Jake McGuire

REALTOR ®
License#:

Blog

Decoding the Different Types of Mortgage Loans

By Jordyn Windnagle - February 19, 2024
The NAR’s 2023 Home Buyers and Sellers Generational Trends reported that 78% of all buyers financed their home purchase. Mortgages represent nearly two-thirds of consumer debt in the US and most come with a 30 year term. While mortgages are generally considered “good debt” because they provide stability and equity, it’s critical to choose the best loan type for your situation given that your mortg

2024 Market Predictions

By Jordyn Windnagle - January 29, 2024
It’s that time of year again where we try to gain some clarity on what the coming year will bring for the housing market. Without a crystal ball, it’s impossible to say with 100% certainty what 2024 has in store for our industry, but we can look to the analysts who run these numbers day in and day out to see what they predict. First, to understand where we’re currently at, you need some insight

Own Your Own Home Day: The Financial Benefits of Homeownership

By Jordyn Windnagle - January 21, 2024
The 21st of January is National Own Your Own Home Day— a celebration near and dear to our hearts at Danberry! Becoming a homeowner is a significant achievement that comes with many benefits, such as equity, freedom, and stability. As Habitat for Humanity explains: “Homeownership promotes wealth building by acting as a forced savings mechanism and through home value appreciation. Homeowners make

2024 Real Estate Resolutions: Tips for Becoming a Homeowner in the New Year

By Jordyn Windnagle - December 28, 2023
One of the most significant ways to build wealth is through homeownership. Due to dramatic increases in property values, the majority of American homeowners have gained more than $100,000 in equity over the last decade. As NAR Chief Economist Lawrence Yun explains, “A monthly mortgage payment is often considered a forced savings account that helps homeowners build a net worth about 40 times high

Title Insurance: Safeguarding Your Real Estate Investment

By Jordyn Windnagle - December 18, 2023
Title insurance is a crucial component of real estate transactions that shields against potential ownership disputes and unforeseen issues that may arise with a property's title. Unlike other forms of insurance that protect against future events, title insurance focuses on the past, safeguarding buyers and lenders from pitfalls linked to the property's history. When you purchase a home, you are no

A Word of Advice From the Professionals: Danberry Realtor's Top Tips for Real Estate Investing

By Jordyn Windnagle - December 14, 2023
Purchasing income properties opens a realm of possibilities for financial growth and long-term prosperity. Whether you're a seasoned investor looking for advice on managing your rentals, or a first-time buyer hoping to diversify your portfolio, the expertise of real estate professionals can be your guiding light in navigating the intricacies of this endeavor. Check out the invaluable insight bel

Common Issues That Arise During an FHA Appraisal

By Jordyn Windnagle - August 31, 2023
The Federal Housing Administration (FHA) is part of the US Department of Housing and Urban Development. FHA mortgage insurance was created in 1934 to protect lenders against losses. The purpose is to expand homeownership opportunities by offering lenders less risk so that they can provide more mortgages. If a property owner with an FHA mortgage defaults on their loan, the administration pays the l

Unpacking Buyer Trends For National Homeownership Month

By Jordyn Windnagle - June 07, 2023
Happy Homeownership Month! Every June, we come together to recognize the importance of owning a home and the countless benefits it brings. Whether you're a first-time home buyer, a seasoned homeowner, or someone contemplating the idea of homeownership, this month is dedicated to exploring the joys, challenges, and rewards of owning your own piece of the American dream. To commemorate Homeownershi

Changing Dynamics: The Growing Trend of Multigenerational Housing in Modern America

By Jordyn Windnagle - June 01, 2023
The National Association of Realtors recently released its 2022 Profile of Home Buyers and Sellers. An interesting trend noted in the report is that multigenerational home buying has become increasingly popular. The research shows that 14% of all home buyers last year purchased a multigenerational home. Having multiple generations living under the same roof was the norm through the 19th century,

5 Essential Factors to Consider Before Buying a Property

By Jordyn Windnagle - May 23, 2023
Purchasing a property is a significant decision that requires careful consideration and research. Beyond cosmetic qualities, price, and the physical condition of the home, there are several other factors that buyers should examine before completing their purchase. Doing your due diligence on these items will help you to be a more informed and confident homeowner. 1. fema flood maps Before buying

Celebrating National Auctioneers Day With Amlin Auction

By Greg Zielinski - April 20, 2023
National Auctioneers Day is celebrated on the third Thursday of April to honor auctioneers and the practice of auctioning. It takes place on April 20 this year. The holiday is the initiative of the National Auctioneers Association and has been celebrated since 1996. The word auction is derived from the Latin word auctum, which translates to "I increase." An auction is the process of conducting ope

Understanding Closing Costs

By Jordyn Windnagle - March 02, 2023
Whether you're a buyer or seller, it's crucial that you have a good understanding of your closing costs when entering into a purchase agreement. Real estate deals involve many different professionals and property fees. On average, buyers can expect to pay 2-6% of the home's purchase price while sellers typically pay 8-10% of the sale price. Seller fees are often higher because of Realtor commissio

Search

Danberry Realtors is powered by Burrow Services, Inc.