Real Estate News | Diana Kearns and Michael Kearns, Realtors

Is This Your Situation: Buying a House as an Investment

By The Kearns Team via HomeActions - September 14, 2021

It's no secret that wherever there's a product people need, there are people making money providing it. And there are few things people need more urgently than homes. That's why real estate is one of the safest investments there is. There are two ways people make money on homes: flipping and renting. Image courtesy of HomeActions Flipping a house means buying a home that's undervalued, fixing

Should You Set Up an Escrow Account?

By The Kearns Team via RISMedia - July 17, 2021

When bills come for insurance premiums and property taxes, your mortgage lender or servicer can use money set aside in an escrow account to cover the payments. The account is funded by small sums added to each regular mortgage payment. Then, when your insurance or property tax bill comes due, the lender uses the escrow funds to pay it. That way, you never have to pay a large bill in one shot. If y

Expects Predict Housing Market Growth will Continue but Slow Down

By The Kearns Team - March 30, 2021

Fannie Mae (officially the "Federal National Mortgage Association") and Freddie Mac (officially the "Federal Home Loan Mortgage Corporation) are the two federally chartered companies who, "establish secondary market facilities for residential mortgages [and] provide that the operations thereof shall be financed by private capital to the maximum extent feasible." Recently both organizations predict

Will Increasing Mortgage Rates Impact Home Prices?

By Kearns Team - March 03, 2021

Image courtesy of RISMedia We are in the midst of a very active real estate market in Denver, and many people are talking about home prices in relation to mortgage rates. While mortgage rates have been relatively staple, some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it does make sense for the price of the house to drop when interest rates are ri

Is Getting a Home Mortgage Still Too Difficult?

By The Kearns Team via RISMedia - February 27, 2021

Image courtesy of RISMedia Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago. The market is still tight however, and homebuyers should be prepared to shop around until they find a lender who is offer

How To Choose Homeowners Insurance

By The Kearns Team via RISMedia - January 10, 2021

Are you a first-time homebuyer? You've got a lot to budget for — your down payment, your closing costs, home improvements. But just to make things a little bit more complicated, you'll need to add homeowners insurance to the list. And the problem with budgeting for homeowners insurance is that it's not a one-size-fits-all situation. You have to decide what is right for your house and for your area

How do 'Credit Inquiries' affect your credit score?

By The Kearns Team - January 06, 2021

As real estate agents, we counsel our clients to talk to 2-3 mortgage lenders before making a decision on how to finance their home purchase. Lenders offer various loan products, have different fees, and their mortgage rates may vary as well. You also want to make sure you are comfortable with the loan officer and lending company you select. It's a good thing to shop around. Recently, a client ex

Personal Finance

9 Tips to Help You Control Your Spending

By The Kearns Team via RISMedia - December 28, 2020

Image courtesy of RISMedia Let’s be honest: Spending money can sometimes be too easy for our own good. In today's world we have multiple subscriptions to streaming services, music providers, magazines (yes, some people still read the printed word), and more! While each might be just a few dollars, these subscriptions - and other purchases - can add up quickly, and before we know it–poof!–it see

The Ins and Outs of Business Credit Cards

By The Kearns Team via RISMedia - December 09, 2020

Photo provided by RISMedia A business credit card can be a big help to business owners. But if not used properly, they can cause credit scores to drop, affecting personal credit. There are a number of ways cardholders can negatively impact their credit score. The biggest culprit? Carrying too much debt on their business card which raises their debt-to-credit ratio. To calculate this ratio, divi

5 Reminders to Keep In Your Wallet

By The Kearns Team via RISMedia - December 01, 2020

Photo provided by RISMedia Your purse or wallet can be more than just a place to pull your money out of so you can spend it. It can also store a few things to remind you to use less money, or at least use it well. Here are five things to keep in your wallet that can help you use your money well: Cash If you follow the rule of only spending the amount of cash you have on you, then you’ll never

Personal Finance

What Happens If You Cancel a Credit Card?

By The Kearns Team via RISMedia - November 01, 2020

Photo courtesy of RISMedia Canceling a credit card that you rarely use or have paid off can feel good. It can give you a sense of accomplishment while lightening your wallet and giving you one less bill to worry about. It can, however, also cause your credit score to drop. But if you want to maintain your current credit score or improve it, then you may want to hold onto that card a little longe

How to Avoid Credit Card Interest

By The Kearns Team via RISMedia - October 18, 2020

Photo provided by RISMedia The typical credit card charges about 16 percent interest per year on balances, effectively adding $16 to each $100 in expenses that are left on a credit card. Some charge as much as 29 percent if you’re late on a payment and have to pay penalty interest. Avoiding a credit card balance by paying the bill before the due date each month is the best way to avoid such ext

Diana Kearns and Michael Kearns, Realtors

Blog

Is This Your Situation: Buying a House as an Investment

Should You Set Up an Escrow Account?

Expects Predict Housing Market Growth will Continue but Slow Down

Will Increasing Mortgage Rates Impact Home Prices?

Is Getting a Home Mortgage Still Too Difficult?

How To Choose Homeowners Insurance

How do 'Credit Inquiries' affect your credit score?

9 Tips to Help You Control Your Spending

The Ins and Outs of Business Credit Cards

5 Reminders to Keep In Your Wallet

What Happens If You Cancel a Credit Card?

How to Avoid Credit Card Interest

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