Is it harder to get a home loan if you are self-employed?

remaxofalyeska Real Estate Leave a Comment

When you’re self-employed, getting a home loan is going to be a little more involved than if you were a salaried employee. There’s more paperwork, tighter qualifying rules, and you’ll need to show a stable income. The good news is, it’s getting easier for you and 14 million other Americans who are self-employed to get approved. Recently, Fannie Mae released …

Preventing Dryer Vent Fires

remaxofalyeska Real Estate Leave a Comment

According to the National Fire Protection Association, US fire departments respond to about 15,000 home structure fires involving clothes dryers annually, which kill or injure over 400 people per year (with $225+ million in property damage). The biggest problem is that you generally only view the front and sides of the dryer. Unfortunately, it’s the business end of dryers that …

How is your Purchasing Power affected by interest rates

remaxofalyeska Real Estate Leave a Comment

As home interest rates go up, what’s the big deal? Have you wondered exactly how rising interest rates affect your purchasing power? As you can see in the chart above, rising interest rates do have a significant effect. An interest rate hike of 1% can reduce your purchasing power by as much as 10%. The more you know the better!

“Coming Soon” to a Market Near You

remaxofalyeska Real Estate Leave a Comment

Have you been wondering why you are seeing more and more “Coming Soon” signs, and what it’s all about? Recently, the Alaska MLS changed its rules to allow properties to be advertised as “Coming Soon” before they are in “Active” status. The new “Coming Soon” category allows a property that is within 15 days or less from being ready to …

Should I Rent or Buy a Home?

remaxofalyeska Real Estate Leave a Comment

Choosing whether to rent or own a home is not an easy decision. It requires you to carefully examine the factors and costs associated with each option. Which is better? That depends. Your unique economic situation, lifestyle and goals play the largest part in deciding what is better for you. It’s important to go into your calculations with open eyes. …

Things You Shouldn’t Do When Buying a Home

remaxofalyeska Real Estate Leave a Comment

The last thing in the world you would ever want is to spend a bunch of time searching for a home, finding that perfect place and then not being approved for your mortgage. There are also many common mistakes homebuyers make that could make the process much more painful than it has to be. We’re writing this article because we …