Kevin Schumacher Team Real Estate Blog

What is Your Income to Debt Ratio? Why Should You Care?

Any time you have more income and less debt, you’re in good shape in life. That said, there is an ideal ratio between your debt and income in order to qualify for a good mortgage.  When your debt to income ratio is on the high side, you run the risk of not getting a good loan (or not getting a loan at all) if your income were to take a hit during right before or during the loan funding process.

Why You Should Wait to Buy that Car Until After Your Home Purchase

Getting preapproved for a mortgage is a major step in buying a home. When done properly, it’s like having cash in your hands so you can negotiate effectively with a seller to buy a home.

What is the Interest write off deduction?

Tax deductible interest is a borrowing expense that a taxpayer can claim on a federal or state tax return to reduce taxable income.
Mortgage interest for both first and second (home equity) mortgages, mortgage interest for investment properties are among the list of deductions you can take on your taxes.

Owning VS. Renting

Making the decision to own a home versus renting one is no small decision. Not only does it affect your expendable cash, but it also has a huge impact on your lifestyle and how much money you’re able to save over time.
Sometimes, the goal to achieve the “American Dream” of owning a home clouds some people’s vision for the future and they buy a home when they should really be renting one.

Property tax assessment too high...what you can do about it?

An increase in home values is great because it increases the equity in your home without you having to invest more money in making it happen.
Unfortunately, as the price of your home increases, so does the perceived value of your home in the eyes of your local tax assessor.
When that happens, your taxes also go up.

How Current Interest Rates Can Have a High Impact on Your Purchasing Power

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history!

First Comes Love... Then Comes Inspection

The National Association of REALTORS® released their Profile of Home Buyers & Sellers for 2018 and it is no surprise that married millennials still make up the largest portion of first time home buyers with Single Female Millennials making up the second largest group of buyers. It is important for first-time buyers to understand the ins and outs of their closing contract.

Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?

In a recent article, National Housing Inventory Crisis Reaches Inflection Point, reported that:  New listings jumped 8% year-over-year nationally, the largest increase since 2013.

Lack of Listings Slowing Down the Market

As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall to their lowest points in years. There is no doubt that the housing market will continue to strengthen.

51% of Homeowners Plan to Renovate This Year

June is National Homeownership Month and what better way to celebrate homeownership than with renovations that make you fall in love even more with your property! Especially in our market here in the Front Range we see home owners who don't necessarily get to move into a home that has the exact finishes they were originally wanting, therefore they look into the option of renovation!



© The Kevin Schumacher Team @ eXp Realty LLC. All Rights Reserved. Realty Licensed in the state of Colorado.


Kevin Schumacher Team
1635 Foxtrail Drive
Loveland, CO 80538
Phone: (720) 230-3030
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