here are a few tips to think about as you consider your next home purchase.
Getting Your Finances in Order
The first step in this journey is to get your finances in order. This includes understanding your current
Stunning newer construction with all the upgrades! This quartz island is one of the biggest in Grundy County with tons of storage & work space! Come see the dream pantry off the open layout kitchen, main floor laundry/mudroom, and large living room. The master suite has an enormous closet and bathroom with beautiful finishes! Luxury vinyl planking throughout with beautiful color selections! There are 2 gas fireplaces total, one in the main living room, and the other in the oversized lower level
The Mortgage Corner with GreenState Credit Union: October is Financial Planning Month!
Did you know that October is Financial Planning Month? If you haven’t taken stock of your finances lately — specifically your household budget — it’s the perfect time to do so. A good household budget can help you better manage spending and save for your financial goals, like buying a home, paying off debts, or even just taking a much-needed vacation.
Are you ready to update your household budget this month? Take these steps:
Know your after-tax income. Before you can create a smart budget, you need to know how much money you’re bringing in each month after taxes. This will, of course, include your salary, but any extra income should be considered as