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So far Brian Carpenter has created 90 blog entries.
14 06, 2016

Affordability of housing markets

By |2018-07-02T09:40:12-05:00June 14th, 2016|News|0 Comments

Searching for a property in the Oxford housing market may require some patience these days. Oxford housing market can be pricey for some buyers While mortgage rates are hovering near record lows, the Oxford housing market is in very tight supply. Consequently, many sellers have increased their home prices too high for some potential buyers, both first-time and move-up buyers. Despite low down payments, buyers are now using a much higher portion of their annual income to make the investment. This trend is especially prevalent in the case of the first-time buyer and Millennials and [...]

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27 04, 2016

Dwindling Housing Inventory

By |2020-02-19T10:57:18-06:00April 27th, 2016|Property Value|0 Comments

Many buyers are running out of options due to the low housing inventory in Oxford, MS. Few options for housing inventory in Oxford, MS market are remaining With today's low mortgage rates, it seems everybody would be looking to buy a home. While many buyers are looking, rising home prices and low housing inventory in Oxford, MS has caused a lot of issues. This is especially true for first time buyers. The quick inventory turnover has lead to many new builds and consequently, the prices are driven higher with the rising demand. With unemployment [...]

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31 03, 2016

Property Value: The Seniors Growing Nest Egg

By |2020-02-19T10:57:24-06:00March 31st, 2016|Homeowners|0 Comments

There has been a tendency in recent decades to view the home equity as yet another financial investment. Waiting out the recession was tough for many, as jobs were scarce and defaults became rampant. However, for seniors that were able to endure the recession and hold on to their homes, there may be a light at the end of the tunnel. Property value to the rescue! Over 70% of Americans over the age of 65 are homeowners. Seniors now hold a huge stake in the countries home equity, a whopping $5.83 trillion to be [...]

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11 03, 2016

Remodeling 101: The Cost is in the Kitchen

By |2020-02-19T10:57:29-06:00March 11th, 2016|Building, Homeowners, Projects|0 Comments

A killer kitchen will leave the home buyers with a great impression over than anything else you can do. Where to start when you remodel? Remodeling your home can greatly increase its value, as well as make it much more welcoming to buyers. Of all the rooms in a house one of the most expensive to remodel is the kitchen. But the kitchen also has the most value as many have recognized the kitchen is the most popular room in the house. From new appliances to granite counter-tops and cabinetry, it is easy to go [...]

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9 03, 2016

Can a pre-approval letter hurt a buyer

By |2020-02-19T10:57:34-06:00March 9th, 2016|Home Buyers, Lending|0 Comments

Preapproval letter pain? Once a buyer finds a home to make an offer, buyers in need of financing go a lender and receive preapproval for an amount. Most preapproval letters are valid for 60-90 days depending on the bank. Typically, buyers share the preapproval letter with the seller(s) after 24 hours of the offer acceptance. Therefore, the preapproval letter needs to completed for the buyer before an offer is presented. The fear of the buyer is that once the seller sees the preapproval amount, the seller will immediately counter offer. There is no reason to allow [...]

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2 03, 2016

Low down-payment mortgage programs

By |2020-02-19T10:57:39-06:00March 2nd, 2016|Lending|0 Comments

Non-traditional forms of credit offer low-down payment terms Low down-payment mortgages are an option to consider when credit scores are low. A new trend in lending is offering its mortgage loans with a near zero low down-payment. Bank of America has recently rolled out a lending plan that will offer its customers mortgages at only 3% down. Of course, there are negative consequences of low down-payment programs such as FHA loans. Notably, low down-payment requirements create higher monthly payments. Consequently, the borrower will pay higher interest amounts over the life of the loan than [...]

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26 02, 2016

Design resources for your next home build

By |2020-02-19T10:57:45-06:00February 26th, 2016|Building|0 Comments

Have you selected the perfect lot for your new home build plans? As you have likely discovered, Oxford has no shortage of new housing developments that seem to have no end to construction. Among these continual growth neighborhoods are Grand Oaks, Wellsgate, The Highlands, The Lakes, and Northpointe as well as many others. As of 2016, new home build will continue expansion for the foreseeable future considering the small amount of housing inventory. Finding your next home can be as easy as finding the next lot in your neighborhood of choice. Each of these planned development [...]

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4 02, 2016

Is it time to refinance with the current low interest rates

By |2020-02-19T10:57:55-06:00February 4th, 2016|Lending, News|0 Comments

While it may take some time to cross the break-even point, a refinance is a good idea if you are planning to stay put for awhile. Pros of refinancing your mortgage There has been a lot of buzz in real estate news lately due to continually decreasing mortgage rates. Low mortgage rates are not normal throughout financial history. Current rates are nearing historic lows. For historical data about mortgage rates, check out Freddie Mac archival data recorded since 1971. Mortgagors need to be give serious analysis to these low-interest conditions when they do occur. [...]

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22 01, 2016

USDA/RHS Rural Home Development Loan

By |2020-02-19T10:58:01-06:00January 22nd, 2016|Lending|0 Comments

Rural home development loan options Rural locations have a lot of financing flexibility for qualified buyers. USDA/RHS Rural Development Home Loan can provide an a great alternative to a conventional mortgage loan. Provided by the U.S. Department of Agriculture (USDA), USDA loans are mortgages guaranteed by the federal government. In fact, the overwhelming majority of the U.S. is eligible for USDA financing. Nearly one third of Americans live close to a property qualified for this program. Furthermore, this program includes single-family housing, multi-family housing, and community facilities programs. Home buyers must qualify for the loan program However, [...]

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22 10, 2015

How closing has changed, the “Know Before You Owe” initiative

By |2020-02-19T10:58:02-06:00October 22nd, 2015|Lending|0 Comments

Banking regulations shaping property condition disclosures New banking regulations will change the closing process for properties buyers. All mortgage lenders are required to use new consumer disclosure forms effective on Oct. 3, 2015. The changes merged the HUD-1 Settlement Statement, the Good Faith Estimate, and the Truth-in-Lending disclosure form into two new closing forms: a Loan Estimate and a Closing Disclosure. Consumers will have more time to review the total costs of their mortgage prior to closing. The Loan Estimate form is due to consumers three days after they apply for a loan. The [...]

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