Wendy Johnson - RE/MAX Professional Associates



Posted by Wendy Johnson on 11/25/2020

If you’re a first-time buyer, odds are you’ve never seen or heard much about mortgage applications. However, for something as important as buying a home, it pays off to go into the process knowing what to expect.

Mortgage applications aren’t all that complicated in and of themselves. Most of the time, your chosen lender will walk you through the process and answer any questions that arise. However, complications do arise when it comes time to provide documentation on things like your income.

To make things easier for your first application, I’ve put together this list of frequently asked questions that first-time buyers often have about their mortgage application process.

Will applying for a mortgage hurt my credit score?

Mortgage lenders will run a credit inquiry to help determine your lending eligibility. There are two types of credit inquiries: hard and soft. A soft inquiry is a quick credit check that doesn’t affect your credit score. A hard inquiry, on the other hand, does. This means your score will be lowered slightly for a few months and then will bounce back.

Mortgage lenders run both types of inquiries. For quick, pre-qualifications, lenders typically run a soft inquiry. Then, as you progress through the approval process, they’re run a detailed credit report (hard inquiry).

What information should I have available?

Lenders will ask you for various documents. The most common things they will ask for include proof of income in the form of  W-2 forms from the previous year and your most recent pay stub. They will also require a record of your other debts, including student loans, auto loans, credit card debt, and any other outstanding debt that you owe. Finally, they will ask for an inventory of your assets. This could include investments, properties, auto titles, and more.

What if I don’t work a conventional job?

People who are self-employed or have unconventional income can still qualify for a loan and will still be required to show proof of income. Lenders may ask for Form 1099 records, tax returns, or any other record or proof of income you have available.

How long does it take to complete an application?

Mortgage applications can be completed as quickly as you gather the required documentation. However, there’s more to getting approved for a mortgage than filling out an application. There will be time needed to process the application, and underwrite your mortgage. This entire process typically takes between 30 and 45 days.

Is it safe to apply for a mortgage online?

Most lenders allow you to start the application process online and their online portals are typically secure. Make sure you check your browser window to ensure that the connection to the site is secured, and you should have nothing to worry about.

Keep in mind that most online applications are designed to get you  prequalified and on your way to getting a mortgage. So, if you want to avoid getting calls from the lender, you might not want to enter any data until you know you’re interested in borrowing at this time.





Categories: Uncategorized  


Posted by Wendy Johnson on 11/18/2020

Photo by Media Design and Media Publishing via Pixabay

Dark colors can be striking in any home, but too many darks can make your home seem gloomy and depressing. Fortunately, simple changes and choices can help you create a space with a dark palette that is attention-getting, not depressing.

Lighting Matters

Lighting at various levels matters for any space; the right setup of lights from above, on tabletops and even as accents for artwork visually brightens and expands a space. This effect is even more important when you have a darker wall color and furnishings. Make sure your room has adequate light and your space will look cozy, not grim and overly dark.

Go for the Gloss

When it comes to paint for your walls, doors and trim, you have several options ranging from flat, matte finishes to shiny, glossy surfaces. Choose glossy finishes to make your walls and trim pop, even in a dark room. Flat paint will absorb light and look dull, but glossy finishes will reflect light and brighten up your space. Use satin and semi-gloss on walls and accessories, and high gloss on trim for best results.

Soften with Textiles

Dark spaces can lose their impact if everything blends together. Incorporate some texture and color using throws, pillows and other textiles. These items can pull your space together, offer some contrast and ensure your room is striking, not gloomy, too.

Choose Dark, not Black

Navy, deep eggplant and burnt umber are all dark shades that still have interest and color; use one of these rich shades instead of black for your walls and furnishings. You’ll get the striking results you want without the Halloween-like appearance.

Use Mirrors to Reflect Light

Mirrors help bounce natural light from your windows around the room and liven up the space. Mirrors or reflective metallic surfaces help add highlights and interest to your space and make it more visually appealing.

Use Colorful Artwork

Dark doesn’t mean colorless or boring. Choose bold artwork and showcase it on your darker walls. You’ll not only highlight your favorite pieces, you’ll get a look worthy of an art gallery, right in your home.

Use a Variety of Shades

Dark furniture against a dark wall on top of a dark rug will look flat and boring. Opt for a palette of colors that work well together instead of a single, unified shade. You'll create a more interesting space and avoid a gloomy, foreboding look, too. 

Used correctly, dark colors can have a striking impact on any space and allow you to create a room that is uniquely yours -- use one or more of the ideas above to incorporate darker shades the right way and you'll end up with a look  you'll love. 




Categories: Uncategorized  


Posted by Wendy Johnson on 11/11/2020

Looking to sell your home? If so, it often pays to learn about the real estate market.

A knowledgeable home seller understands how to operate in any housing market conditions. As such, this individual can plan a successful home selling journey from day one until the final closing date.

Ultimately, there are many best practices for selling a house, and these include:

1. Clean Your House Both Inside and Out

A homebuyer's first impression of your house likely will impact his or her decision to submit an offer on it. Thus, if your home has a pristine exterior and interior, you can increase the likelihood of generating plenty of interest in your residence.

