Quick Reference Guide to Mortgages

Quick Reference Guide to Mortgages

Quick Reference Guide to Mortgages

Getting a mortgage is an essential step toward homeownership. Most people need to take out a mortgage to finance their new home. The main purpose of a mortgage is to help you purchase a home that you may not be able to afford upfront. By spreading out the cost of the home over time, you can make manageable monthly payments that fit within your budget. This means that if you can't make your home loan payments, the lender can seize your property and sell it to recover the money you owe them.

In this article, we will go over some of the most common types of home loans, including the VA loan, FHA loan, and Conventional loan

VA LOAN

VA loans are a type of mortgage loan that is guaranteed by the U.S. Department of Veterans Affairs (VA). They're designed to make homeownership more accessible to veterans and service members. The VA will pay the lender back if the borrower defaults on their loan, decreasing the risk for lenders

Qualifications:

More specific qualifications can be discussed with a lender or at https://www.va.gov/housing-assistance/home-loans/eligibility/. As a start, the borrower has to be a retired veteran or active military veteran

Conditions:

The home conditions are relatively similar to most other mortgage programs

  • The home is habitable as is, without extensive work necessary to make it habitable

  • An appraisal is done to estimate the price range and look at health and safety hazards

  • Overall, the health and safety of the home matter the most, which is why appraisers look for visible damage and livability

BENEFITS:

  • More forgiving of low credit scores

  • No PMI

  • No down payment

  • very competitive rates for veterans

Drawbacks:

  • Can only have one VA loan at a time to purchase a primary residence

  • Cannot buy strictly investment properties

    • must plan on living in the house bought with a VA loan

FHA LOAN

FHA loans are a type of mortgage loan that is backed by the Federal Housing Administration (FHA). This means that if you default on your loan, the FHA will pay the lender back, reducing the lender's risk and making it easier for them to lend to you. They're designed to make homeownership more accessible to people who may not be able to afford a conventional mortgage, which will be discussed later in the article.

FHA-approved lenders typically have to follow a set of rules or guidelines to see who qualifies, but as long as the buyer profile meets the criteria, they can get approved.

conditions:

  • Single-family or multi-family homes

  • Most stringent home conditions

  • One common pet peeve: peeling paint

  • The overall condition of the home is habitable

BENEFITS:

  • minimum down payment of 3.5%

  • monthly PMI has lowered to be competitive with other mortgage programs

  • debt-to-income of 55% or lower

    • allows people to qualify for more money to buy more homes

  • Interest rates are better than most other mortgage programs

  • Not as concerned about credit scores

    • 660-700 still has good rates

Drawbacks:

  • Have PMI for the life of the loan

    • Most people refinance once a home reaches 20% in equity to a conventional loan

  • Can only have one FHA loan at a time to purchase a primary residence

CONVENTIONAL LOAN

These are the most common type of mortgage loans and are not backed by the government. Instead, they are funded by private lenders like banks, credit unions, or mortgage companies. Lenders take more risks, but there is more flexibility with the eligibility requirements and interest rates. Conventional loans are typically backed by Freddie May or Freddie Mac, which help provide safety for lenders.

Qualifications:

  • 5% or greater down payment on the home

  • debt-to-income of 45% or lower

  • Higher credit score, where lower scores hurt you

    • Over 700 or better

BENEFITS:

  • PMI is lower than FHA and will go away at 20% equity

  • Can get more than one conventional loan for any home

First-time Buyers Program

Within conventional loans, there are many different programs with varying qualifications. There are a few first-time buyers programs, and some examples are Home Ready and Home Possible. This has a 3% loan down payment and can have income restrictions based on the county that you are buying in.

DISCLOSURE:

There are various loan products and programs that this article is not able to cover. This is meant to cover some of the most common loan programs available. We are not mortgage professionals, but if you would like to talk to one, we are happy to recommend someone who best fits your needs.

The blog was written by: Erika Lam

4 Tips & Tricks to Boost your Credit Score

4 Tips & Tricks to Boost your Credit Score

4 Tips & Tricks to Boost your Credit Score

When it comes to buying a house, your credit score can play a big role in making your dream a reality. Your credit score is like your financial reputation, and it shows lenders how responsible you are with your money. Lenders look at your credit score to decide whether or not to give you a mortgage. If you have a high credit score, they'll be more likely to give you a mortgage and a lower interest rate. But if your score is lower, they might think you're too much of a wild card and make it harder for you to get a loan.

Before finding ways to boost your credit score, take a moment to understand where your credit score currently stands.

Source: experian.com

1. Lower Your Credit Utilization

Credit Utilization rate, which is also referred to as credit utilization ratio, describes how much of your available credit is being used. Lower credit utilization ratios show lenders that you are managing your credit responsibly and are not relying too heavily on borrowed funds. Accounting for 30% of the total credit score, it is important to keep track of credit utilization. To find credit utilization, it can be calculated by dividing the available credit limit by the credit card debt. 

Keeping your credit utilization below 30% will boost your credit score. The best way to lower it is by paying off your credit card balance, but you can try requesting a credit limit increase from your credit card company.


2. Request a Goodwill Donation

This tip helps those that have a missed or late payment and a relatively good standing the most. If you believe that the missed or late payment is hurting your credit score, you can write a goodwill letter to that creditor, requesting the negative mark to be removed. 

For more information about goodwill letters, including how to write them, when to use them, and examples of goodwill letters, visit this website, https://www.creditkarma.com/advice/i/goodwill-letter, written by Emily Starbuck Gerson


3. Correct Credit Report Mistakes

Errors on your credit report, such as a falsely reported late payment or incorrect balance, can negatively impact your credit score. Even small errors, such as typos in your name or an outdated address can negatively affect your credit score because it makes it more difficult for lenders to verify your identity.


4. Use a Credit Boost service

Credit boost services are companies or organizations that help you build credit. When finding a credit boost service, it is important to carefully research the company or organization to ensure you do not fall into scams that hurt your credit score. Oftentimes, checking their reputation and track record of success help to verify legitimate credit boost services. 

There are many of different services. Some help to dispute negative information, such as requesting goodwill donations and disputing with negative information. Other services may add positive information to your report, such as Experian Boost. Experian Boost allows you to build credit based on your monthly subscription bills. This includes services, such as Netflix, internet and utilities.

Written with information from Buffini & Company

Ready to Sell? 3 Tips to Help Your Home Stand Out

Ready to Sell? 3 Tips to Help Your Home Stand Out

Ready to Sell? 3 Tips to Help Your Home Stand Out

Selling your home is an exciting yet stressful time. You're ready to move on to your next adventure, but first, you need to find the right buyer for your current home. In a competitive market, selling your home can be a stressful and overwhelming process. it's essential to make your home stand out to attract potential buyers. Here are three tips to help your home stand out when selling it:

1. Have your home inspected. 

This will help you isolate the repairs you need to address before you list your home. If you make the most important repairs, you’ll be ahead of the game and may be able to list your home for more than if you left the issues unresolved.

