Perry Fatheree

Real estate is hot, but, how much to buy?

Currently, if you are in the market you can purchase more home than ever for the cost of the loan. Meaning, your purchasing power is at it's greatest because the cost to borrower is almost at it's lowest in history. Right now from a finance standpoint, everyone should be considering buying or re-ev ...
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Why Buy Now?

Want, Need, Ability, it drives us.  With rates at all time lows, and no real forseeable reason for them to go down, and many reasons for them to go up. To sit on the sidelines means a willingness to allow your ability or  "Affordability Index" to go down, meaning higher monthly payments, and less purchasing power for a very long time. For an exa ...
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Five Things Your Agent Should Know About Your Mortgage Approval

While experienced Oklahoma real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New regulations, updated disclosures, appraisal guidelines, mortgage r ...
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Do I Need To Sell My Home Before I Can Qualify For A New Mortgage On Another Property?

Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence. Perhaps you are outgrowing your current house, or have been forced to relocate due to a job ...
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What Do Appraisers Look For When Determining A Property's Value?

Most people are surprised to learn what appraisers actually look at when determining the value of a real estate property. A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection. However, th ...
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Where Does My Earnest Money Go?

Hey, I gave my real estate agent a $5000 Earnest Money Deposit check... Where does that money go? A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted. According to Wikipedia: Earnest Money - an earnest payment (sometimes called earnest money or simply earnest, or alternatively a good- ...
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