Midsize cities in the U. S. have recently seen a genuine revival. People who have formerly enjoyed the hassle of large metro areas are now settling down in average size cities. Many have decided moving to Reno, NV is an excellent idea as this is one of the midsize cities with many offers. The question is: What makes midsize cities appealing when someone is moving? Compared to larger areas, the quality of life, affordable housing, and job opportunities are primary reasons. So, if you are considering buying or renting a property in Reno, NV, you might want to add numerous outdoor adventures and natural beauties to the list.

Pros of moving to Reno, NV
The first thing that comes to one's mind when talking about Reno is gambling. But, surprisingly, Reno has to offer a lot more. Here are some advantages of living here based on the stories of residents.

• Whether you decide to rent or buy a Reno property, the good thing is that it is more affordable than many larger cities. Reno makes a definite place to put on your list of considerations along with no income tax incentive.
• Sierra Nevada Mountains offer engaging outdoor activities, especially skiing during winter. Also, Reno is less than an hour's drive from Lake Tahoe, a popular destination for swimming, boating, and camping. The Truckee River flows right through the town, and it is great for whitewater rafting and kayaking.
• There are also opportunities for fun road trips to San Francisco or Napa Valley for the perfect weekend getaway.

Living in Reno: things to consider before making your decision
Keeping in mind that Reno, Nevada has recently been ranked no.1 best small city in the U.S., it does make it an attractive place to consider relocating to.
 
However, deciding to move is not an easy task, especially if it is a long-distance one. You would need to deal with many things, from choosing a property to hiring professional movers to help you settle hassle-free. To make it a bit easier for you, we've made a list of facts you should carefully consider before moving to Reno, NV.

Weather
Many consider the weather to be one of the best things in Reno, Nevada. Reno's residents get all four seasons, and typically there are 300+ sunny days in a year. Spring and fall are considered to be the periods of the year with the perfect climate. It can get hot during summer, but it gets more comfortable at night. Although winters are usually mild, snowstorms can happen. However, they don't seem to cause many problems, and people living in Reno typically don't use snow tires.

Traffic and Transportation
Even though Reno is experiencing growth in many ways, it hasn't seriously affected the traffic yet. The average one-way commute is 19,5 minutes, a bit below the national average of 26,5 minutes. The majority of commuters travel by car since Reno isn't a particularly walkable or bikeable city.
The Victoria Highway and a branch of Lincoln Highway both serve Reno. U.S. Route 395 runs north to rural eastern California, and I-580 runs south on the Sierra Nevada Mountains east side, and they both merge in central Reno. Reno is also connected with Sacramento and San Francisco in the west, and Winnemucca, NV, and Utah in the east by I-80.

Housing marketAlthough the median home price in Reno is higher than the national average, the area offers more affordable neighborhoods. Among the top five affordable communities in Reno are: West Reno, West Sparks, North Valleys, Airport, Grove, and Northeast Reno.
 
The prices are likely to rise in the future. That's why now is the adequate time to invest in real estate and ensure your future financial growth.

Education
Reno, Nevada, is home to a Tier 1 research university. The University of Nevada, Reno, has experienced noticeable enrollment growth in recent years. This doctoral university is best known for engineering, science, and medical programs, including biotechnology and earthquake science.
Furthermore, Truckee Meadows Community College offers 160 undergraduate degrees. Another great college is the Career College of Northern Nevada, specializing in training students for technical fields in rapidly expanding industries.

Events"Reno is Artown" through the entire month of July with multiple events every day, from crafts to dancing with fire, photography, and music. Many of these events are free and an excellent way to celebrate the tremendous contribution of arts to our community.
Another popular event is Hot August Nights which showcases numerous classic cars. Other noticeable events are the Rib cook-off, Reno air balloon races, Street Vibrations, and many more.
Restaurant and BarsReno is the perfect place for craft beers and cocktails. Several award-winning breweries are 10 Torr, The Depot, Revision, and many more.
 
Among the most popular bars are Rum Sugar Lime, Death and Taxes, or Pinion. When it comes to dining, sushi bars are abundant, and most offer affordable all-you-can-eat options. Some of the notable restaurants are Beefy's, Loco Ono, and Johnny's Ristorante.

Final words
Reno is an excellent place for those wanting big-city advantages with a small-city charm, community, and convenience. However, if you are looking for a place to call home, it would be wise to seek professional guidance when moving to Reno, NV. This city offers plenty of opportunities for both the younger and older population, which is why it has seen noticeable population growth.

In the world of real estate, having a rental property is an excellent investment. You will benefit not only from long-term investment returns but also from interim income. This is why many investors are looking for rental opportunities. However, being a landlord is not an easy job. It can be pretty demanding at times because it requires many skills and knowledge about real estate. So, if you're having a hard time being a landlord, you should definitely consider hiring professional help. Read this article to find out about 5 signs that show it's time to hire a property manager!

You don't have time to manage 
One of the main reasons landlords choose to hire a property manager is they simply don't have enough time to manage their investment. More often than not, being a landlord is not a full-time job, but it sure is time-consuming. It comes with regular responsibilities and requires total commitment. This being said, if you have a full-time job, managing your rental property as a side job can become an issue.