2. Declutter and start packing. 

Buyers want to see the details of the home, so be sure they have a great view. You’ll have to pack when you move anyway; starting the process now allows you to pack up anything you don’t use regularly, including valuable dishes, photos, and knick-knacks.

3. Stage your home. 

When you’re selling your home, it’s difficult to see it through the eyes of a potential buyer. A professional stager will present your home in the best possible light, making sure the focus is on the features that sell, such as a great view or notable architecture.

7 Qualities to Look for When Buying a House

7 Qualities to Look for When Buying a House

7 Qualities to Look for When Buying a House

Buying a new house is an exciting and life-changing decision, but it can also be a daunting task. There are many factors to consider when finding your ideal house, which is why it’s important to take your time and think about what matters most. The following are some qualities that people consider:

Year Built and Condition

The year built and condition of your house can be important factors in deciding what’s right for you. While newer homes tend to have modern amenities and require less maintenance, older homes can offer unique character and architectural features. But keep in mind that an older home may need more updates or repairs, and a newer home may come with a higher price tag

Size and Stories

Whether you need extra space for a growing family or want a cozy manageable living space, the size of your home matters. And let’s not forget the added charm and character that comes with different architectural styles and various stories. But keep in mind that larger homes can come with higher costs and more maintenance, while single-story homes can be more accessible and convenient. So, get ready to find the perfect fit for you and your lifestyle!

Architectural Style

The architecture of your house can be a big factor in creating a unique and eye-catching living space! Whether you’re drawn to the clean lines of modern design or the classic charm of a Victorian-style home, there’s an architectural style out there that is perfect for you. But keep in mind that different styles can come with different maintenance needs and costs. So, if you’re ready to make a statement with your home, it’s all about finding the perfect architectural style that reflects your personality and taste!

Floor Plan and Master Bedroom Preferences

The floor plan of a house is an important consideration and should be functional and meet your family’s needs. An open floor plan may be ideal for entertaining, while a more traditional layout may provide more privacy. Additionally, the master bedroom is an essential consideration when finding your ideal house, from a large bedroom with an ensuite bathroom to a walk-in closet.

Finishes

From bold and modern to classic and timeless, choosing the right finishes can set the tone for your entire home. Whether you prefer sleek stainless steel appliances or rustic wood floors, it’s all about finding finishes that reflect your personal style and taste. But keep in mind that certain finishes can be more durable, easy to maintain, or budget-friendly than others. So if you’re ready to add some personality and flair to your home, choosing the right finishes is a great place to start!

Fireplace

When it comes to coziness and comfort, there’s nothing quite like a fireplace in your home! A house with a fireplace can be the perfect spot to curl up with a good book or a loved one, especially on chilly evenings. Not to mention the added ambiance and safety concerns. So if you’re ready to add some warmth and style to your home, consider buying a home with a fireplace.

Pool

Whether you’re a serious swimmer or just looking to cool off on hot summer days, a pool can be the ultimate oasis in your backyard. Picture yourself lounging poolside, sipping a cold drink, and soaking up the sun. But keep in mind that a pool also means maintenance, safety concerns, and higher insurance costs.

In conclusion, finding your perfect house is a process that requires careful consideration and thought. It’s important to think about the year built, condition, size, stories, architectural styles, style, floor plan, master bedroom preferences, finishes, and fireplace. By being practical in your decision-making, you can find a home that meets your needs and provides a comfortable and inviting living space.

7 Features That May Sell Your Home Faster

7 Features That May Sell Your Home Faster

7 Features That May Sell Your Home Faster

If you’re thinking of putting your home on the market this spring, you may be wondering how to make your home more attractive to prospective buyers. The following are the most common features buyers want in a home.*

1. Laundry room

While many homes have a nook in the hallway or within a bathroom for a washer and dryer, most buyers (92%) of all ages want a separate laundry room with space for these appliances, plus room to sort and iron. If you want to add a laundry room, think of putting it in the basement or in an area where there are utility lines and plumbing is accessible. Since the utility lines are already there and many basements aren’t finished, it’ll be much cheaper to install than if you have to take out walls or move utility lines.

Cost to install: $1,000 to $10,000*

2. Exterior lighting

90% of buyers want a home with outdoor lighting, including spotlights, walkway lights, and pendant lights. Not only does this lighting highlight your home’s curb appeal, it’s also a safety measure. For example, motion lights will turn on whenever they sense movement.

Cost to install: $63 to $135 per fixture*

3. Energy-efficient windows and appliances

Energy Star-rated windows and appliances are a top choice of buyers–90% prefer energy-saving appliances and 87% prefer energy-saving windows. Energy-efficient windows can reduce heating and cooling costs by 12%. Additionally, homeowners may save up to $40 a year on their utility bills by including energy-efficient appliances in their homes.

Cost to install: $270 to $800 each for windows; cost varies for appliances*

*Source: Kiplinger, August 2016 © 2017 Buffini & Company. All Rights Reserved. Used by Permission. RMMK APRIL C

4. Patio

More than 84% of buyers feel a patio is an important home feature. Many people entertain outside during the warmer months of the year and a patio allows them to do so without having to modify their home.

Cost to install: $961 per 120 square feet for a concrete patio*

5. Hardwood floors

For 82% of buyers, hardwood floors are a desirable selling point in a home. Hardwood floors tend to be more durable and easier to maintain than carpet. They also offer a timeless aesthetic to a home. Homeowners can add rugs to improve the warmth of a space or tie the room together.

Cost to install: $1,473 per 120 square feet of unfinished hardwood; $1,353 per 120 square feet of prefinished hardwood*

6. Garage storage space

Storage is important to 81% of buyers, especially if they have growing families. Additional storage in the garage keeps the main living areas free of clutter and is more accessible than the attic or basement spaces. Improvement options include installing pegboards on the wall for tools, improving the lighting and electrical circuits, or adding cabinets.

Cost to install: $2,025 - $2,363 for a 380 square-foot space*

7. Eat-in kitchen

Many buyers (80%) like the appeal of eating their meals in the kitchen, especially if they have children. Creating space in the kitchen for a small table and chairs may be as simple as removing a wall. You will want to make sure the wall is non-load-bearing, with limited repair work involved, and without pipes or wires needing to be removed. If the wall contains any of these factors, your costs could increase dramatically.

Cost to install: $1,000 to $10,000*

Other Features that Make Your Home Stand Out:

While buyers may not have cited the following features as ones they specifically look for in a home, they are ones that are appreciated. Most buyers, especially first-timers, find added value in a home with the following:

An updated kitchen.

