Real Estate - Buying or Selling?
Frequently Asked
Mortgage Questions
Does the term
“amortization” leave
you perplexed? Are
you unsure how preapproval
differs from
prequalification?
If so, you’re not
alone. Here are some
mortgage basics to
help you become
more familiar with the
process.
What’s the difference
between prequalification
and preapproval?
Getting prequalified
is often the first step
when searching for
a home. You supply
basic financial information, such as your income, assets and debts,
and the lender then provides a preliminary estimate of the amount for
which you may qualify.
Preapproval involves an in-depth look at your finances and usually
requires an application fee, but this process brings you closer to
determining your potential interest rate and monthly payment. Being
preapproved also puts you in a better position in a competitive market
because it shows you have your finances in order.
What is amortization?
Amortization is the process of paying off a home loan’s principal and
interest over time within a consistent, planned repayment schedule.
In the beginning, a large portion of each payment goes toward interest,
but as the loan matures, larger amounts go toward paying down
the principal.
What types of loans are there?
Fixed and adjustable rate mortgages operate as their respective
names imply. The former has a rate that stays the same for the life
of the loan. The latters rate may start low, but it can increase after a
predetermined period or depending on market conditions.
Government-guaranteed mortgages include FHA and VA loans.
These are usually easier to qualify for and typically require lower
down payments than other types of loans.
ACCOUNTANT
BUSINESS / INDIVIDUAL
Tax Planning
Preparation
Bookkeeping
Business
Start Up
Counseling
Are you having
problems with
the IRS? Nils R. Lenz, MBA, RTRP
Give me a call.
813-782-9491
ENROLLED AGENT QUALIFIED TO PRACTICE BEFORE THE IRS
B&N LENZ ENTERPRISES
37023 Pepper Drive, Zephyrhills, FL 33541-3613
Staging Tips for a
Quick Home Sale
In real estate, staging a home and selling a home often go
hand in hand. Though the process can be involved, the results
are indisputable. Need some help executing an effective home
staging? Follow these helpful tips.
Clear Clutter - Not only will decluttering your property make
moving day easier, but clearing space also gives viewers room
to visualize themselves living in your space. Some items you
can sell or donate outright. What about the housewares or
sentimental objects you want to hold on to but need to remove
to optimize showings? Give them a temporary home in a storage
unit or portable moving container.
Set Up Your Space - Focus on staging the rooms that see the
most action: the living room, kitchen and master bedroom. If
reinventing multiple rooms in your home is too expensive, you
do have the option of renting furniture and accessories. It’s a
quick way to supply art for the walls, lamps to improve lighting
or even an entire suite of furniture.
Hire Help - Some homeowners aren’t up to the task of a full
home staging, and that’s OK. Some selling agents offer the
service as part of their contract, or you can hire an independent
home stager to complete the job. The latter provide a
valuable service. They should be able to help you achieve the
aesthetic your home needs for a faster sale.
Open 6 Days A Week • We Deliver, Set Up & Remove
37216 Chancey Road, Zephyrhills, FL
813.788.6602
Mon. thru Fri.
9am-5pm
Saturday
9am - 4pm
O A k l U
New & Gently
Used Furniture
Accessories,
Bedding,
& More
Furniture & Decor
to Enhance Your
2018 New Year!
813-682-9364
January 2018 Community Magazine 13