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Home Safe HOME

by Morris Pyle Team

Home Safe Home

 

Home is a place you should feel safe and secure. Sometimes, we take it for granted and unfortunately, we do need to remain vigilant about things we do that could compromise our safety. Here are a few tips to consider:

• Everyone loves an inviting home including burglars. Make sure it looks occupied and is difficult to break in.

 

    • Always lock outside doors and windows even if you’re only gone for a brief time.

    • Lock gates and fences.

    • Leave lights on when you leave; consider timers to automatically control the lights.

    • Keep your garage door closed even when you’re home; don’t tempt thieves with what you have in your garage.

    • Suspend your mail and newspaper delivery when you’re out of town or get a neighbor to pick it up for you.

 

• Posting that you’re out of town or away from home on social networks is like advertising your home is unprotected.

• Equally dangerous could be allowing certain social network sites to track your location.

• Don’t leave keys under doormats, in flowerpots or the plastic rocks; thieves know about those hiding places and even more than you can think.

• Trim the shrubs from around your home; don’t give criminals a place to hide.

• Use exterior motion detectors and yard lighting.

• Have an alarm system and use it when you leave home and go to bed.

• Put 3 ½” deck screws in door plates and door hinges.

• Have good deadbolts on all exterior doors.

• Exterior doors should be solid core.

Assumptions are an Alternative

by Morris Pyle Team

Assumptions are an Alternative

FHA VA Assumption.png

In the late 80’s, both FHA and VA began requiring buyers to qualify to assume their mortgages. The main reason there haven’t been many assumptions in the past 25 years is that interest rates have been steadily going down and if a person has to qualify, they might as well do it on a new loan and get a lower interest rate.

Based on projections by Fannie Mae, Freddie Mac, the MBA and NAR, rates for the second half of 2017 and 2018 are expected to be higher. When interest rates on new mortgages are higher than the rates of assumable FHA and VA mortgages in the recent past, it becomes more advantageous to assume the existing mortgages.

FHA and VA loans originated with lower than current interest rates have great advantages for buyers and sellers.

  1. Interest rate won't change for the qualified buyer
  2. Lower interest rate means lower payments
  3. Lower closing costs than originating a new mortgage
  4. Easier to qualify for an assumption than a new loan
  5. Lower interest rate loans amortize faster than higher ones
  6. Equity grows faster because loan is further along the amortization schedule
  7. Assumable mortgage could make the home more marketable

An Assumption Comparison can help determine the savings and financial benefits of an assumable mortgage with a lower rate.

Where to put it all

by Morris Pyle Team

As you’re probably aware, one of the key steps to preparing your home for sale is to get rid of as much clutter as possible. You want to make every room look spacious and comfortable.

But what do you do with the pictures, boxes, clothing, tools, furniture and other stuff you need to take out of your home?

For items that you don’t want anymore, you have two options: dispose or donate. You can dispose of items at your local waste depot or recycling center, (but be sure to call ahead to confirm which items they will accept.) Donations can be made to organizations like Goodwill and The Salvation Army. These organizations are interested in good furniture, clothing, appliances (that work), bikes and other toys (that don’t need repair), and tools.

For items you want to keep, consider renting space at a local self-storage facility. Most offer a variety of storage options from lockers to garages, and typically charge by the month. As for security, most self-storage facilities have fencing, gates that require a passcode, cameras and other security features. You can also lock your own unit.

One of the drawbacks of self-storage is that you have to move your stuff twice – first to the storage unit, and then to your new home. An alternative that’s becoming increasingly popular is a Mobile Storage Unit. The unit is placed in your driveway for a few days while you load it with the items you want stored. Then it’s picked up by the mobile storage company and taken to their warehouse. When you move, the company simply drops the unit off at your new home for unloading.

Top Things to Do In Fargo

by Morris Pyle Team

If you’re looking to move to Fargo soon, or if you live her already, no doubt you’re also looking to have a good time with family and friends. Fargo has a lot to offer the fun-seekers.  Here’s few ideas for something to do this weekend.

FargoDome

Rourke Art Museum


Fargo Theatre


Red River Zoo


The Children's Museum At Yunker Farm


Make sure you visit our blog weekly for more community tips and Fargo real estate information.

Displaying blog entries 1-4 of 4

Contact Information

Photo of Morris Pyle Team Real Estate
Morris Pyle Team
RE/MAX Legacy Realty
4342 15th Ave. S., Suite 105
Fargo ND 58103
701-238-1652
701-281-0449