Connecticut 4th Best State for Teachers to Work

9/27/17 (CT) - Connecticut placed in the top four when WalletHub’s analysts compared the 50 states and the District of Columbia based on 21 key indicators of teacher-friendliness. Our data set ranges from teachers’ income growth potential to pupil-teacher ratio to teacher safety. Read on for our findings, expert insight from a panel of researchers and a full description of our methodology.

Connecticut continues to place high in quality of life rankings, which is why people see the value of living here. Climate, recreation, health, access to so much within 150 miles, and a beautiful shoreline served by Metro North Commuter Rail, placing Grand Central Station less than 2 hours from New Haven.

Learn why you might find value living in the state of steady habits when you team with David Carr, your licensed real estate fiduciary since 1996.  Call 203-877-2704 Extension 800426 to have a conversation, or find me online as David Carr Connecticut Real estate  

#Connecticut 4th Best State for Teachers to Work
#David Carr Realtor Since 1996

Increasing Advertisements for Home Equity Loans

 9/14/17 (CT) Over the past couple months I have noticed an increase in advertisements for Home Equity Loans and refinancing n Southern Connecticut. This may be indicative of increased confidence in appraised property values by lenders and investors.

While one can not say for certain what the future holds, since 2012 the Carr Value Shelf  has maintained a position that the base FHFA-HPI index of 173-178 is a unique indicator of value to Connecticut, locally, and in relation to broader national markets. Connecticut trails the nation in house price value  recovery, and is  rated "undervalued"  in September 2017 by Core Logic (a data analytic company).

Regarding home equity loans, I do not endorse using your real estate equity as a CAM (cash access method).  If you have equity in your home consider investing in property that will provide income and tax advantages over time. The person, family or organization  who operates within their means and invests 10% of their income will be rewarded with future financial security.

People who have debt must invest an additional 10% of their income in debt retirement to avoid the ling term consequences of interest payment servitude. This means a person who makes $60,000 gross, taking home $48,000 after taxes should strongly seek to do  *whatever it takes*  to invest $4800/year in their future, and $4800/year in resolving  debt to assure a secure financial future.

Let me help you by offering this plan for financial independence now, so you can live a better life in five years

Fannie Mae (Conventional Loans) is increasing their max debt to income ratio

8/1/17(CT)  Fannie Mae (Conventional Loans) is increasing their max debt to income ratio from 45% to 50%.   This is actually going to be a huge deal.   For a couple making 80K in total income this would allow $333 in extra monthly debt payments.   That actually translates to about 60K in additional purchasing power for that couple.   And the more a person makes in income the more their purchasing power would increase. 

FHA still goes to approx. 55% in debt ratio but this move will definitely enhance the conventional side including the conventional CHFA program.

Below is a link to an article that explains the change.

http://www.realtor.com/news/real-estate-news/easier-to-get-a-mortgage/

When you are thinking about Southern Connecticut Real Estate, be an expert I your market b emloyin David  Carr as your exclusive fiduciary buyer's agent or marketing partner. Since 1996 I am proud to be the foundation of your success in real estate

Call me at my office 203-877-2704  x 400826 (Direct to my cell)

"On the Green" in Milford CT

Good To Know!