Aaron Stumbaugh - Lamica Realty

07/12/2023

05/30/2023

They say when you find your passion, you’ll never work a day in your life. And I couldn’t agree more! Helping my clients achieve their real estate dreams fills me with so much joy and gratitude. 🏠💖
If you’re ready to embark on your own home buying or selling journey in Northern Alabama], let’s team up and make it happen! With my expertise and your vision, we’ll make a winning combination. 💪
So don’t hesitate to slide into my DMs and let’s get started! 📩

05/25/2023

| Q & A | Is my credit good enough to buy a home?

Ah, the age-old question: is my credit good enough to buy a home? Well, my friend, the answer is…it depends!

Your credit score is just one piece of the puzzle when it comes to buying a home, but it’s an important one. So, let’s dive into some key factors that lenders consider when determining whether you’re a good candidate for a home loan.

☑️ Credit score: Generally, a credit score of 620 or higher is considered “good” when it comes to buying a home.

☑️ Debt-to-income ratio: Lenders will also look at your debt-to-income ratio, which is the amount of debt you have compared to your income. A lower ratio is generally more favorable to lenders.

☑️ Employment history: Lenders want to see that you have a stable employment history, as this can indicate that you’ll be able to make your mortgage payments on time.

☑️ Down payment: While a good credit score is important, a larger down payment can also help offset any potential credit issues.

So…While your credit score is important, it’s just one piece of the puzzle. if you’re not quite there yet, don’t worry! Work on improving your debt-to-income ratio and maintaining stable employment, and you’ll be well on your way to achieving your dream of homeownership. 🏡💰💪

Looking forward to helping with your home search!
Aaron Stumbaugh
Revolved Realty

05/24/2023

Buyer Tip: Maintain Your Credit

Ready to start your journey as a homebuyer? Then listen up, because I’ve got a tip that can make all the difference: Maintain your credit!

Your credit score plays a big role in your ability to obtain a mortgage. So, let’s dive into some key points on how to keep your credit in tip-top shape.

🗝 Keep your credit card balances low: Try to keep your credit card balances at or below 30% of your credit limit. This can help improve your credit score and make you more attractive to lenders.

🗝 Pay your bills on time: Late payments can have a negative impact on your credit score, so be sure to pay your bills on time every month.

🗝 Check your credit report: Regularly checking your credit report can help you catch errors or discrepancies that could be negatively affecting your credit score.

🗝 Avoid new credit inquiries: Opening new lines of credit or taking out new loans can temporarily lower your credit score, so try to avoid new credit inquiries when possible.

So, let’s make this home buying journey a success by taking care of that credit! 🏡💰💪

Looking forward to helping you with your real estate needs!
Aaron Stumbaugh
Revolved Realty

05/24/2023

Closing costs can be overwhelming when buying a home, but don’t fret! Here’s what you need to know:

🔸Appraisal fees: Required by most lenders to ensure the home is worth the loan amount.
🔸Inspection fees: Uncover potential costly repairs before closing.
🔸Legal fees: Cover title searches, insurance, and representation.

It’s important to remember that many closing costs are negotiable. Don’t be afraid to shop around and compare fees from different lenders or service providers. You may be able to negotiate lower fees or find a provider who offers discounts or incentives.

Keep these tips in mind to reduce costs and have a smoother closing process.

Give me a call for your real estate needs!!
Aaron Stumbaugh
Revolved Realty

05/22/2023

Let’s talk about VA Loans

Alright, folks, it’s time to talk about one of the best-kept secrets in the world of home loans: VA loans. If you’re a veteran, active-duty service member, or eligible surviving spouse, VA loans can be a game-changer when it comes to buying a home.

So, let’s dive into the nitty-gritty and find out what makes VA loans so special.

🔸 No down payment required: That’s right, you read that correctly. With a VA loan, you can buy a home with no down payment, which means you can keep more cash in your pocket.

🔸 No mortgage insurance: Unlike other loan types, VA loans don’t require you to pay for private mortgage insurance (PMI), which can save you hundreds or even thousands of dollars over the life of your loan.

🔸 Flexible credit requirements: VA loans are designed to help veterans and active-duty service members get into homes, which means they often have more flexible credit requirements than other loan types.

🔸 Refinancing options: If you already have a home loan, VA loans also offer great refinancing options, including cash-out refinancing and interest rate reduction refinancing.

So…Whether you’re buying your first home or refinancing your current one, VA loans can help you achieve your home ownership dreams. So, go forth and conquer, my friends!

Give me a call for your real estate needs!!
Aaron Stumbaugh
Revolved Realty

05/19/2023

Ah, the fixer-upper. The diamond in the rough. The ugly duckling waiting to become a beautiful swan. If you’re considering taking on a home renovation project, there are definitely some pros and cons to keep in mind.

🔸Let’s start with the pros, shall we?

🗝 First off, fixer-uppers can be a steal of a deal. With some sweat equity and a little elbow grease, you could end up with a home worth way more than you paid for it. Plus, you get to put your own stamp on the place, creating a space that’s uniquely yours. And let’s not forget the satisfaction of taking something old and making it new again. It’s like a superhero origin story, but for homeowners.

🔸 Now, on to the cons

🗝 Renovations can be time-consuming, expensive, and stressful. You might uncover unexpected issues that require even more time and money to fix. And let’s not forget the endless trips to Home Depot that will become a part of your daily routine. Plus, living in a construction zone is no walk in the park.

But, if you’re up for the challenge, a fixer-upper could be just the thing to satisfy your inner DIY goddess (or god). So, weigh the pros and cons, and decide if you’re ready to take on the ultimate home renovation adventure. Good luck, and may the DIY gods be ever in your favor!

Give me a call for your real estate needs!!
Aaron Stumbaugh
Revolved Realty

05/16/2023

Open House Saturday May 20th 10am to 2pm. 🏠 address in video! An agent will be on site.

05/13/2023

Current mortgage rates dropped from this time last week
Contact me to discuss the latest scoop in real estate!

Mortgage rates in the U.S. on Friday, April 21, changed from the same time last week, according to data from Bankrate. The average rate for a 30-year fixed-rate loan was 6.93%, up 1 basis point from the previous day and down 3 basis points from the prior week. Rates for 15-year fixed-rate loans, jum...