If your kitchen hasn’t been updated in years, a minor renovation may be in order. For a minor update, paint the walls and replace lighting and cabinet fixtures to present a fresh look. An updated bathroom. As with the kitchen, a dated bathroom is a drawback for many buyers. You don’t have to break the bank; updating the sink, toilet and shower or bathroom fixtures will go a long way in giving it a modern look.

An open floor plan.

Whether they intend to entertain guests or simply want to keep an eye on the kids while they cook, many buyers, especially millennials, are attracted to an open floor plan. If your home has an open floor plan, play it up. Otherwise, look into taking down non-load-bearing walls if you’d like to create a larger space.

A home office.

Americans are working from home now more than ever. Even if the buyers aren’t planning on working from home, a home office creates a space where buyers can pay bills or plan for work. It can also double as a guest bedroom.

A wireless security system.

Safety is important. A wireless home security system is one of the top technology features buyers would like to have in their new homes.

Worcester has grown a ton and we still have room left

Worcester has grown a ton and we still have room left

‘Still the best thing in Worcester’: A decade of growth transformed the Canal District; Plans for 2021, beyond build off that momentum

By Michael Bonner | mbonner@masslive.com

A decade isn’t long in a city like Worcester, which began its history under British rule.

But within a few square blocks of the Canal District, the last decade created a lifetime of change.

Turn back the clock to 2011 and the landscape of the city’s most bustling neighborhoods is unrecognizable.

Kelley Square - without a peanut - remains one of the state’s most dangerous intersections. A vacant dirt lot sits where the Worcester Public Market now welcomes hundreds of people daily. North, up Green Street, Crompton Collective, Birchtree Bread, Smokestack Urban Barbecue are yet calling the District home.

Worcester Canal District transformation

The transformation within the Canal District over the last decade included the addition of the Worcester Public Market.

The Pawtucket Red Sox remain happy in Rhode Island. A few blocks northeast, the Presmet/GKN Sinter Metals industrial complex is surrounded by a chain-linked fence and large tanks, years before the Fidelity Bank Ice Arena welcomed the youth hockey players.

Work had only started to transform a furniture store into the Canal Lofts.

A dental supply store occupies the space where igloos now light up outside Lock50.

Worcester Canal District transformation

The transformation within the Canal District included the addition of Lock50 on Harding Street.

Grease, oil and auto supplies filled the building now known for sweets and sprinkles at the Queen’s Cups. The examples are far from a comprehensive list documenting the evolution from an industrial neighborhood to one that rivals any in New England.

The development isn’t complete, though.

Plans in 2021 include small updates like new vendors in the Worcester Public Market to monumental moments like opening Polar Park in April.

The blueprints for the District already extend into 2022 with candlepin bowling and housing. A neighborhood that’s experienced an overhaul during the last decade is actually just getting started.

“I was drawn to this neighborhood because it had potential to be a walkable shopping neighborhood, which Worcester was lacking then unlike Northampton, Portsmouth New Hampshire, The South End.,” said Amy Lynn Chase, who opened Crompton Collective in 2012. “I remember one of my main goals in 2012 when we opened was to someday have enough businesses to do a holiday stroll, which The Canal District has done for a few years now.”

A global pandemic hasn’t hindered the momentum. Even when restaurants were restricted to 25% capacity, couples waited outside for seating as temperatures flirted with dipping below freezing.

Parked cars lined the streets and filled the parking lots.

“I think we’re still the best thing in Worcester,” said Allen Fletcher, who developed the Worcester Public Market.

The reputation is only expected to grow in 2021 and beyond.

The last decade brought shops and restaurants. Another phase in transformation of the area will bring housing. Construction is already underway for housing in the vacant building next to the Canal Lofts. South of Madison Street and across from Polar Park, the first of two housing developments is expected to break ground soon. Plans also call for a hotel near the ballpark.

Transformation of Canal District in Worcester

The transformation over the last decade within the Canal District included the development of Polar Park.

The largest parcel in the District, Table Talk Pies’ bakery, begins its transition to housing in early 2022. Boston Capital Development has plans for at least one six-story, 80-unit affordable housing building.

“I think the developers are so attracted to this area because they see all the hard work that we have put in and how quickly it added value,” Chase said. “As long as these brands have Worcester’s best interest at heart I think it will only grow our culture down here of being a welcoming and unique destination for New England.”

The development by the multifamily housing investment company is only the first of a multiphase project. For perspective, Fletcher said the Table Talk Pies site is six times larger than the Worcester Public Market, which raises some fears for the development.

“If it is literally a housing project, it doesn’t help,” Fletcher said. “It supplies us with some people. Mazel tov. But look at the area around any housing tower in Worcester. Look at the area around them, what do they accomplish? Usually not much.”

Fletcher hopes the housing conglomerate will activate the street-level space - much like the Worcester Public Market - with retail space.

Boston Capital won’t be able to start the project until Table Talk Pies moves into its new home in the Main South neighborhood by the end of 2021. Plans are still somewhat fluid for the first phase of the project beyond the 80 housing units.

Managing Director for Boston Capital Develop Rich Mazzocchi told Masslive last month that the four-acre lot contains more retail opportunities to complement the Worcester Public Market and the Crompton Building.

“We think the Green Street location particularly in the existing building sets up really well for any number of retail uses,” Mazzocchi said. “Once we all bounce back and the vaccine rolls out, I think that’s when we’ll really focus on specific uses and tenants.”

Table Talk Pies' rogue Twitter account remains a mystery

Table Talk Pies retail store manager Caitlin Enck and Worcester podcaster Ricky Nelson are trying to get to the bottom of who is running a rogue Twitter account under the company's name.

Despite appearing to be the new out-of-town kid on the block, Boston Capital has hired Dan Benoit, a Worcester native and architect, to design the $36 million first phase of the project.

Officials in Worcester connected Boston Capital with Table Talk Pies, City Manager Edward Augustus Jr. said.

“They’re big and they have a good reputation that precedes that. We knew that reputation,” Augustus said. “We knew we had a known entity that would listen to feedback from the city. We talked to them quite a bit that this can’t be a suburban kind of design building. This is going to be in one of the most conspicuous locations in the city and it needs to fit in with the area it’s in. It needs to be pleasing to the aesthetic sensibility of the Canal District.”

Augustus sees the Canal District further evolving into an urban hub where millions of people migrate to the neighborhood annually from other neighborhoods in the city but from surrounding towns as well.

Some of the population will be permanent with hundreds of units coming online within the next year or two.

Others will spend the day in the neighborhood grabbing a beer at Wachusett Brewing Co. or Bay State Brewing Co., taking in a ballgame at Polar Park or knocking down bowling pins. Visiting the neighborhood will be met with similar expectations as visits to Boston or other cities highlighting walkability rather than parking proximity.

