• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

CENTURY 21 Alliance Realty Group's Blog

Planning to Sell Your Home Soon? Do This First!

Put yourself in a buyer's shoes and walk through each room of your house, and evaluate every area of your home, inside and out.  Be honest with yourself.  If you were looking to buy in your neighborhood, what would you think about your own house?

Make a list of items that need to be repaired or replaced, and things you can do to make your home more appealing.

For example, start in the entryway and make a list:

Beacon Named Top Northeast Destination by Getaway Mavens

Getaway Mavens, a travel website that specializes in finding eclectic getaway locations with unique shopping, dining and lodging experiences has selected Beacon as the top getaway location in the Northeast!  

Beacon earned this spot because of Dia:Beacon, a world-class art museum and tourist attraction, Bannerman Castle, as well as a plethora of one-of-a-kind shopping experiences, craft wines and beers, unique dining for all tastes, and some great hotels and bed & breakfasts.  

Read the post about Beacon on Getaway Mavens website to remind yourself of all the reasons Beacon is a great place to visit . . . and to live.  

Also check out their list of the top 20 places to visit in the Northeast.

How Is YOUR Mortgage Interest Rate Determined?

The good news for buyers is that mortgage interest rates continue to hold below 4%.

Freddie Mac's weekly survey of lenders showed that for the week ending January 7, 2016, the average rate for a 30-year fixed-rate mortgage was 3.94% with an average of 0.6 point, and the 15-year fixed-rate mortgage averaged 3.26% with an average of 0.5 point.

Those are average rates, not the rates that everyone will get.  Understanding the factors used to determine the interest rate that you may be offered are important to help you make good decisions.  What are they?

  • Credit Score
  • Home Location
  • Home Price and Loan Amount
  • Down Payment
  • Loan Term
  • Interest Rate Type
  • Loan Type

The Consumer Financial Protection Bureau has a thorough explanation of how all these factors work together to determine the interest rate and an interactive tool to help you understand how interest rates change as each factor changes.  The more you know about it, the better equipped you will be to find the best mortgage to fit your needs (and save you money!).