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Jeff Cook Real Estate Blog

Friday, October 24, 2014   /   by Christina Smith

Charleston Area Mortgage Rules Could Ease — if the Rumors Hold!

 The financial press has been on it for a while: in September, Bloomberg News was pointing out that FHA mortgages to borrowers with weaker credit scores had plummeted 19% in the previous nine months. Something, you could sense, was about to give—but, per Bloomberg, “Washington regulators and major banks continue to haggle…”
 
True, home prices were up, which put a smile on Charleston, SC homeowners’ faces. Yet the number of sales was less than overpowering. In reaction to the housing bust, regulators had tightened the screws on mortgage lenders, causing them to raise requirements for borrowers—Charleston area mortgage applicants included. So although the price rises were encouraging, the difficulty in getting mortgages became a drag on the number of home sales.  
 

 
 
Now the latest rumbles could be potentially breakout news for Charleston, SC homeowners and investors—indeed, for anybody with an inkling t ...

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Wednesday, October 15, 2014   /   by Christina Smith

Children Leaving the Nest? 3 Pieces of Sage Advice You Can Share About How to Manage a Mortgage

When your children are about to step out into the world on their own, you want to help them on their way. This especially holds true when it comes to buying a house. As your sons or daughters prepare to take the plunge into home ownership, make sure they follow three crucial tips that will help them during the mortgage process.



 
Don't Bite Off More Than You Can Chew

One of the biggest mistakes that Charleston, SC homeowners make is choosing a home that is beyond their price range. Your children need to remember that they are going to be paying for their home for a long time. A crushing house payment could be difficult to manage.

In order to find a reasonable mortgage, you need to look at the numbers. The bank, or mortgage lender, will generally look at a client's income, debt, and the current mortgage rate to determine an acceptable amount when purchasing a home. Your children can look at their own budget, lay out all of their costs, and determine how much spe ...

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Thursday, October 9, 2014   /   by Christina Smith

3 Reasons Why Changing Your Kitchen and Dining Room Lighting Fixtures Can Increase Charleston Home Your Sale Price

If you are considering selling your Charleston area home, you may be wondering if there are things that you can do to increase your sale price. The truth is, you could spend thousands of dollars updating your home, but most homeowners will not want to put in such a large investment without knowing how much it will add to the selling price. Fortunately, there are more affordable things that can be done.

One affordable change to your Charleston home that can increase your sale price is to change your kitchen and dining room lighting fixtures. There are a number of reasons why this can work. Here are three of them:


                                                                                                   
& ...

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