“You go to Beacon Hill, you can’t just pull up to a townhouse and find a parking space,” Augustus said. “But there are other benefits to being there like there’s a lot to walk to. You don’t really need a car or need it as often.”

Worcester Canal District transformation

The transformation within the Canal District from 2011 to the current site of the Fidelity Bank Worcester Ice Arena.

Boston Capital has already announced, as part of its first-phase development, that it will resurrect Spruce Street as a connection from Green Street to Washington Street.

“That’s one thing we want to have happen at the Table Talk Pies site is to reestablish that walkability,” Fletcher said. “Instead of it being this big obtuse site that you can’t cross.”

The District’s proximity to downtown and Union Station breeds confidence within the city manager that cars will be seen as a luxury rather than a necessity within the neighborhood. The ecosystem from Green Street to Water Street allows for access to food, entertainment, transportation and work opportunities within a 10-minute walk

“I really do think if you’re talking two years or three years, you’re going to get people who don’t want cars or they’re going to use zip cars or shared cars,” Augustus said. “...That wouldn’t work in West Tatnuck. That wouldn’t work on James Street. It wouldn’t work everywhere in the city.”

The demand to live in the District has generated some of the highest rents in the city. According to Zumper, the median cost for rent of a one-bedroom apartment in Worcester in February is $1,300. The median cost of a two-bedroom is $1,450.

According to apartments.com, only a handful of units are available within the Canal District. Rent runs from about $1,600 for a one-bedroom to $2,000 for two bedrooms.

Those figures fall in line with median rent costs in Boston suburbs like Chelsea and Melrose, according to Zumper.

“When the city puts money into these projects, we are usually requiring an affordability component to it as a way to make sure that the market may be demanding $2,000, $2,200 in downtown Worcester, but we know there’s a lot of people who can’t afford that,” Augustus said.

Grass covers the outfield at Polar Park

The diamond at Polar Park looks like a baseball field with grass in the outfield, three bases, a pitchers mound and home plate.

A healthy community is not an exclusive community.

The future of the Canal District includes a candlepin bowling alley, housing, a professional baseball stadium, a hotel and more.

Unlike the previous 10 years, though, the growth over the next decade is meant to work with features already existing in the neighborhood from crepes to bubble tea, two breweries, a pair of arenas, a butcher’s shop and countless eateries.

Augustus, though, believes any growth should hinge on prospering diversity.

“You don’t want all people in one particular income group [in one section of the city]. You want that mix,” Augustus said. “That mix is really what makes that good, healthy, vibrant neighborhood. I think that’s what we’re trying to do.”

Don't buy a home until you read this!

Don't buy a home until you read this!

Real estate is fun to talk about and as real estate agents, we frequently get asked about the state of the market.  The best place to start is a deep dive into what the numbers are telling us about the current state of the market.  

The single-family market in Massachusetts has seen a 52% decrease year over year of homes being listed for sale.  For comparison purposes, last September 12,166 homes were listed for sale as compared to 5,827 today.  With the extreme tightening of inventory, there has been an 8% increase in the median list price and days on market have declined by 41%.  

The single-family market in Worcester County has seen a 55% decrease year over year of homes being listed for sale.  Again with low inventory, there has been a 6% increase in the median list price and days on market have declined by 41%. Worcester County still is one of the more affordable areas of the state to purchase a home.  The median list price in Worcester county is $349,900 as compared to the state-wide median list price of $483,500.  As a result, many buyers are flocking to Worcester county.  

So what do all these statistics mean for buyers?

First, when getting ready to purchase a home speak to a real estate agent.  Who you work with matters.  Treat your first meeting like an interview and ask them about their experience level, communication style, and if real estate is a full-time profession.  Online reviews also provide first-hand accounts and can help buyers narrow down who they want to work with.  

The second step in the process is reaching out to a loan officer.  Most real estate agents can provide recommendations.  Having a pre-approval loan in this market is a must-have.  It also serves to give you an understanding of your budget and how much home you can afford.

Now you are ready to start looking for your new home.  Buyers should be prepared for multiple offers, quick deadlines for offers, properties going over the asking price, larger down payments and possibly modifying some contingencies.  Your agent will help you draft the most competitive offer and present it to the sellers.  It may take several months and offers to get that perfect new home but if you follow the recommendations it is achievable.

If you are interested in learning more about the buying process please reach out to us today. Our agents have extensive experience and have successfully closed 35 transactions in the last three months alone.  Remember who you work with matters.

Written by Kathleen Kelly

HELP WHO DO YOU KNOW: Real Estate Administrative Assistant / Transaction Coordinator

HELP WHO DO YOU KNOW: Real Estate Administrative Assistant / Transaction Coordinator

Job Description: Experience in an administrator role required. We are looking for the best of the best. We will be very competitive on rate/salary as well as provide benefits.

Do you have a passion for being prepared, supporting a team by anticipating their needs, and working on many types of duties in a fast-paced environment? Are you glue? The right hand? The person who is behind the scenes making sure the trains run on time? Do you thrive in an environment where you are supportive, positive, and making a powerful difference in a team's productivity?

Busy real estate team seeks a Transaction Coordinator/Executive Assistant who wants to learn, grow, and execute! You must have the following abilities:

- Exceptional organizational skills, initiative, and a quick learning ability

- Strong computer skills (all Office software, database management, social media skills, familiarity with Google Apps)

- Strong written and verbal communication skills

- Ability to prioritize work in a time-sensitive environment

- Excellent attention to detail- Positive, friendly, and supportive attitude

- Ability to work independently in a team environment- Ability to maintain confidentiality

You must be:

- Personally accountable

- Positive, friendly, and supportive

- Adept at self-management

- Excellent at planning and organizing

- A continuous learner who is interested in growth

Some of your daily duties will include: being at a computer for multiple hours/day, managing client communication, managing multiple email boxes, team phone lines, and social media sites, working towards deadlines, entering client information into our database, preparing new client folders and paperwork, as well as managing leads and listings. Growth opportunity to take on listing management and other roles. This is not the position for someone who just wants to get their foot in the door for sales (contact us anyway and we can help with you that another way).

To learn more about the current team, check out our website:

https://www.thejarboegroup.com/about-us/

The 4 Steps towards getting your Real Estate License

The 4 Steps towards getting your Real Estate License

Step 1: Take a pre-licensing course

Cost: $200 to $300

States require people to take pre-licensing training from a certified institution before they can sit for the real estate licensing exam. The required number of training hours can vary significantly by location. In Massachusetts, for example, real estate agents must take 40 hours of pre-licensing training, but in other states classroom time can vary.

