All posts by Melinda Estridge



As Mortgage Rates Increase, Will Home Prices Decrease?

buyer looking at mortgage rates

As of December 8, mortgage rates have climbed to 4.13% for a 30-year fixed-rate mortgage. With the recent increase in interest rates, many people assume that home prices will decrease. After all, if fewer people are able to purchase a house due to higher mortgage rates, then the demand for homes (and therefore the price) should decrease. […]


Can You Save Using a Contractor?

Having work done on your home is never inexpensive. But whether you’re putting on a new deck, constructing built-in cabinets or refinishing your basement, below are a few ways you can cut costs, without cutting corners. Be an Educated Consumer Aggressively shop for the most reasonable bid. Don’t just hire the first contractor you find. […]


Preparing Your Home for the Market

Top country-wide real estate trainer asked to interview Melinda Estridge to help advance the careers of other Realtors nationwide. Click here to listen to the full interview. Putting a house on the market today, not just in the DC Metro area but nationwide, is vastly different than it was 30 years ago. How you present your home is […]


Should You Pre-Pay Your Mortgage?

Maybe you got a big pay bump at work, or a family member has gifted you a large chunk of change. Whatever the reason, you’re suddenly able to pre-pay your mortgage—this means paying it off before your allotted time is up (say, 30 years). Pre-Paying Can Save You Thousands of Dollars When you pre-pay your […]


Can You Still Get a Loan with Minimal Documentation?

When it comes to getting a loan, there’s a laundry list of documents needed to be approved. From tax returns to credit statements, your lender needs complete access to your financial history. But it wasn’t always the case. Not too long ago, some lenders offered what are called “stated income loans.” More commonly referred to […]



How Exactly Does Refinancing Work?

If you’re a seasoned homeowner, you may have heard the term “refinancing” thrown around. But what exactly is refinancing, and is it right for you? Let’s explore the ins and outs. A Brief Explanation of Refinancing With a refinancing, you pay off an old loan on your home and take out a new one, usually […]