Peet Law Group
Fred Peet
December 2021
Peet Law Group Representing buyers and sellers throughout Vermont

Understanding Your Appraisal
What you think your home is worth may not be what your lender thinks your home is worth. Rather, what the appraiser tells your lender what it’s worth. The final word comes straight from the appraisal, not the lender. The lender simply reports to you what the appraiser determined. Here’s how to interpret how the appraiser arrived at the value that it did. You can get the final appraised value but it’s also important to know how the final value turned out the way it did.
      First, there are different types of appraisals. There’s a desk appraisal, a drive-by and a full appraisal. The determination of which appraisal your lender uses is a result of what’s required on the electronic
Mortgage Rates
U.S. averages as of December 2021:

30 yr. fixed: 3.1%
15 yr. fixed: 2.42%
5/1 yr. adj: 2.47%

“findings” various automated underwriting systems say. A desk appraisal is one where the appraiser goes online and looks at public records showing recent sales of similar properties in

Can You Use Home Equity to Buy Another Property?
     When you have equity in your home, you can tap into that and, if you’re strategic, use it as a way to build long-term wealth.
      There are a lot of ways you can capture equity to build wealth. For example, you can pay off higher-interest debt or make home improvements that ultimately increase the value of your house. You can start a business or you can even invest in the stock market where returns might be significantly more than the interest you pay on your loan.
      Another question people commonly have is whether or not they can use their home’s equity to purchase another property, which we discuss below.
      Can You Use a Home Equity Loan to Buy a House? In short, yes. You can use a

Buying a Home as an Unmarried Couple: What to Know
     It’s increasingly common for people to live together but not be married. For example, in the past 20 years, the number of unmarried couples living together has almost tripled. You might be planning to wait to get married, or maybe you’re not going to at all, but what if you want to buy a home together?
      It’s possible to buy a home as an unmarried couple, but it can be a little more complex than it is for a married couple.  
      The following are some considerations to proactively think about before you start the process.
      Who’s Going To Apply for the Mortgage? When you aren’t married, but you want to buy a home together, one of the first things you’ll have to think about is who’s applying for the mortgage. The person in the relationship who has the strongest financial history is the one who needs to do it in almost all

Peet Law Group

55 Patchen Road
South Burlington, VT 05403

3533 Woodstock Road
White River Junction, VT 05001

800-683-3903 (toll free)

Meet Our Real Estate Law Team

     Fred V. Peet
     Richard C. Maxson
     Christopher M. Perra
     Kevin J. Shortell
     Paula LeBlanc
     William Flender
     Eric Derry

Paralegals/Legal Assistants:
     Doreen Guthrie
     Sherry Morin Barton
     Amy Benway
     David MacPeek
     Shawn A. Nelson
     Karen Eddy
     Elise Martin
     Marcy Brigham
     Sheri Slack
     Linnea Oosterman
     Samantha Kittredge
     Kristy Farnham
     Carol Davis
     Kate Miller
     Corrine Bergeron-Douglas

Closing Coordinators:
     Katy Baker   
     Laura Martin

  Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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Despite Home Price Surge, Cooling May Be On the Horizon
How Does Inflation Affect Home Prices and Real Estate?
10 Tips for Creating a Calmer, More Peaceful Home

Fred Peet
802-860-4767 (phone)
800-683-3903 (toll free)
802-860-2822 (fax)
Peet Law Group
(802) 860-4767
55 Patchen Road South
Burlington, VT 05403

Equal Housing Opportunity

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