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Why Are People Obsessed with Mid-Century Modern Design?
 Mid-century modern design is one of the most popular design styles right now and for good reason. It boasts clean lines, pops of color, and if you buy an older home, it can be a natural fit with the existing elements of the property.
So, what exactly is mid-century modern design, and how can you make it work in your home?
Mid-Century Modern Basics
Mid-century modern design is based on architects’ work who moved from Germany to the U.S. after World War Two. These architects led the way in mid-century modern design, which emphasizes functionality and simplicity.
The period, while there is some disagreement on
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Mortgage Rates
U.S. averages as of November 2020:
30 yr. fixed: 2.81%
15 yr. fixed: 2.32%
5/1 yr. adj: 2.88%
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on specifics, generally is considered to have lasted from the 1940s to the 1960s, but much of what we think of as mid-century modern now is from the
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What is a Short Sale?
 The idea of purchasing a home at a deeply discounted price is appealing to most people, but these situations can come with strings attached. One way to get a deal on a property is to buy a short sale, but the transactions are complex and risky.
Short sales are transactions where a home is sold for a lower price than the debt that’s owed. When a homeowner realizes they can’t afford their mortgage anymore, they can start the short sale process with the lender. The owner has to apply, and the goal is to avoid foreclosure.
Lenders will often approve a short sale if the home is worth less than what’s owed, and the seller has to demonstrate financial hardship. Short sales were incredibly common following the Great
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Can You Get a Mortgage with Bad Credit?
 The real estate market remains hot right now, despite economic headwinds. Many people want to jump in and buy a home or upgrade their current home to a new one for good reason. Interest rates are incredibly low, so now could still be a buying opportunity, despite limited inventory and high prices in some locations.
If your credit isn’t perfect, you may wonder if anyone will approve you for a mortgage. The short answer is maybe.
You aren’t alone if you don’t have great credit. Around 15% of Americans have a credit score from 500 to 599, which is considered poor. Around 10% of people have credit in the range of 600 to 649, which is considered fair.
When you’re applying for a mortgage, you’re most likely to be approved with a score of at least 650, although even anywhere in the 600s can make it challenging. If your score is below 500, you’re almost certainly not going
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The Law Offices of Fred Peet
55 Patchen Road
South Burlington, VT 05403
802-860-4767
800-683-3903 (toll free)
802-860-2822 (fax)
fpeet@peetlaw.com
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