The course will teach you real estate principles, real estate practices, and the legal aspects of the business.  Go to https://www.mass.gov/service-details/authorized-real-estate-schools-in-massachusetts for information on authorized schools in Massachusetts.  

Pre-licensing courses can be taken in person or online. 

Step 2: Take the licensing exam

Cost: $100 to $300

Your real estate school will provide information on how to sign up to take the licensing exam.  You will have up to two years from the completion of the course to take the exam.  Exams are typically divided into two portions: one on federal real estate laws and general real estate principles, the second on state-specific laws. Both typically consist of 60 to 100 multiple-choice questions, including math questions that require you to use a calculator. Most pre-licensing courses provide students with sample tests, and there are many sample tests available online.

Step 3: Passed your test? What’s next?

  • Activate your license through your state real estate commission's website. Activation fees vary but typically cost around $200 to $400.

  • Pay for membership to the local multiple listing service. Membership in your local MLS is essential, since you must use the system to list properties, the service also enables you to easily pull a property's tax information, analyze market trends, and see listings before they go on the market.

Step 4: Join a brokerage

In order to become a real estate agent and legally practice real estate, you must work under a supervising broker. Brokers are licensed by the state to oversee real estate transactions and ensure that real estate salespeople are adhering to the required legal and ethical standards.  

Most brokerages pay their agents only by commission and you will be considered an independent contractor.  For newer agents, brokerages that provide training can be extremely helpful in launching a successful career.

Fail-Forward, with Justin Jarboe

Forgot to post this earlier. Justin was interviewed on a national podcast regarding his investing journey. Please click on the link to listen now.

https://www.myinvestmentservices.com/podcasts/justin-jarboe/

What You Will Learn:

  • Justin Jarboe’s journey into real estate investing

  • The challenges Justin has faced in real estate and how he overcame them

  • Why the fail-forward approach is the best approach to professional development

  • The importance of tying your real estate goals to emotional motivators

  • How Justin built a portfolio of twenty doors despite experiencing numerous setbacks

Looking for the perfect place to invest?

Looking for the perfect place to invest?

Looking to invest in real estate and having a hard time choosing between the different areas? Boston might be the way to go!

According to a recent report by home co-investment company Unison, Boston is likely to be the most resilient housing market during the coronavirus recession. According to the report, Boston’s resiliency is due to the concentration of IT and financial services jobs. Read the first article for the other cities on the resilient list, and also for a list of the most vulnerable cities.

To learn more about investing in Boston and central MA, please call us now. 508.322.1499

15 Tools Every Homeowner Should Own

15 Tools Every Homeowner Should Own

The following items are essential tools, but this list is by no means exhaustive. Feel free to ask the inspector during your next inspection about other tools that you might find useful.

1. Plunger A clogged sink or toilet is one of the most inconvenient household problems that you will face. With a plunger on hand, however, you can usually remedy these plumbing issues relatively quickly. It is best to have two plungers -- one for the sink and one for the toilet.

2. Combination Wrench Set One end of a combination wrench set is open and the other end is a closed loop. Nuts and bolts are manufactured in standard and metric sizes, and because both varieties are widely used, you’ll need both sets of wrenches. For the most control and leverage, always pull the wrench toward you, instead of pushing on it. Also, avoid over-tightening.

3. Slip-Joint Pliers Use slip-joint pliers to grab hold of a nail, a nut, a bolt, and much more. These types of pliers are versatile because of the jaws, which feature both flat and curved areas for gripping many types of objects. There is also a built-in slip-joint, which allows the user to quickly adjust the jaw size to suit most tasks.

4. Adjustable Wrench Adjustable wrenches are somewhat awkward to use and can damage a bolt or nut if they are not handled properly. However, adjustable wrenches are ideal for situations where you need two wrenches of the same size. Screw the jaws all the way closed to avoid damaging the bolt or nut.

5. Caulking Gun Caulking is the process of sealing up cracks and gaps in various structures and certain types of piping. Caulking can provide noise mitigation and thermal insulation, and control water penetration. Caulk should be applied only to areas that are clean and dry.

6. Flashlight None of the tools in this list is of any use if you cannot visually inspect the situation. The problem and solution are apparent only with a good flashlight. A traditional two-battery flashlight is usually sufficient, as larger flashlights may be too unwieldy.

7. Tape Measure Measuring house projects requires a tape measure -- not a ruler or a yardstick. Tape measures come in many lengths, although 25 feet is best. Measure everything at least twice to ensure accuracy.

8. Hacksaw A hacksaw is useful for cutting metal objects, such as pipes, bolts and brackets. Hacksaws look thin and flimsy, but they’ll easily cut through even the hardest of metals. Blades are replaceable, so focus your purchase on a quality hacksaw frame.

9. Torpedo Level Only a level can be used to determine if something, such as a shelf, appliance or picture, is correctly oriented. The torpedo-style level is unique because it not only shows when an object is perfectly horizontal or vertical, but it also has a gauge that shows when an object is at a 45-degree angle. The bubble in the viewfinder must be exactly in the middle -- not merely close.

10. Safety Glasses / Goggles For all tasks involving a hammer or a power tool, you should always wear safety glasses or goggles. They should also be worn while you mix chemicals.

11. Claw Hammer A good hammer is one of the most important tools you can own. Use it to drive and remove nails, to pry wood loose from the house, and in combination with other tools. They come in a variety of sizes, although a 16-ounce hammer is the best all-purpose choice.

12. Screwdriver Set It is best to have four screwdrivers: a small and large version of both a flathead and a Phillips-head screwdriver. Electrical screwdrivers are sometimes convenient, but they're no substitute. Manual screwdrivers can reach into more places and they are less likely to damage the screw.

13. Wire Cutters Wire cutters are pliers designed to cut wires and small nails. The side-cutting style (unlike the stronger end-cutting style) is handy, but not strong enough to cut small nails.

14. Respirator / Safety Mask While paints and other coatings are now manufactured to be less toxic (and lead-free) than in previous decades, most still contain dangerous chemicals, which is why you should wear a mask to avoid accidentally inhaling. A mask should also be worn when working in dusty and dirty environments. Disposable masks usually come in packs of 10 and should be thrown away after use. Full and half-face respirators can be used to prevent the inhalation of very fine particles that ordinary facemasks will not stop.

15. Duct Tape This tape is extremely strong and adaptable. Originally, it was widely used to make temporary repairs to many types of military equipment. Today, it’s one of the key items specified for home emergency kits because it is water-resistant and extremely sticky.

Walsh Home Inspections

4 Clover Court

Cumberland, RI 02864

(339) 298-1124

info@walshhi.com

www.walshhi.com 

You’re on a Forbearance Plan…Now What?

You’re on a Forbearance Plan…Now What?

Frequently Asked Questions
Here is a list of frequently asked questions about forbearance plans and your responsibilities:

Question: 
What is a forbearance plan? 

