Posts from January 2022

The Reasons Gen Z Want To Become Homeowners

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Not sure how to get your house ready to sell? Fortunately, there are steps you can take before putting your home on the market to maximize your sales price.  From cleaning and staging to repainting and depersonalizing, here are things to do before you sell your home.

How to Get Your House Ready to Sell

Contact a Gambino Agent:

A Gambino Agent will give you a market analysis on your home to determine the sales price and present ideas on how to maximize your sales price and get your home ready to show.

Buy more light bulbs:

Go ahead and stock up on light bulbs. When showing your house to potential buyers, all light fixtures and lamps will need to be turned on. For this reason, it's important that all lights in your home have working light bulbs and are all in the same color hue (warm vs. cool).

Give your house a d...

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As you set out on your home buying journey, you likely have a plan in place, and you're working on saving for your purchase.

But do you know how much you actually need for your down payment?

If you think you have to put 20% down, you may have set your goal based on a common misconception. Freddie Mac says:

"The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary."

Unless specified by your loan type or lender, it's typically not required to put 20% down. According to the Profile of Home Buyers and Sellers from the National Association of Realtors (NAR), the median down payment hasn't been over 20% since 2005.

It may sound surprising, but today, that number is only 13%. And it's even lower for first-time homebuyers, whose median down payment is only 7...

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Once you've found your dream home and applied for a mortgage, there are some key things to keep in mind before you close. It's exciting to start thinking about moving in and decorating your new place, but before you make any large purchases, move your money around, or make any major life changes, be sure to consult your lender – someone who's qualified to explain how your financial decisions may impact your home loan.

Here's a list of things you shouldn't do after applying for a mortgage. They're all important to know – or simply just good reminders – for the process.

1. Don't Deposit Cash into Your Bank Accounts Before Speaking with Your Bank or Lender.

Lenders need to source your money, and cash isn't easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper wa...

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