Menu

khari washington

Changing Mortgage Rates Impact On Realtors

, , , ,

Mortgage rates have been chaning rapidly. How will the changing rates impact realtors?

Video Link
TikTok

@khariwashington Changing Interest Rates Impact On Realtors Reaction #realestate #personalfinance #realtor #interestrates ♬ original sound – Khari Washington

So interest rates affect realtor commissions a little differently than most people think they do. Realtors don’t make money because of higher, lower interest rates or property values going up and down. They make a lot more money from volume, more transactions happening. So, for instance, if a house now has a $5000 commission and before they would have made a four thousand eight hundred dollars commission, they’d rather do two or three houses with the four thousand eight hundred dollars commission than one house at a five thousand dollar commission. Even though the property values raised in general. As interest rates go down, more transactions happen and as interest rates go up, less transactions happen. In this core market, we’re at a low volume at all points, so most realtors need to be creative.

Can You Refinance a Reverse Mortgage Loan?

, , , ,

In Home.com, I and others talked about how you can refinance a reverse mortgage. Check out what we said in the article and video below.

Article Link
Home.com

Video Link
TikTok

@khariwashington

How does a reverse mortgage work? ##mortgagetips ##personalfinance ##realestate ##reversemortgage ##conventionalmortgage

♬ original sound – Khari Washington

A lot of people have heard the term reverse mortgage, but have no clue what it is. A reverse mortgage is simply a mortgage in which the homeowner doesn’t have to make any payments during the life of the loan. However, there is no free lunch and all the interest accrues and is added to the principal balance of the loan. This loan is for people sixty two and over, and it allows them to qualify with very little income since they don’t have to make payments. However, they do need to have enough equity to allow that interest to grow. The bank only gets their money back if the person moves or if they pass away. The ideal situation for the bank is that there’s actually equity when the person moves out of the house and the family. Are they any different after the principal and interest is paid at the home? Value is actually lower than the principal interest. Then the bank sells the home and will take some type of loss. That’s how a reverse mortgage works.

How to save energy at home – 20 ways to reduce energy use and lower bills

, , ,

In Realhomes.com, we gave tips to help people save money and reduce their energy bills. Check out what we said in the article and video below.

Article Link
Realhomes.com

Video Link
TikTok

@khariwashington

How To Save Energy At ##Home And Lower Your ##Bills ##personalfinance ##realestate

♬ Adorn (Originally performed by Miguel) – Instrumental Version – StudiOke

Utility bills in the summer are costing you too much money, and utility bills in the winter are also costing you too much money. What can you do to reduce those bills? In realhomes.com, we talked about 20 ways to save energy, and here are some of my favorites. One of my first favorites is to get curtains that reflect solar energy in the summer and trap energy in the winter. Those curtains will help you save money on your bills.

Another thing you can do is make sure the bottom of your doors are sealed. Not only does it keep the bugs out, but it’ll also save you a lot of money. There’s a lot of drafty air that can go underneath your doors and cost you a lot of money. So make sure to get those curtains that can trap the heat in in the winter and keep the heat out in the summer and also seal the bottom of those doors to do some inexpensive things that could save you a lot of money.

10 Home Upgrades That Will Cost YOu Less Than $100

, , , , , ,

In a GoBankingRates and MSN article, I and others talked about 10 Home Upgrades That Will Cost You Less Than $100. Check out what we said in the article and video below.

Article Link
MSN.COM
GOBANKINGRATES.COM

Video Link
TikTok

@khariwashington

10 Home Upgrades That Will Cost You Less Than $100 ##homedecor ##interiordesign ##personalfinance ##lifehack ##realestate ##khariwashington ##landscaping

♬ Say So (Instrumental Version) [Originally Performed by Doja Cat] – Elliot Van Coup

Hey what’s up everybody on Msn.com and Gobankingrates.com I and a few others contributed for an article that talked about ten home upgrades that you can do that cost less than $100. Two of my favorites from that article were to upgrade your kitchen cabinet hardware and to get solar lights for the yard. I like upgrading the kitchen hardware because kitchen and baths sell homes and by just upgrading the handles and knobs on your kitchen hardware you can actually make your kitchen look better. I also like getting solar lights for the yard. It’s a very inexpensive way to make your yard look good. You can highlight different areas and a cut and manicured yard looks that much better with solar lights highlighting its features. So those are two tips that I liked. What are some of your favorite inexpensive ways to upgrade a home?

60+ Clever Ways To Lower Your Household Bills And Save Money

, , , , ,

In Reader’s Digest, I and others talked about clever ways to lower your household bills and save money. Check out what we said in the article and video below.

Article Link
Reader’s Digest

Video Link
TikTok

@khariwashington

60+ Clever Ways To Lower Your Household Bills And Save Money ##readersdigest ##khariwashington ##personalfinance ##moneytips ##foryoupage ##lifehack

♬ Blinding Lights – Instrumental – Lostlt

So in Reader’s Digest, I and a few others talked about 60 clever ways to lower your household bills and save money. Here’s some of my favorites from that article.
Number one, sign a lease in the fall or winter. When you sign a lease in the fall and winter, you can save up to 7% on your lease because most people move during the spring and summer when their kids are out of school.
Another one I like, and this one hits close to home, is don’t pre-wash your dishes if you have a dishwasher. Most current dishwashers are extremely strong, and they wash great. When you pre-wash, you waste water, and when you waste water, you waste money. I like it because I did it anyway, and it’s cool to see that it actually saves money.
One of the last ones I’d like to point out is using ceiling fans and portable fans. Ceiling fans and portable fans can lower the temperature four to six degrees in a room. So you use less A/C, which also saves you more money. 
So what do you think?
What are some of your favorite money-saving tips?

How To Claw Back From The Edge Of A Financial Cliff

, , , , ,

I was interviewed for an article that Yahoo Finance, Gobankingrates.com, and Dinar Recaps picked up titled “How To Claw Back From The Edge Of A Financial Cliff” see what I and others said in the article and the video embedded below.

Article Links
Yahoo Finance
Go Banking Rates
Dinar Recaps

Video Link
TikTok

@khariwashington

How To Claw Back From The Edge Of A Financial Cliff ##personalfinance ##yahoonews ##finance ##debt ##selfimprovement ##khariwashington ##moneytips

♬ R&B Instrumental – Hather Records

How to claw back from the edge of a financial cliff, in Gobankingrates and Yahoo Finance, I and others discussed this topic. The first step we mentioned was to change your mindset. Stress, shame, and a feeling of doubt can do a lot of damage. Once you are emotionally ready, take stock of your financial situation and make a plan. Make sure to adjust your spending by dividing your expenses into fixed and discretionary categories and then try to lower your discretionary spending.  Make sure to create a budget, and then look for additional income streams such as freelance work that might help you get ahead. Always don’t be afraid to seek help if you need it.

#personalfinance #yahoonews #finance #debt #selfimprovement #khariwashington #moneytips