Answer: 
A forbearance plan allows you to temporarily stop making your monthly mortgage payments during the forbearance period. It is important to understand that forbearance is not forgiveness – it is temporary relief. Any unpaid payments will become due and payable at the end of the forbearance period, and any partial payments made during the forbearance period will reduce the amount you owe when the forbearance period ends.

During the forbearance term, late charges and other fees will be suspended. If your loan is current at the time of entering into a forbearance plan, then each month you are in the forbearance plan we will report the status of the account to the credit reporting agencies as current. If, however, your loan was delinquent prior to entering into a forbearance plan, we will maintain that delinquency status during the period of the forbearance. If you are able to bring the loan current during the forbearance plan, we will report the account as current.

If you are unable to repay all missed payments at the end of the forbearance period, we will need to evaluate a permanent payment solution, such as loan modification, repayment plan or other approved option to bring the loan to a current status and avoid negative credit reporting. We will contact you via email prior to the end of your forbearance with a questionnaire to help determine available options. You will receive additional correspondence reminding you of next steps approximately 6-8 weeks prior to the end of the forbearance period.

Question: 
If I don’t request help with my payments now, will assistance be available for me later if I need it?

Answer: 
Yes, you can apply for assistance anytime on our website. 
 

Question: 
What should I do now that I am on a forbearance plan?

Answer: 
It is important that you do the following:

  • Return any documents that require your signature within 14 days of receipt to ensure your plan does not get cancelled;

  • Make partial payments, when you are able. It will reduce the total amount you will owe at the end of the forbearance period;

  • Inform us if your financial circumstances change;

  • Check your email for updates from us. We will send you periodic email updates to keep you informed about your forbearance plan; and

  • Register your account online if you haven’t already done so to view your account, forbearance plan details and new information as it becomes available.
     

Question: 
Why aren’t my payments being deferred?

Answer: 
We understand that the difference between deferment and forbearance can be confusing. Deferment (or payment deferral) typically means that payments are forgiven or added to the balance of your loan. This option is currently unavailable. However, forbearance plans are available and allow you to temporarily stop making your monthly mortgage payments during the forbearance period. Any unpaid payments will become due and payable at the end of the forbearance period.
 

Question: 
When do I need to contact you about my forbearance plan?

Answer:  
You only need to contact us if you wish to cancel your forbearance plan or adjust the duration of the forbearance period. All other questions can be answered by reviewing your account online. We will continue to update the “Frequently Asked Questions” as new information becomes available.

Question: 
Will a forbearance plan negatively affect my credit?

Answer: 
If your loan is current at the time of entering into a forbearance plan, then each month you are in the forbearance plan we will report the status of the account to the credit reporting agencies as current. If, however, your loan was delinquent prior to entering into a forbearance plan, we will maintain that delinquency status during the period of the forbearance. If you are able to bring the loan current during the forbearance plan, we will report the account as current.

Question: 
If I did not make payments before the forbearance plan started, will those payments be reported as late? 

Answer: 
No new delinquencies will be reported.

Question: 
My forbearance doesn’t start until next month, but I have a payment due for this month. What should I do?

Answer: 
You don’t need to do anything right now. Even if the letter you received says the forbearance doesn’t begin for another month, no payment is required for this month.  However, you have the option to make a full or partial payment, if you are able. Any full or partial payments will reduce the amount owed at the end of the forbearance period.
 

Question: 
Will I be charged any fees while I’m on forbearance?

Answer: 
Late fees will not be charged for any payments during your forbearance period. Phone pay fees and other fees will also be suspended.
 

Question: 
I have auto-draft setup on my account. Will monthly payments still be drafted? Should I cancel my auto-draft?

Answer: 
We will suspend the auto-draft when we set up your forbearance. Auto-draft must be cancelled 3 days prior to the draft date. If you have payments scheduled prior to the setup of your forbearance, those drafts will need to be cancelled.

Question: 
Will I still receive letters about the account delinquency status while the account is in forbearance?

Answer: 
Yes, due to investor guidelines we must send certain letters which may include statements regarding the account delinquency. However, you will not be required to make payments during the forbearance period and we will not assess late fees or report the account negatively to credit reporting agencies.
 

Question: 
How long is the forbearance period?

Answer: 
The details of your forbearance plan may be viewed online once you log into your account. Depending on the type of loan you have, you may have the option to forbear, or “pause” your mortgage payments for up to 180 days. You may also be eligible to an extension of the initial term. We will contact you via email towards the end of the initial forbearance period with a questionnaire to determine next steps.

Question: 
What happens when the forbearance ends?

Answer: 
We will send you an email 6-8 weeks before the end of your forbearance plan to let you know what we need from you as you prepare to transition to regular monthly payments. We will include information about options that may be available to you if you are not ready to resume your regular payment schedule.
 

Question: 
What happens to the payments I didn’t make during the forbearance period?

Answer: 
All payments will become due at the end of the forbearance period; this includes any payments not made prior to the beginning of your forbearance. If you are able to make partial payments during the forbearance period, it will help reduce the amount due at the end of your forbearance period. If you are unable to pay the full amount to bring your loan current when your forbearance plan ends, we will work with you to determine what options are available to help you get back on track.
 

Question: 
What happens if I am unable to repay all the missed payments when my forbearance plan ends?

Answer: 
If you are unable to resolve your outstanding balance when your forbearance plan ends, we will work with you to determine which programs best fit your financial situation at that time. The options we may offer include a loan modification, repayment plan or other options approved by Investor, State and Federal agencies.
 

Question: 
How do repayment plans and loan modifications work?

Answer: 
Repayment Plan - 
A repayment plan allows you to pay the accumulated amount during the forbearance plan you owe over monthly installments which are added to your regular monthly payments until the accumulated amount is paid in full. 

Loan Modification If you are unable to resolve the outstanding amount with a repayment plan, you may be eligible for a loan modification. If you qualify, this option would permanently change the terms of your mortgage to bring you current. It may involve a reduction in the interest rate, an extension of the length of time for repayment, a restructuring of the loan, or any combination of the three. When you are near the end of your forbearance, we will provide more information about these and other options approved by Investor, State and Federal agencies. 
 

Question: 
How do I cancel my forbearance plan?

Answer: 
Contact us if you wish to cancel your forbearance plan.

Information provided by Lakeview Loan Servicing, LLC subservicing by LoanCare

Covid-19 FAQ For Real Estate

Covid-19 FAQ For Real Estate

1.What is happening with the residential real estate market in Massachusetts?

