Home Financing

Nov. 22, 2019

Boy Oh Boy is this Appraisal Low :(

When your Ruidoso Appraisal is not what you Expected

An appraisal of $185,000? … boy oh boy that’s low. And you were convinced from your market research that your home was worth every last dime of the $205,000 to which the buyers agreed. And now your real estate broker ...

View More
Nov. 8, 2019

Is this Right Time for Ruidoso First Time Buyers

Time for Ruidoso First Home Buyers?  Or Time to Wait?

The last decade in the housing market has been, if not scary, downright terrifying at tmes. Sky high valuations, followed by precipitous crashes followed by steadily rising value. Value which now almost seem high enough again to warn of a ...

View More
Oct. 18, 2019

Refinancing Basics for your Ruidoso Property

Mortgage Refinancing 101

In recent years, millions of homeowners, including many in Ruidoso, have taken advantage of low rates and refinanced their mortgages. This article describes the advantages and possible pitfalls associated with a "refi."

Before You Start:

Remember that refinancing to reduce debt can be a smart move, but ...

View More
Posted in Home Financing
Sept. 6, 2019

Five Steps Before You Buy

Five Steps Before You Buy

Our Ruidoso market it currently at a healthy equilibrium. Seemingly, we have an ample amount of buyers for the current inventory of homes for sale. and those homes which are priced accurately are being sold and closed in a reasonable amount of time and not ...

View More
Aug. 23, 2019

Working with a Mega Bank can be Frustrating

Big Banks can raise your Blood Temperature to Boil!

First, forgive the bombastic alliteration included in this article’s title, I’m weak and I couldn’t resist. But seriously, I’d like to share with you our recent experience with one of those to ‘too big to fail’ banks. In this case, it’s ...

View More
Posted in Home Financing
Aug. 15, 2019

Refinance is not guaranteed

Automatic Refinance? … Don’t Count on it.

You may experienced it yourself or know someone who’s experienced it. But it seems this particular mortgage problem is a market reality as some of our baby boomers start to retire, choose forms of self employment as a lifestyle or as we transition away from ...

View More
Posted in Home Financing