Tag Archive Mortgage

Brown Butter Lobster Rolls w/ Sriracha Mayo

Brown Butter Lobster Rolls with Sriracha Mayo

There are times when you just have to treat yourself to something delectable, and this right here will have you wanting to kiss yourself! A snack that a chef can admire, this succulent and tender lobster is sweet and pairs well with the creamy and spicy sriracha mayo. Place the lobster on a buttery roll and let the divine dining experience begin. Add a twist of lemon on the side for garnish and enjoy because you deserve it!

Makes 4 lobster rolls

Ingredients: For the lobster

2 tablespoons unsalted butter, melted

Juice of 1 lemon

¼ teaspoon kosher salt

⅛ teaspoon freshly ground black pepper

2 lobster tails or ¾ pound cooked lobster meat

Ingredients: For the sriracha mayo

½ cup mayonnaise

1 tablespoon sriracha, or more to taste

Ingredients: To assemble

4 top-split buns

3 tablespoons chopped fresh chives, to garnish

Instructions:

  1. Stir together the butter, lemon juice, salt, and pepper in a small bowl until completely combined.
  2. If using cooked lobster meat, cut into small chunks and toss with lemon butter.
  3. If using lobster tails, prepare them now: Preheat oven to 425°F. Coat an oven-safe pan evenly with nonstick cooking spray. Place the tails, meat side up, in the prepared pan. Spread 2 tablespoons of the butter mixture evenly on the meat of both lobster tails.
  4. Roast in the oven for 5 to 8 minutes, until the lobster meat is opaque. Remove each tail from its shell and chop into bite-size pieces.
  5. Prepare the sriracha mayonnaise: Mix mayonnaise and sriracha. Spread mayo thickly on buns. Stuff the buns with the lobster meat and top with more sriracha mayo, if desired, and chives. Serve immediately while hot.

Excerpted from Cooking with Miss Quad: Live, Laugh, Love, and Eat. Text copyright 2019 by Quad Webb. Cover photograph copyright 2019 by Will Sterling. Reproduced by permission of The Countryman Press. All rights reserved.

#lobsterroll #lobster #newengland #food #home #itsyourmove #greenisleblog

 

 

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Single Women are Driving Real Estate Market

How Single Women are Transforming the Real Estate Market

According to the National Association of Realtors (NAR) 2019 trend report, 18 percent of recent homebuyers were single women, in contrast to 9 percent of single male homebuyers. Why are so many more women buying homes of their own—and what does this mean for sellers who want to appeal to this growing demographic?

Why real estate may be more important for women.  When the NAR report asked respondents why they wanted to buy a home, the largest percentage by a wide margin answered, “The desire to own a home of my own.” Indeed, for many buyers the intangible sense of accomplishment and security provided by home ownership is a major motivation. However, for women, buying a home can have a host of benefits that make it work on an entirely different level. That’s because, for many women, the definition of success has changed—and home ownership is part of their new definition.

Women earned a majority of both academic and professional degrees.  According to the Council of Graduate Schools, women currently represent 58.2 percent of all graduate students and have outearned men in both master’s and doctoral degrees for more than a decade. As they take jobs that are more stable and require more time for career-building, women may find that home ownership offers the security they are looking for and that they have more money to spend on the right home.

The wage gap means women need to be smarter financially.  Despite their accomplishments in the classroom and the workforce, women earn significantly less than their male counterparts. According American Association of University Women:

  • Women working full time earn 82 cents for every dollar earned by men, on average.
  • Women hold nearly two-thirds of outstanding student loan debt.
  • As a result of lower lifetime earnings, women receive less in Social Security and pensions, resulting in 70 percent less in overall retirement income compared to men.

Because they earn less, women tend to be focused less on disposable income and more on making smart financial decisions. For many, this includes home ownership as a more secure investment that also provides for their practical needs.

Women are marrying later in life, if at all.  According to a 2018 Bank of America survey, single women prioritize home ownership more than their single male counterparts, and over many other priorities like getting married or having children. Indeed, for the many women attending graduate school and establishing their professional careers, home ownership seems to be an easier, more obvious, and more practical decision than marriage.

Women are often caretakers.  The US Census Bureau’s most recent analysis of custodial parents found that 80 percent of homes with a single parent were headed by women. In addition, estimates of female family caregivers for elderly or disabled relatives range from 53 to 68 percent. That means that for many women, stability and security for themselves and those they love lies, in part, in home ownership.

