Alishia Monasmith Real Estate

01/25/2024

Ready to start on your journey to purchasing a home? Wondering how to set your budget? Check out our latest blog👇

https://www.milakeshorehomes.com/blog/how-to-budget-for-a-home

Alishia Monasmith Real Estate
Home Realty
1307 S. Beacon Blvd.
Grand Haven, MI

How to set a budget for buying a home. Learn about market data, the 28/36 rule, and loan pre-approval is all about.

01/18/2024

Last year, the average U.S. homeowner held roughly $199,000 in equity. Not bad, huh?

If you’re sitting in a similar spot this year, you might wonder how to access your funds.

Let's break down two popular options: the Home Equity Loan and HELOC.

Home Equity Loan
• Similar to a second mortgage.
• You receive a lump sum using your equity as collateral.
• Fixed interest rates mean predictable monthly payments.
• Ideal if you need a specific amount all at once.

Home Equity Line of Credit (HELOC)
• Works like a credit card but with your home as security.
• Allows flexible borrowing up to a set limit during the draw period.
• Initially, you only pay interest on the amount you borrow.
• After the draw period, you start repaying the principal and interest.
• Comes with variable interest rates so that payments can vary.

The bottom line?
• Need a large sum immediately? Consider a Home Equity Loan.
• Prefer flexible access to funds? A HELOC might be your answer.

If you're thinking about how to tap into your home equity, feel free to DM me.

Source: HELOC Vs. Home Equity Loan: A Comparison | Rocket Mortgage

Alishia Monasmith Real Estate
www.MILakeshoreHomes.com
Home Realty
1307 S. Beacon Blvd.
Grand Haven, MI

01/11/2024

Cut down on home energy bill with these tips. For more info and blogs visit my website at www.MILakeshoreHomes.com

Home Realty
1307 S. Beacon Blvd.
Grand Haven, MI 49417

01/08/2024

In a real estate transaction, various players contribute to the process, working together to ensure a smooth and successful experience for all parties involved. Here's a lineup of key players in a typical real estate transaction:
Real Estate Agent: Acts as an intermediary between buyers and sellers, helping with property search, negotiations, and paperwork.
Real Estate Broker: Oversees real estate agents, providing guidance and ensuring transactions comply with regulations.
Loan Officer: Assists buyers in securing financing, providing information on mortgage options, and guiding them through the loan application process.
Mortgage Lender: Provides the funds for the home purchase in the form of a mortgage.
Home Inspector: Evaluates the condition of the property, identifying potential issues or needed repairs.
Appraiser: Determines the fair market value of the property, which helps the lender decide the loan amount.

This lineup illustrates the collaborative effort involved in a real estate transaction, emphasizing the importance of each player's role in achieving a successful outcome.

Alishia Monasmith Real Estate
www.MILakeshoreHomes.com
💚Home Realty
1307 S. Beacon Blvd.
Grand Haven, MI 49417

01/07/2024

Navigating the home buyer timeline? 🚀 Here is what you can expect after your offer is accepted.
1️⃣ Inspections: 🔍 Dive into a thorough examination.
2️⃣ Appraisal: 🏡 Ensure the home's value aligns.
3️⃣ Loan Processing: 💰 Finalize mortgage details.
4️⃣ Title Search: 📜 Confirm property ownership.
5️⃣ Closing Preparation: 📑

Ready for the final step! Expert guidance at every stage! 💬🔑

Alishia Monasmith Real Estate
www.MILakeshoreHomes.com
Home Realty
1307 S. Beacon Blvd.
Grand Haven, MI 49417

01/03/2024

What can you expect from the Michigan real estate market in 2024? Find out right here. 2024 home buying and selling outlook, current real estate market stats, and more.

12/21/2023

Congratulations to Andrew and Christina Tacoma! So great to get to know you throughout the process of finding your forever home💚

Alishia Monasmith Real Estate
www.MIlakeshorehomes.com

Home Realty
1307 S Beacon Blvd.
Grand Haven MI

12/21/2023

Congratulations to Andrew and Christina Tacoma! So great to get to know you throughout the process of finding your forever home💚

Alishia Monasmith Real Estate
www.MIlakeshorehomes.com

Home Realty
1307 S Beacon Blvd
Grand Haven Mi 49417

12/20/2023

Thinking of selling your West Michigan Lakeshore home? Now is the perfect time to start getting ready to sell with this guide.