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Even a spacious bathroom can get cramped pretty quickly. A well-organized bathroom makes starting your day less stressful and is much easier to keep clean. Primary Residential Mortgage, Inc. is sharing some simple organization tips that will help you make the most of the space you have, whether you’ve got a master bathroom all to yourself or are sharing one sink with the whole family. Shelving Some extra shelving can make your life quite a bit easier. Consider installing a shelf over the doorway to take advantage of unused space. This is a good spot to store things you use only occasionally or things you want to keep out of reach from children and pets. Install shelving over the toilet to make more room for bathroom necessities and to keep…

There’s some good news for home buyers looking to get a loan through Fannie Mae and Freddie Mac, for the sixth year in a row, the loan limit will increase for almost all counties in 2022. The Federal House Finance Agency (FHFA) said conforming loan limits will increase for most from $548,250 to $647,000 in 2022. That is almost a $100,000 increase in one year and reflects the increase in home prices nationwide. In “high-cost” areas with even higher home prices like coastal California and the NYC area the maximums are even higher, the limits will got up to $970,000 in some of those areas. The limits are based on local real estate prices but as prices went up nearly everywhere the limits almost certainly increased in your county as…

We are wishing you and your family a joyous, safe and tasty Thanksgiving day 🦃 Spending time with family and loved ones over a delicious meal is one of life's gifts so please enjoy. On this Thanksgiving day we are grateful and we are thankful for our relationship with you!

The housing market tight in many parts of the country and affordability a big issue for a lot of buyers, so buying a fixer-upper is something you might be considering. We’ve all seen the home make-over shows with amazing before and afters but is it right for you? Here are a few things to consider: 1. Know Your Limits How much of the work can you do. How much time do you have to put into renovations. Are you prepared to live in a work zone for a while 2. Work Out Costs In Advance Have a contractor walk through the inspection with you and get a written estimate for work he would do. If you are doing the work yourself price the costs of supplies, either way add 15%…

We want to wish everyone a safe and happy Veterans Day. And to especially thank all the veterans (and their families) who served to protect us.

Interest rates are still at historic lows but may not stay this low for long. With rates low and many owners seeing a rise in their equity, many people are asking about cash out refinancing or getting a home equity line of credit (HELOC). Here is a quick breakdown of the similarities and differences between the two loan types. Both allow you to get cash out immediately and in both cases you are borrowing against the equity in your home. The major differences is with a cash out refinance, you are replacing your first loan with a new one and the home equity loan is a second loan to your existing first mortgage and an additional payment. Cash out refinancing generally has a lower interest rate, as it replaces the…

Buying the right house for you might be at the top of your list, but the neighborhood is important too. Here are a few tips to consider: HOA and Property Taxes - these can actually vary widely between one area and the next so make sure to check them and if there is an HOA check the rules in advanced! Schools – we probably don’t need to mention this – if you have kids or are planning to, then you probably already have this in mind. Neighbors – this can be a little tricky but it’s a good idea to get a feel for your neighbors. You may want to try an old fashioned hello and ring the doorbell of a neighbor and introduce yourself. Area Attractions – this can…

Being self-employed is great - you're your own boss but when it comes to getting a mortgage secured, its a slightly different process than traditional mortgages. It often comes with additional requirements and red tape. Here are some tips to help you get organized and approved if you’re self employed. Apply for a mortgage when your income is up (we know this is easier said than done) but lenders will look at your last two years income most closely, and if you’re income fluctuates its best to apply on an up year. This can help you qualify for a greater loan amount and lower interest rate. Get That DTI lower, your debt-to-income ratio is one of the key factors in getting approved. So you’ll want to try to pay down…

If you haven’t heard interest rates are still near record lows. So if you have a mortgage and haven't refinanced in the last year, there’s a good chance you can refinance into a lower rate (generally a good idea :) and may consider getting cash out, so here are five things to consider. First we will start with the pros…. Low Rates and Lower Rates. As we said rates are low now – like really low. And if you’re considering a HELOC or home equity line of credit, rates on a mortgage refi are often lower. So you can lock in a low rate and have lower payments – sounds good right? Debt Consolidation If you have a lot of high interest debt (i.e. credit cards), you can pay that…

We all know the housing market has been on a tear and some people take might want to take a pause, but here are five reasons why it’s a good time to buy! 1. Increases in inventory – one of the reasons housing prices have been surging is a lack of inventory but we are seeing increased inventory nationally over the summer according to national association of Realtors. 2. Price increases maybe moderating – forecasts expect prices to continue to go up but at a more moderate level. 3. Rates are expected to stay low – forecasts for rates to stay low through the end of the year and perhaps into next year 4. Rates are near record lows – we are still at record low interest rates so borrowing…