We will start to see how this crisis is playing out in the late April numbers.  The market in Massachusetts for the past two years has been one of high demand and low inventory.  If this continues expect to see multi-offer situations on desirable properties. Buyers should be working on improving credit, saving money and being prepared to make offers on properties potentially without spending much or any time in the property.  Sellers should be prepared for more negotiations on inspection concerns and to potentially offer to cover the cost of a one-year warranty on the property.  

 

2. What are real estate agents doing to manage pending deals? Closing delays?

 - Drive-through closings to minimize contact.

- Both buyers and sellers should expect closing delays - Covid-19 addendums are being added to new offers to anticipate the need for potential closing date extensions for various reasons.

 

3. What is happening with financing for new purchases? 

- For FHA/VA, requirements vary according to the lender and are not universal but in general standards are being tightened across the board.  Rule of thumb is a credit score minimum of 680 but some, like Chase have already increased the minimum to 700. Most lenders are requiring a verbal confirmation of employment 3 days prior to closing and may expect buyers to bring more cash to the deal.

 

4. Should I refinance?

 Speak with a lender to see if it makes sense for you to refinance your property.  Rates have been on a roller-coaster ride as of late. The general guidance for refinancing is that refinancing can be worth it if there's a difference of at least one percentage point between your current mortgage rate and the new rate you can get.

 

5. My job is secure and I need to buy a home in the next three months, what can I expect the process to be like?

 - You will need to have a pre-approval letter to tour a home in person

- Expect to wear protective gear (mask, gloves and booties)

- Limited time in the property and all doors, etc to be opened

- Hands-off policy

- No more than three people in the house and children under 18 are not allowed.

 6. I was considering selling my home this Spring, is it better to wait until things have settled down?

 As a seller you need to consider the market of the moment.  It is best to speak with a qualified real estate agent in your local market to understand inventory and demand in your particular area.  If inventory is low and buyers are active looking in your area selling your home now might be easier than you think.

  

7. Will there be more opportunity in this market for buying investment properties?

In short, yes. With any correction, recession, depression, and natural disaster, there are opportunities. We recommend holding onto your cash for the near future and wait to find the great deals. The great deals of yesterday and not the same great deal of tomorrow. The way in which we are looking at and analyzing deals has changed.

 There will be opportunities in the coming months but plan to wait at least until mid-3rd quarter to see an uptick in short-sales and distressed properties coming on the market.  

 

Written by

 

Kathleen Kelly

The Jarboe Group, Keller Williams Realty

60 Shrewsbury Street, 2nd Floor

Worcester, MA 01604

Cell 508.252.8730

 

Feeling the pressure of COVID19?

Feeling the pressure of COVID19?

It is reported that 10 million, yes million, Americans filed for unemployment in the weeks ending March 21 and March 28. To put that into perspective, that is nearly 10x higher than any two week period in history. In efforts to flatten the curve of coronavirus cases, businesses are being asked to close and 92% of Americans are under stay-at-home orders. Consequently, unemployment rates continue to rise.

There is no question that these numbers are deeply overwhelming. Along with uncertainty, they also are a reminder that you are not alone during these unprecedented times. 

You do not need to deal with the emotional stress by yourself. If you are worried about the future and the risk of foreclosure, we are here to help. Our team has professional and personal experience with short sales. A homeowner can benefit from a short sale because it allows you to get out of a difficult financial situation without having to go through the foreclosure process. A foreclosure will significantly damage your credit and negatively affect your ability to borrow money for a prolonged period of time. We understand this can be uncomfortable to talk about. Having members on our team that have gone through a short sale personally, we understand the pressure. We are here to help and educate you on your options. 

Click the link below for more in depth information on short sales found on our website:

https://www.thejarboegroup.com/hardship#housing-options

Or, watch this short youtube Video with Justin, our team leader, speak with Short Sale attorney Andrew Coppo:

https://www.youtube.com/watch?time_continue=2&v=cZF9C48xp7M&feature=emb_logo  

Watch the full series of videos, including Justin’s personal experience with short sales, on our website:

https://www.thejarboegroup.com/hardship#housing-options

Having the right people on your side is important, let’s work together to navigate through these difficult times.

Written by:

Kayla Gibney, Realtor

The Jarboe Group

Keller Williams Realty

60 Shrewsbury St., 2nd Floor

Worcester, MA 01604

Cell: 774.279.6345

Email: kayla@thejarboegroup.com

kayla.buywithjustin.com

THE HERO WE DESERVE

THE HERO WE DESERVE

THE HERO WE DESERVE

Buyer finally finds dream property. Realtor negotiates offer. Seller accepts. Life is good.

Just kidding! We all know it rarely happens that way, although we do strive to make the process as smooth as possible for our clients. 

Last week as our buyer was approaching the end zone and waiting on final confirmation to close on his condo purchase, we received the dreaded call that the underwriter would not approve the loan. Generally, this is one of the worst things that can happen to a buyer. Unless the buyer plans to use cash for the purchase, they will need to find a new lender or update the terms of the loan and extend the process by another 30-45 days. All while crossing their fingers that the seller agrees to it so they don't lose the property and start back on the bench. 

As we prep our buyer for the worst, the lender puts on his cape and goes to work...

Here's the thing. In order for a condo to be marketable in a lender's eyes, the condo is required to either allocate funds equal to 10% of the annual dues income to a reserve account, provide a budget with at least 10% allocated to reserves, or have a professional reserve study completed which shows they do not need the 10%. Back in the day, this wasn't an issue, however today there is a growing trend of property management companies outright refusing to meet the requirements. This makes it increasingly difficult for some buyers to secure financing and limits a seller's pool of potential buyers to all-cash buyers who are typically few and far between, or buyers with a hefty downpayment.

Now, in the time it took us to tell our buyer his options, the lender was able to work his magic and get the loan approved with a slight increase in downpayment to satisfy the underwriter, and only a few days added to the closing. Our buyer is happy, the seller is happy, and we have a closing scheduled for later this week!

PSA: A good lender is invaluable. When selecting a lender, we suggest finding someone who knows the rules, has a sense of urgency, and is willing to go above and beyond to get your loan approved. Michael Flanagan is the hero of this story and a lender we are happy to recommend to our buyers! 

Written by: Alexandra Nakollari, Buyers Agent with The Jarboe Group Real Estate Team

19 Assisted Living Facilities near Worcester, MA

19 Assisted Living Facilities near Worcester, MA

Thinking ahead or planning for a family member? Figuring out everything assisted living can be a big pain in the butt. Thankfully, Caring.com is a leading senior care resource that provides information on topics like financial support and care options that are available in Worcester. If you or a loved one are considering assisted living, learn more about it here.

Worcesters Supply and Demand Challenges

Worcesters Supply and Demand Challenges

IN SHORT, NOW HAS NEVER BEEN A BETTER TIME TO SELL. IF YOU ARE ON THE FENCE ABOUT SELLING NOW OR IN THE NEXT YEAR, SCHEDULE A CALL / MEETING WITH OUR TEAM NOW.

