peter@mytrianglehome.com Blog

Why Is There So Much Paperwork to Sign to Get a Mortgage? We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each...

Real Life vs. Reality TV: 5 Myths Explained Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV ‘show hole’*? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Flip or Flop,” “Property Brothers...

2 Myths About Mortgages That May Be Holding Back Buyers Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Studyrevealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Myth #1: “I Need a 20% Down Payment” Fann...

Saving to Buy a Home? Do You Know the Difference Between Cost & Price? As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home. M...

Is Now the Right Time to Put Your House on the Market …or Not? Last week, the National Association of Realtors (NAR) released their Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings. The report revealed that this May’s numbers weren’t quite as good as ...

3 Reasons to Buy Luxury Property THIS Year!! The housing market is hot, with prices rising as demand far outpaces supply in almost every region. However, when it comes to luxury real estate, things are quite different. In the upper-end market, inventory is plentiful in most locations. For that re...

Gap Between Homeowner’s & Appraiser’s Opinions Narrows Slightly In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for appraisers to fin...

Hurry Up and List Your House TODAY!! That headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The May numbers are not in yet, but the April numbers ...

Do Homeowners Realize Their Equity Position Has Changed? Yesterday, we reported that according to CoreLogic’s latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% yea...

74% of Households in the US Now Have Significant Equity! CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, while 74% now actually have significant equity (defined as more than 20%)! The report also revealed that 268,000 househo...