No matter what the groundhog’s opinion is, the calendar says spring is going to be here soon! And the warmer weather historically means home sales are about to heat up, as well. Studies show letting in more light and lightening your color scheme does wonders for your personal well-being. Incorporate one or more of the following inexpensive DIY changes into your springtime routine, and you may find your house is more salable down the road, as well. Start with the curtains. If you are sporting grandma’s triple-thick window treatments, it might be time for a change. Heavy “blackout” curtains originated in World War II-era Britain, to block the view of nighttime lights from German bomber pilots. Even after the war was over, blackout curtains remained in vogue through the 1970s, with the added benefit of moderating temperature. When closed, they...Read more
For the very best in customer service, borrowers keep coming back to Bay Equity Home Loans. Once a borrower is in the thick of the mortgage transaction, they quickly realize how much deeper the process goes. There are so many questions – things to learn, documents to pull together, papers to sign. Here’s where Bay Equity shines. Our loan officers always add a deep commitment to the highest standards of local, direct customer service. That commitment keeps customers coming back time and time again. Just look to Montgomery, AL, where Krystal and Stephen Williams financed their first home with Jennifer Johnston back in 2016. When they were ready for a move-up home in late 2018, they didn’t consider anyone else but Jennifer and Bay Equity. “We just love her,” Krystal says. “She was wonderful.” Bay Equity’s seasoned team of professionals...Read more
According to a study by the National Association of Realtors, more than 70 percent of non-cash, first-time home buyers – and 54 percent of all buyers – made down payments of less than 20 percent over the last five years.
In response to many high-profile data heists over the last decade, many people now choose to lock up access to their credit history with a PIN-controlled “credit report freeze.” Once widely considered the province of the paranoid, personal digital security is now the calling card of the credit savvy. After a 2017 breach at Equifax exposed the information of 500 million people, the federal government passed legislation requiring all three credit bureaus to allow people to freeze their credit reports quickly. Credit reporting agencies must respond to online or phoned-in freeze requests within one business day (they get three days for snail mail). A freeze effectively closes access to your credit report, and since new credit can’t be issued without a credit check, hackers theoretically can’t get it for their own nefarious purposes, either. This is a great new piece...Read more
Do you need money to pay off student loans, cover bills and expenses, or start a new business? With homes prices skyrocketing across the nation the last few years, maybe you are one of the many homeowners who could tap your increased home equity for a significant sum through a cash-out refinance. At Bay Equity Home Loans, our experienced loan officers can help you figure out if refinancing your current mortgage makes good financial sense. Home equity is the difference between a home’s fair market value and the outstanding balance of all liens on the property. It all comes down to how much your home is worth, your current mortgage balance and how much you want to borrow. Say you paid $200,000 for your house. You’ve been in the home for a while and have paid the principal down to...Read more