Women tend to be future-oriented.  By and large, studies show that women are more future-focused, making them adept at planning for future needs. While men may more successfully negotiate during the sales process, women buy real estate for the long haul, allowing them to take advantage of equity-building and appreciation. This means that they will be able to garner more of the advantages inherent in home ownership.

How can sellers make a home more appealing to female buyers?  When preparing your home for sale, you may automatically think in terms of married couples with children. However, with single women making up almost 20 percent of the people looking at your home, it pays to appeal to this growing group of buyers.

Offer reassurance regarding conditions  Emphasize upgrades and updates, new appliances, and other improvements so that the women considering your home won’t worry about unexpected and unpleasant surprise repairs. Consider being more accommodating on home inspection negotiations and providing a home warranty for the first year after purchase.

Focus on value-added improvements  Because many female buyers are focused on the long-term, emphasize the improvements you’ve made that add value to your home. If you’re working with a limited budget for changes, choose the ones that make the home more valuable—so she is building equity from day one.

Emphasize security features  Security monitoring and cameras, smart-home security systems, privacy fencing, hurricane protection, and more—these features reassure female homebuyers that they’ll feel safe in their new home. Ensure that the property description puts a focus on security features both in your home and in your neighborhood or building.

Gender-neutral marketing  Many of the terms we use in writing property descriptions unconsciously speak to a heterosexual couple with children: master bedroom or suitehis and hers closets or vanitiesin-law or au pair suite, among other holdovers from an older market. Instead, consider using owner’s suitedual closets or dual sink vanities, and guest suite.

Highlight multi-use spaces  A second owner’s suite or a downstairs guest unit can work in a variety of ways, especially for women who are single parents or caretakers. These can include:

  • Room for elderly parents or relatives
  • Room for a returning child post-college
  • Room for guests or a roommate

Think beyond a single use to a variety of ways that your space can work. That way, you’re emphasizing the adaptability of the home to the way your buyer lives.

Provide rental potential  Because single women don’t have a second income to draw on, they may be interested in taking on a renter in order to help with the mortgage. If you’re looking at ways to improve your property, consider finishing an apartment space above a garage or in a downstairs walk-out. This offers the buyer options that are ready to monetize on day one—and it adds value to her investment in the home.

#women #realestate #singlewomenbuyhomes #homesales #home #itsyourmove #greenisleblog

 

 

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What to Ask Your Realtor BEFORE Hiring!

When selling your home, it’s important to ask the right questions. Making sure everyone is on the same page throughout the home selling process is key to getting your home ready for the sale.

What is the typical time frame for selling?

This question is a great way to gain some perspective on the overall process and can make you all the more prepared for the sometimes long journey of putting a home on the market.

What is the best marketing strategy for selling?

This will vary based on location and other factors, but making a home stand out on the market is a common denominator regardless. Between social media, mailers, open houses, and solid listing photos, there are many options to choose from to make for a strong marketing plan.

How will the listing price be decided?

Money is obviously a large part of the selling process. Knowing the plan to reach a listing price is an integral part of the sale that you want to stay on top of and adjust accordingly.

What is the best way to stay in communication?

Does the team involved prefer calls, emails, or texting? Clarify ahead of time, and make sure the lines of communication are open for you to address any problems as they arise.

What does the staging process look like?

Depersonalizing your home is important and can take some time depending on how your interior is styled. There should be a solid plan for this step, even if it means getting an outside contractor involved to make your home market ready.

#homeseller #homesales #realestate #listingagent #home #itsyourmove #greenisleblog

 

 

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Mother’s Day is May 10th – Here are some flower options!

Mother’s Day may be celebrated a little differently this year, but that doesn’t mean it can’t be celebrated. Whether your mom is nearby or far away, don’t forget to give her the gift of flowers! A floral delivery is just what she needs during this time to put a smile on her face.

FTD

A wide variety of Mother’s Day bouquets are on full display on FTD’s website, so peruse the many options for one that’s just right for mom. They’ll even leave them at the doorstep for a no-contact delivery.

Winston Flowers

For those in Boston, New York, and Connecticut, head to Winston Flowers’ online shop to pick out a bouquet for a virtual delivery, and when they reopen, they’ll deliver the arrangement you picked out. It’s a great way to support a local business during this crisis.

UrbanStems

If your mom’s style is a little more eclectic, go for an equally quirky flower arrangement for Mother’s Day by choosing one from UrbanStems.

