Saturday Strategy

Mortgage FAQ's, did you knows and much more...

Credit card usage is at all time highs and people are still spending like its 2021

P.S. Can I count on you to call us when any friends, family or coworkers are looking to buy, sell or refinance a home?  We'd love to help! You can just text/call me at 480.553.8770.

* Did you know we can finance in 45 states?

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Did Your Dream Home Just Come on the Market?

By Kevin Brierton Team | March 17, 2022

Kevin Brierton – 3.17.2022 For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest monthly release, realtor.com reveals the number of existing homes entering the market has increased for two months in a row (this comes after six months of declines). Here’s a graph showing the monthly…

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Are You Wondering if This Is the Year To Buy a Home?

By Kevin Brierton Team | March 16, 2022

Kevin Brierton – 3.16.2022 Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. After all, according to Census data, rents…

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Don’t Get Caught Off Guard by Closing Costs

By Kevin Brierton Team | March 15, 2022

Kevin Brierton – 3.15.2022 As a homebuyer, it’s important to plan and budget for the expenses you’ll encounter when you purchase a home. While most people understand the need to save for a down payment, a recent survey found 41% of homebuyers were surprised by their closing costs. Here’s some information to help you get started so you’re…

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Which Home Improvement Projects Are Most Likely to Increase Your Home Value?

By Kevin Brierton Team | February 8, 2022

According to two recent studies on this topic, here are the top home improvement projects that are likely to add the most value to your home: 1 – Landscape improvement 2 – Bathroom improvement 3 – Kitchen improvement 4 – New roof 5 – New windows 6 – New garage door 7 – New siding…

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Tax Deductible Items for 2021 Mortgages

By Kevin Brierton Team | February 8, 2022

Congratulations on your mortgage closing!  Here is a general overview of some information that may be helpful to you and your CPA as you prepare your 2021 tax returns (the return you’ll file by April 2022). NOTE: These items are only deductible if you itemize.  They do not apply if you take the standard deduction.…

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Two Ways to Be More Strategic With Your Credit

By Kevin Brierton Team | February 8, 2022

Your length of credit history looks at how long your accounts have been opened. This has a 15% impact on your score. The longer your accounts have been opened, the higher your score will be; newly opened accounts will bring your score down. Here are three practical steps for you to improve your score in…

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Should You Cash-out Your Home Equity to Buy a Vacation Home?

By Kevin Brierton Team | February 8, 2022

The main problem with cashing out the equity in your primary home to buy a vacation home is that you lose the tax deduction on the mortgage. Mortgage interest is only deductible if you itemize your tax deductions AND if the mortgage proceeds are used to buy, build or improve a “qualified residenceâ€. Here’s the…

A bar graph showing the cost of walking on 0. 5 % increase in mortgage rates

Cost of Waiting to Buy $30,000 Mistake

By Kevin Brierton Team | February 8, 2022

Just one year of waiting to buy a house could cost you tens of thousands of dollars (see charts). For example, a homebuyer considering a $250,000 home would lose $7,500 if home prices increase by 3% during that one year timeframe.  They would lose an additional $21,391 over the life of a $200,000 mortgage if…

P.S. Can I count on you to contact me if you hear that a friend, family or coworker is looking to buy, sell or refinance? Call/Text 480.553.8770 - We'd be honored to help them too!