To boost your house's curb appeal, you should mow the front lawn, trim the hedges and perform myriad home exterior maintenance. Also, if there is chipped or cracked siding or other home exterior issues, you should complete assorted home exterior repairs as soon as possible.

When it comes to your home's interior, you should allocate significant time and resources to clean and declutter. Mop the floors, wipe down countertops and clean each room of your house. In addition, remove excess items from your home to show off the full size of your living space.

2. Conduct a Home Appraisal

What your home is worth today is unlikely to match what you initially paid for your house. Fortunately, a home appraisal can provide you with a good idea of the current value of your house based on its age, condition and other factors.

During a home appraisal, a property appraiser will evaluate your residence. Then, the appraiser will provide a property valuation.

With a property valuation in hand, you'll be able to establish a competitive price for your residence. And as a result, you can boost your chances of a quick home sale.

3. Collaborate with a Real Estate Agent

Selling a home may seem like a long, arduous process. However, if you collaborate with a real estate agent, you can take the guesswork out of selling a residence.

A real estate agent will learn about your home selling goals and help you plan accordingly. Therefore, if you need to sell your house quickly, a real estate agent is happy to assist you. Or, if you prefer to take a wait-and-see approach to the housing market, a real estate agent can help you do just that.

Furthermore, a real estate agent is a home selling expert who can provide recommendations and suggestions. If you have questions about how to upgrade your house's exterior, a real estate agent can put you in touch with local landscapers and contractors. Comparatively, if you're unsure about how to price your house, a real estate agent can provide you with housing market data to help you make an informed decision.

When it comes to selling a house, working with a real estate agent is ideal. Reach out to a local real estate agent today, and you can seamlessly navigate the home selling journey.




Categories: Uncategorized  


Posted by Wendy Johnson on 11/4/2020

There's nothing more satisfying than knowing exactly what you want and taking the necessary steps to get it!

Whether you're searching for the right job, your soul mate, or the home of your dreams, being clear about the results you want can help pave the way for success.

When it comes to house hunting, there are several ways to increase your chances of finding a wonderful home that meets all your criteria. By being organized, focused, and goal oriented, you'd be amazed at what you can accomplish!

Create a priority list: While a certain amount of flexibility is crucial when you're in the market for a new house, there are some things that are essential to your happiness and wellbeing. Those would be considered "must haves" or non-negotiable items.

Unless you already know exactly what you want, a priority list can help you sort out the countless options, features, and expenses you'll be weighing as you explore available listings in your price range. Your priority list can include everything from architectural style and backyard space to number of bathrooms and kitchen layout. There are literally dozens of things to consider, such as the character of the neighborhood, amount of storage space inside and outside the house, and commuting distance. Many house hunters also have a strong preference for features like working fireplaces, screened in porches, and first-floor laundry rooms. If privacy is among your top priorities, you'll want to pay extra close attention to factors like distance between houses, fencing, trees, and hedges.

Choose the right real estate agent: Although most real estate agents are knowledgeable, resourceful, and easy to work with, you don't necessarily want to sign on with the first one you meet. By talking to two or three, you can choose the one who instills the most confidence in you. Ideally, he or she should have ample experience as a buyers' agent and be familiar with the specific neighborhoods in which you're interested. It's also important that you feel comfortable with them and that you can cultivate a smooth working relationship. If you have any misgivings about their accessibility, communication style, or responsiveness, then they might not be the ideal match for your needs.

Although personal recommendations from friends and family is often the best way to find a top-notch real estate agent, online reviews can provide you with helpful insights into an agent's professionalism, personality, and track record. Most agents would also be more than happy to provide you with references of recent and current clients to contact.

While real estate professionals enter the profession for a variety of reasons, most agents genuinely enjoy working with people and get a lot of satisfaction from helping them find the house of their dreams.





Posted by Wendy Johnson on 10/31/2020


10 Budd Dr, Dudley, MA 01571

Single-Family

$247,900
Price

6
Rooms
3
Beds
1
Baths
HERE today GONE tomorrow.....just like the SNOW! This lovely Ranch style house is ready for you to call home. Family Room is open to kitchen and dining area and features a large bay window, updated kitchen with lots of cabinet and counter space, master bedroom is large with extra room for all your furniture, office desk or exercise equipment! Other 2 bedrooms are ample size and have laminate wood flooring. Enjoy a barbecue on your pressure treated deck that runs the entire length of the back of the home and overlooks the beautiful wooded yard. 1 car garage has an attached work area and includes an air compressor. NEW ROOF to be installed prior to closing, NEW HOT WATER HEATER to be installed. Great starter home, OPEN HOUSE SUNDAY 11/1 12-1:30. No appointment needed. Masks must be worn and covid guidelines will be followed for everyones safety.
Open House
Sunday
November 01 at 12:00 PM to 1:30 PM
Open House in person. No appointment needed. Masks must be worn and 2 sets of buyers in at a time.
Cannot make the Open Houses?
Location: 10 Budd Dr, Dudley, MA 01571    Get Directions

Similar Properties





Categories: Open House