The Sill

Potted plants are another great way to show your appreciation for the mother figure in your life, and The Sill has beautiful options to pick from.

Venus et Fleur

For a luxurious rose bouquet sourced from Ecuador, Venus et Fleur creates designs that are sure to “wow” mom!

Afloral

With a vast array of artificial plants, dried flowers, and live succulents, Afloral is the online one-stop-shop for you.

1-800-Flowers

Another no contact delivery option, 1-800-Flowers is still prioritizing nationwide delivery. As the “official florist of Mother’s Day”, you won’t go wrong with a bouquet from this online service

#mothersday #mom #mother #greetings #love #itsyourmove #greenisleblog

 

 

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Is it the Right Time to Refinance?!

Everyone is changing their lives due to Covid 19 and we want to offer you one more option to save money.

If you own a home, one of the options to help reduce your monthly payments and save money is to refinance your home loan, and with this changing market, refinancing is certainly something to consider. This process won’t be for everyone, but it’s a good first step to take if you’re looking to save a little bit of money—especially right now.

Ask for help.

Once you’ve decided to look into refinancing your home loan, it’s a good first step to work with a real estate agent who can help you navigate the ins and outs of the process. There are a lot of different types of loans and methods for refinancing (which are touched on below). But an industry expert is the best place to turn for questions. An agent can also help you determine how much your home is worth on the current market—a determining factor in whether or not a refinance could bring you valuable equity.

The purpose of refinancing.

Refinancing can help you accomplish a variety of different things, including lowering your monthly payment, lowering your interest rate, paying off your loan more quickly, acquiring more equity, or a combination of these. Depending on what you’re trying to accomplish, you can make sure you select the best loan for your particular situation.

The different types of loans.

When you refinance your home loan, you are simply replacing your current loan with a new one. Homeowners have a few different options when it comes to refinancing:

Rate-and-term refinancing

This option allows you to change your mortgage rate (the percentage you pay per month) and the term of your loan (the length of time for payment). If your current mortgage rate is 3 percent over 30 years, you could refinance for a mortgage rate of 5 percent over 15 years, for example.

Cash-in refinancing

If you have the cash and are looking to potentially lower your mortgage rate or lower your insurance premium, this could be the option for you. Cash-in refinancing requires you to pay down your current loan in cash with your lender, ultimately lowering your monthly payment.

Cash-out refinancing

This option puts more risk on lenders and typically requires a more stringent approval process for homeowners. However, it could be an option for those looking to decrease the term of their loan. Although this option will increase the amount homeowners owe on their loan, it can be helpful for consolidation when multiple mortgages are taken out.

Do your research.

Know that when it comes to refinancing, you have options and resources at your disposal to help you. You don’t have to make the decision today, or even tomorrow, but if you are curious about the benefits of refinancing, it is always worth it to do your research and see if there is an option that best fits your current financial situation.

#refinance #mortgage #loweryourpayments #savemoney #itsyourmove #creditandlending #greenisleblog

 

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home loans mortgages

Rates DROP while Applications SURGE

As mortgage interest rates dropped to their lowest levels in over a year last week, home owners and buyers raced to submit their refinance and other loan applications before rates start going up again.
The number of overall mortgage applications surged 28.4% last week compared with the previous year, according to the Mortgage Bankers Association. They were up 18% over the previous week.
Refinance applications, in which homeowners will typically try to lock in lower rates, shot up the most, an astounding 58% from a year ago. They also jumped 38.5% from the prior week.
Meanwhile, purchase applications, for the loans used to buy a home, were up 9.8% from a year ago and rose 4.1% from the previous week.
Folks flooded the offices of lenders across the nation because the average rate for a 30-year, fixed-rate loan fell to just 4.06%, according to Freddie Mac. That’s the lowest it’s been since January 2018—and a significant drop from when rates hovered just under 5% in November.
These may sound like incremental changes, but even a single extra percentage point can add more than a hundred dollars to a monthly mortgage payment for a roughly $300,000 home. And that could tack on thousands, if not tens of thousands, of dollars over the life of a 30-year loan.
“Customers, especially in the refi market, are really interest-rate sensitive,” says Chief Economist Danielle Hale of realtor.com®. “It generally makes sense [for homeowners to refinance their mortgages] if you’re getting a lower interest rate, because that’s what’s really going to save you money.”
But refinancing a mortgage isn’t cheap. There are all sorts of costs associated with it, so it makes sense only if folks plan to stay in their abodes for at least the next few years.
The lower rates are also a windfall for cost-sensitive home buyers who worry about struggling to make high monthly mortgage payments.
“Purchase applications have now increased year over year for four weeks, which signals healthy demand entering the busy spring buying season,” Joel Kan, the Mortgage Bankers Association associate vice president of economic and industry forecasting, said in a statement.

home loans mortgages

#home #house #realestate #forsale #broker #greenislepropertiesblog

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Use Your VA Loan – YOU EARNED IT!!!

