Joe Resendiz's (joeresendiz) Blog

Industry Observer - ValuePenguin
When you apply for a mortgage, one of the first things a lender will look at is your credit score. To qualify for a conventional loan, you’ll need a score of at least 620. For an FHA loan, commonly used to help first-time homebuyers and people with credit issues, you must have a minimum score of ...
If you're considering renovating your home, you’re in good company. Americans typically spend over $400 billion a year on home renovation projects and repairs. But not all home improvement projects translate into an increase in home value. In fact, making the wrong moves during renovations could ...
If your client is looking to finance a second home, they are in good company. According to data from the National Association of Realtors, 72% of vacation homes are bought with a mortgage. One alternative to a traditional mortgage that some borrowers consider is a home equity loan or home equity ...
A real estate sale is often more than just a financial transaction. Our homes offer shelter and they give us a sense of place and belonging. We fill them with memories and mementos, and we associate them with the family or friends who lived there. That’s why selling an inherited home can be such ...
If your clients are looking for a change of pace, they're not alone. According to the U.S. Census Bureau, the average person moves 11.7 times throughout their life. Many are setting their sites on up-and-coming cities or states, such as North Carolina. The Tar Heel state saw an 8.9% growth in pop...
Nothing can be more disheartening during the homebuying process than being denied a mortgage. Fortunately, receiving a rejection doesn’t mean a buyer has to give up on the dream of homeownership. With some education and a game plan, prospective homeowners can move forward after a mortgage denial....
While it is possible to get a mortgage when in debt, home shoppers should be aware of the impact it has on the mortgage process.  Prospective buyers are sometimes surprised to discover that their debt load could lead to a higher interest rate, lower loan amount or the need to come up with a large...
It is common for New Jersey Realtors to work with individuals and families looking to relocate from New York City or Philadelphia. While many city-dwellers think they will never move to the suburbs, there often comes a time when it is necessary to trade the bustle of city life for something quiet...
Real estate agents often operate alone, but teamwork can make the homebuying process more pleasant for clients and agents alike. That’s why it’s common for real estate agents to have a go-to list of vendors to offer prospective buyers, ranging from contractors to mortgage lenders and home inspect...
More than 32 million people moved in 2018, mostly in Florida and other southern states. Individuals may choose to move for a better home, new job opportunities or family needs, but in most cases, real estate agents are their trusted guide.   Occasionally, you may work with a client who is moving ...

Joe Resendiz

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