WORCESTER, Mass. - February 14, 2010 -  The Massachusetts Association of Realtors® (MAR) put out their monthly “hot topic” question for January 2020. They asked Realtors® to “describe their clients’ current attitudes towards the home buying and selling process as housing inventory continues to plunge”.

As for buyers, over 90 percent of respondents reported that their buyer clients were either somewhat frustrated but still hopeful and aggressively in the market (57%), increasingly frustrated and complaining or weighing other options, (24%), or very frustrated and taking a break from house-hunting right now (12%). “There is always going to be segments of buyers and sellers that are somewhat immune to market conditions due to either their financial health or family situation,” said 2020 MAR President Kurt Thompson, broker at Keller Williams Realty North Central in Leominster. “But for the rest of buyer and seller clients out there, the lack of inventory is a frustrating situation.”

Thompson stated “While football-free weekends and mild temperatures in January helped, it’s truly the demand to live in Massachusetts that has kept prices going up.”

With inventory of single families and condominiums still below 10,000, we are reaching record lows in Massachusetts. As of today, there is a 1.49 months supply of inventory of single family homes available in the state. Months supply of inventory is a calculation that quantifies the relationship between supply and demand within the housing market. A balanced market is considered to be somewhere between a 4 and 6 months supply of inventory. Below 4 months, it is considered a seller’s market, giving the seller's asking price power. If the inventory is above 6 months supply, it is considered a buyer’s market and gives buyers the upper hand in negotiations.

1.PNG

The Worcester market is no exception to the decline of inventory. Months supply of inventory of single family homes is down 43.64% from this time last year. Prices of homes continue to rise as inventory goes down. Worcester’s hot multifamily market has seen record breaking prices to start off 2020. Months supply inventory of multifamilies is down 34.88% as demand continues to grow steadily. Just in the last few weeks, we are seeing offers as high as $90,000 over asking price.

2.PNG

Low inventory is not only in Massachusetts. According to the 2020 National Housing Forecast from Realtor.com, inventory will still struggle to grow throughout 2020 and could instead “reach a historic low level.” With unemployment still near 50-year lows, interest rates predicted to stay below 4% throughout the year, and the stock market at all-time highs, the main concern for home buyers will not be what they can afford to buy. Instead, the concern will be what they can actually find to buy.

Holiday Travel Tips

Holiday Travel Tips

Holiday Travel Tips


Since many people take time off to visit family and friends in other places, the holidays are the busiest time of year to travel. According to a survey from the American Automobile Association (AAA), more than 99 million Americans travel between the days leading up to Christmas and New Year’s. It’s also one of the most stressful times to travel, with people reporting it was as taxing as moving. Take the stress out of holiday travel with these tips.


IF YOU’RE FLYING
  • Do your research. Whether you’re planning weeks in advance or you’re trying to get a last-minute deal, it helps to do your research. Choose flexible travel dates to help you pinpoint the best deal. Also, consider flying into an alternate airport nearby that may not be as busy.
  • Plan carefully. Flying in the winter may increase the chances of flight delays due to inclement weather. Avoid narrow layover times to reduce the chances of missing connecting flights or choose connections in warmer cities, if possible.
  • Pack light. More airlines are charging to check bags. Save money by packing lighter or sending items ahead to your destination instead of bringing them on the plane. Send gifts to their destination, or if you must bring them with you, don’t wrap them.
STAY HEALTHY WHILE YOU TRAVEL
  • Stay hydrated. Bring a water bottle and fill it at a water fountain once you pass through security, or purchase water from a vendor in the secured area. Since the pressurized cabin of the airplane tends to dry the eyes and nasal passages, increase your water intake to keep germs away. Water may also help prevent blood clots.
  • Bring your own blanket and pillow. While some airlines still provide these amenities, most do not. Plus, carrying a small, foldable blanket and a neck pillow will reduce the number of germs you’re exposed to.
  • Bring healthy snacks, including nuts, dried fruit and other easily portable food items.
  • Move around to avoid blood clots. Blood clots are a major concern when flying, especially if you are flying cross-country or overseas. Get up and walk around the cabin, if possible. While seated, tap your feet or do seated calf raises to improve blood circulation.
IF YOU’RE DRIVING
  • Get your car ready. Take your car in for a tune-up and address any potential issues beforehand. Have the mechanic check fluid levels and check your tires as well.
  • Plan your route ahead of time. Whether you’re driving a few hours or a few days, it helps to know the route you’re taking. If you’re taking a long trip, plan where you want to stop for the night and make a reservation at a nearby hotel so you can be sure you’ll have somewhere to stay overnight.
  • Keep roadside assistance information on hand. Having this information readily available will help you think clearly and act quickly in the event of car issues.
  • Store a cell phone charger in the car. Using your phone to navigate or play music can drain the battery. Keep a charger in the glove compartment or center console to keep it charged in case of an emergency.
  • Pack a winter safety kit, if you’re traveling through a snowy area. The kit should include an ice scraper, a small snow shovel, tire chains, tow rope, jumper cables, a blanket, flashlights, a first-aid kit and a portable radio.

TIPS FOR TRAVELING WITH CHILDREN
  • Take your time. Give yourself lots of time—whether you’re stops, etc., especially if you’re traveling with young children.
  • Pack small toys. When your child gets fussy or bored, give them a toy to play with.
  • Pack a change of clothing (or several if you’re traveling with a baby) in case of spills or accidents.
  • Have a small bag with only diaper-changing items to take them with you to the restroom.
  • Remind your children not to talk to strangers. Keep an eye on them, or take them with you to the restroom.
TIPS FOR TRAVELING WITH PETS
  • Make sure your pet has identification. While most pets have a microchip, it’s helpful if your pet also wears a collar with a tag. On the carrier, clearly write “Live Animal,” your full name and a cell phone number, as well as attach a current photo of your pet.
  • Get your pet up-to-date on its vaccinations. If traveling to another country or Hawaii, look up vaccination requirements for animals before you book.
  • Secure the animal properly in the car by placing it in a carrier or securing it with special seat belts that connect to its harness. Practice the routine of riding around in the car ahead of time to make sure your pet is comfortable.
  • If you’re traveling by air and are crating your pet, ensure it has room to move and stand. Help your pet feel at ease by including a favorite toy or blanket that smells like home. Also, provide bedding or paper in the crate in case of an accident. Keep the door closed, but not locked, in case of emergency. It’s possible airline employees may feed your pet if there’s a layover, so transport a bag of food to be safe.
  • Take a direct flight to reduce stress on the animal.
  • If you’re traveling by car, stop frequently so your pet can eat and relieve itself. Throw a ball or take a walk to give it some exercise as well.