Optima Properties' Blog

  .So, you’re moving to a new home. Congratulations! Whether you’re traveling across town or across the country, here are some tips for making moving day as easy and stress-free as possible for the entire family, including your beloved pets. To read the full article visit, Optima Properties' Blog

 On November 13, 2013, the Consumer Financial Protection Bureau issued a rule regarding changes to current early disclosure and closing documentation used on mortgage loan transactions.  Anyone in the real estate or mortgage industry should understand that new regulations called TRID (TILA/RESPA ...

This year is already shaping up to be the year of the boomerang buyer, or the repeat homebuyer.   As it is now seven years since the housing crash, there are many buyers who experienced a financial hardship in the recent past who are getting back into the market to purchase a home again in 2015.T...

For most people, buying a home is the largest and most significant purchase they’ll ever make. Hiring a real estate attorney early in the process will protect you against the unexpected, and ensure a smooth and low-stress closing. Every state and sometimes regions within states have differing req...

 If you are in your 20s and 30s and have ever even considered buying a home, you are positioned to take advantage of record low interest rates. Even if you have just graduated with student loan debt, have not saved the traditional 20% down payment, and worry that there are no homes available to p...

   Adjustable rate mortgages are loans with variable interest rates that change according to the market rates, as opposed to fixed rate mortgages, which guarantee a set rate for the entire period of the loan. ARMs may seem like a great idea some years, but in other years, you may wonder what you ...

5 year fixed mortgage could be a new solution to those who want to avoid long-term loans. As traditional lenders advertise 30, 15, or 10-year mortgages, the new idea has been emerging in the credit union industry - it is a 5 year fixed mortgage. While banks and mortgage companies are limited by ...

Your home is more than an investment and a place to live—it also can be a valuable source of tax deductions. For many homeowners, one of the biggest itemized deductions on Form 1040 is the  one for qualified residence interest (commonly called the “mortgage interest deduction”). In the usual situ...

Buying a fixer upper  home comes with some unique advantages. For one, the price point for a fixer upper home  will be lower than a comparable home that is in excellent shape. By paying less for a fixer upper home, you can have more of an opportunity to customize and tailor it to fit your unique ...

If you’re hoping to become a homeowner it is highly likely that you’ll need a mortgage.  Before house-hunting ever begins, it is good to know just how much you can afford to borrow.  All prospective homeowners must go through the process of getting pre-approved to see if they qualify for the loa...