Broad Requirements
• The applicant must be an eligible veteran who has available entitlement.
• The loan must be for an eligible purpose.
• The veteran must occupy or intend to occupy the property as a home within a reasonable period of time after closing the loan. There are exceptions and workarounds in some cases. Talk with a lender about your particular occupancy situation.
• The veteran must be a satisfactory credit risk.
• The income of the veteran and spouse, if any, must be shown to be stable and sufficient to meet the mortgage payments, cover the costs of owning a home, take care of other obligations and expenses, and have enough left over for family support.

Credit & DTI Ratio
The VA doesn’t require a specific credit score for veterans and military members who want to use this benefit. But VA lender typically will, and it’s often around a 620. Credit score requirements can be different among lenders. Similarly, lenders will compute debt-to-income (DTI) ratios. This measure is a snapshot of a borrower’s monthly debts and payments compared to his or her gross monthly income. Despite the VA’s preference for borrowers to have a 41 percent DTI ratio or lower, lenders will often allow for higher DTI ratios. That, too, can be different depending on the lender.

Residual income

VA also has a requirement for residual income, or monthly income remaining after all major debts and obligations are paid. Residual income is measured to ensure borrowers and their families will have enough money to cover basic living costs (e.g. food, transportation), and amounts vary based on family size and part of the country. The VA loan program’s success in terms of low foreclosure rate is due in part to these residual income requirements.

VA Appraisal

Once the buyer gets under contract on a home, a VA appraisal is conducted to assess the market value and condition of the property. The VA appraisal is a required step in the process and isn’t the same as home inspection, which is more thorough but not required. A home inspection is usually a good investment and can be done before the lender orders the independent appraisal.
The VA appraisal provides an estimate of the value of the property compared to the price of comparable homes. The appraiser will also check the property’s condition against the VA’s Minimum Property Requirements (MPRs). The VA wants to help ensure veterans buy homes that are safe and sound. Being familiar with MPRs will curtail frustrations if any red flags while you’re home shopping. Properties that are valued below what you agree to pay present an issue. Generally, veterans can seek a Reconsideration of Value, make up the difference themselves or walk away from the purchase and look for another home. Some property condition issues will need to get fixed before the loan can close.

#vamortgage #valending #home #realestate #house #broker #greenislepropertiesblog

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What Loan is Right For You?

CONVENTIONAL / FIXED RATE MORTGAGE
Conventional fixed rate loans are a safe bet because of their consistency — the monthly payments won’t change over the life of your loan. This is your standard, plain-vanilla mortgage. Typical in 15 and 30 year terms there are options for as low as 3% down payment with mortgage insurance. A standard 20% down conventional loan is without mortgage insurance.

FHA LOANS
These are mortgages guaranteed by the Federal Housing Administration. They come with built-in mortgage insurance to protect against the possibility of not being able to repay the loan. The required down payments are currently a minimum of 3.5% with these loans.

VA LOANS
These loans make it easier for veterans of the U.S. armed forces, and sometimes their spouses, to buy homes. They don’t require a down payment and are guaranteed by the Department of Veteran Affairs. There is a VA funding fee which is rolled into the loan.

INTEREST-ONLY MORTGAGE
Interest-only mortgages give you the option, during the first five or 10 years, to pay only the interest portion of your monthly payment instead of the full payment. You aren’t required do this. This slows down your repayment time but can be useful in a pinch. Afterward, the rest of the mortgage is paid off in full like a conventional mortgage.

ADJUSTABLE RATE MORTGAGE (ARM)
There are many different ARMs. The basic idea is that their interest rate changes over time throughout the life of the loan. The rate changes reflect changes in the economy and the cost of borrowing money. A common ARM is called the 5/1 loan — the interest rate stays the same for the first five years and then is free to change for the remaining 25 years.

#mortgage #lending #home #realestate #house #broker #greenislepropertiesblog

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