2018 Housing Forecast - Infographic

By Shawn.Gauuan@Nafinc.com January 10, 2018

 2018-housing-forecast

 

Housing Forecast 2018

 

5 Home Maintenance Must-Dos for Fall

By Shawn.Gauuan@Nafinc.com October 13, 2017

fall leaves rain gutter

In many parts of the country, fall is the perfect season. It’s not too hot or too cold, the air is clear and crisp, and the turning leaves create a backdrop for daily life. It’s also the best time to get your house ready for the coming change of seasons. With just a few preventative measures, you can ensure your home will be ready to take on the rougher weather that is sure to follow. Plus, once you’re finished, you can relax and really get outside and enjoy the season.

A Homeowner’s Fall To-Do List

1. Inspect the Exterior

Really look at your home’s outer shell and be on the lookout for things like peeling paint, missing shingles, eroded caulking, clogged downspouts, and loose gutters. By catching and addressing any of these conditions early, you can prevent moisture from penetrating the exterior of your home and potentially damaging your interior walls.

2. Make a Clean Sweep

It is important to have your fireplace and chimney inspected and cleaned annually if you use them regularly during colder months. This will prevent soot from building up. Even if you do not use them or use gas logs, test your fireplace flue to make sure it forms a tight seal when it’s closed. The loss of heat can be expensive and make a room uncomfortable.

3. Take It Inside

Scheduling a furnace tune-up ensures that your home will heat itself efficiently and safely, while replacing filters regularly keeps the system running optimally. Installing a programmable thermostat and reversing the direction of your ceiling fans also improve efficiency and heat distribution. Fall is also a time to check the batteries in your smoke and carbon monoxide detectors and run tests to make sure they are functioning properly.

4. Treat Your Garage Like Your Closet

With the change of season, you will want to bring the equipment and outdoor decorations you plan to use in the coming months to the front and store the planters, tools, and furniture you won’t need until spring in the less accessible areas. Since you won’t be using it in the near future, it’s a good time to send your mower out to have its blade sharpened. It’s also important to make sure each of your cars is equipped with ice scrappers and an up-to-date emergency kit. Additionally, make sure your shovels and any other snow- and ice-removal tools are ready for duty.

5. Shift Your Yardwork Focus

Think green even as your grass is about to go dormant. Fertilizing now strengthens roots to encourage growth in the spring. Raking also promotes a healthy lawn, and the leaves you collect make good mulch for your garden by helping insulate plant roots against the cold. Once watering is no longer likely, bring in your hoses and turn off the water supply to your spigots. This prevents any potential issues that might arise from water becoming trapped in the pipes and freezing.

We’ve all heard the saying, “An ounce of prevention is worth a pound of cure.” When it comes to your home, fall is the season of prevention. Taking the time to ensure your home is in good shape now can lead to worry-free months ahead.

The Benefits of an Annual Loan Review

By Shawn.Gauuan@Nafinc.com September 1, 2017

 The Benefits of an Annual Loan Review

 

Do you offer your clients an annual loan review after their mortgages close? Now would be a good time to start. With interest rates forecasted to inch up throughout the year, many clients might benefit from refinancing.

Things Change

Rate changes are just one reason why revisiting mortgage structures may be beneficial for clients (e.g., moving from an adjustable rate to a fixed rate). Home values have also been on the rise in many parts of the country, which could lead some clients to pay mortgage insurance unnecessarily.

Improvements in household finances and credit scores might also enable you to find a more affordable financing structure for a client. This could also lead to a conversation about their ability to trade up if the right home became available.

Updating information about income and family changes can often have an added benefit. It’s a way to keep in touch. It can allow you to find out about an upcoming move or discuss options for financing an addition to the current home. Older clients may be thinking about buying a vacation property or might benefit from learning about reverse mortgage options.

Value for the Client

While staying top of mind and potentially rustling up new business is good for you, the advantages of an annual review for your clients are equally compelling.

Reviews offer the opportunity to:

  • Reduce monthly payments by eliminating mortgage insurance.
  • Shorten terms to speed up repayment.
  • Lower monthly payments with a different term or interest rate.
  • Access home equity to realize other financial goals.
In the end, the message you want to deliver is that the purpose of the review is to make sure a mortgage is still the best match for their long-term objectives and current financial situation.