Another problem can appear if you have multiple rental properties. The more properties you're leasing, the bigger management needs you'll have. It's hard to keep up with one; imagine with two or more! Therefore, it's highly beneficial to hire a professional in situations like this.

You have a problem with tenants 
Being a landlord means choosing reliable and responsible tenants who will be respectful of your property. Unfortunately, this is harder than you think. As a landlord, you might face a lot of unpleasant situations. Here are the most common examples:

• Paying the rent: It's not unusual for tenants to be late with rent payments or avoid paying it altogether.
• Disrespect of your property: Sometimes, they will not take care of your property, so you'll have additional costs.
• Complaints from the neighbors: Your tenants may be accused of making loud noises, playing loud music at night, not acting according to the house rules, or other unpleasant behavior.

This is why it's essential to do proper screening in order to prevent and handle the recurrent problems with difficult tenants. If you don't have the skills for this kind of job, make sure to hire a property manager for fast and professional solutions to your problem.

You don't live nearby
Not living in the area of your rental property can turn into a problem when it comes to being a landlord. The distance can intervene with your management obligations. For example, even if the property is in excellent condition, there will be times when you need to drop by and pick something up or inspect the building. You will be unable to respond to these emergencies if you don't live nearby. As a result, anyone who lives far away from their commercial property should think about contacting a professional manager to keep an eye on it. Hiring a property manager eliminates the need for you to commute back and forth every time your tenants need something. You'll be able to rely on the manager and their expertise when it comes to managing your property without your supervision.

You're struggling with leasing 
As an investor, you want to make the highest possible profit from your investments. If you're renting a commercial property, this means you'll have to have tenants at all times. To make this happen, you have to meet the tenants' needs and keep up with the current real estate trends. Learn about what's hot on the market at the moment, how you can interest potential tenants for your apartment, what you can do to improve it, etc.

Every good property manager has this kind of knowledge, so it would be a good idea to hire one for some expert advice on the matter. Tenants may relocate for a variety of reasons, but the property managers can assist in lowering turnover. They know how to make tenants happy and keep them from looking for a new place to rent. Additionally, they will definitely have good marketing strategies and a network of interested tenants to occupy your property. All things considered, hiring a property manager is a win-win situation.

You don't know anything about rental laws
Every successful landlord should know the local landlord-tenant laws. Every municipality has its own regulations when it comes to the relationship between the landlord and their tenants. In a nutshell, these regulations are the guidelines on what your obligations and responsibilities are as a landlord, and they apply to tenants as well. So, before renting a property, you should get to know these regulations very well. If you don't have time for this, or you're having problems with understanding and applying all the rules, you should definitely consider hiring a professional property manager. They will know these rules by heart, and they'll take care of everything you are having trouble with.

Additionally, property managers can help you with getting all the legal documentation you need for your rental property. As a landlord, you'll have to get a few licenses and follow proper regulations when it comes to your property. All this can be a bit overwhelming, so it's a good idea to have a professional take care of it. They know every code and regulation, and they can help you obtain every license you need. It's also convenient because the property manager will make sure everything's done according to law, so you won't have problems in the future.

Are you ready to hire a property manager?
Based on the above mentioned information, we can all agree that being a landlord is a demanding and time-consuming job. It requires a diverse skill set and proper knowledge of the real estate market and its constantly changing trends. Therefore, if you're struggling with any of the things we mentioned in this article, it's time to contact a property manager to help you take the management obligations and stress off your plate. This would allow you to continue expanding your business without dealing with minor problems that can quickly escalate into major headaches. So, don't hesitate and make that call!

Renters beware
Caveat Emptor. That is a Latin phrase that is used in the real estate field which means "let the buyer beware." While much has been done for prospective home buyers to protect them from scams, the same cannot be said for prospective tenants. Anyone in the market for an apartment or house to rent should beware of some of the scams being promoted to separate them from their money.

Fake ads
Most of us can recognize fake ads by misspellings or abnormal use of the English language. Those that run fake ads have nothing to rent. Their goal is to obtain information that will give them access to your bank account, credit card or other assets in your name.

Demand for upfront fees
Recently a landlord was contacted by several different people claiming they had paid a deposit for a vacant unit and wanted to know when they could move in. The landlord had not had contact with any of them. The prospects had called on an ad posted at a local laundromat and had actually met someone at the apartment that claimed to be the manager. The scammer collected deposits from several prospects promising that they could move in at the beginning of the next month. Of course the scammer was long gone by then and the prospective tenants were out their deposit.

Too good to be true
If something sounds like it's too good to be true, it probably isn't true. If a rental unit is offered at below market rents or includes incentives that are excessive, most likely the offering is a scam.

No application
Any legitimate rental agency will require a completed application before agreeing to a lease. If the party claiming to be the owner or manager is more interested in getting a deposit than learning about your rental or job history, beware! It could be a scam.

The best way to avoid scams is to work with a reputable property management firm that has a real office and real property managers available to assist you in finding an apartment that fits your needs and fits your budget.

​A lot of challenges come with owning and renting properties. From remembering to bill your renters to staying on top of maintenance needs for every property, there is no shortage of things to do. 
 
If you own many properties that you rent out or even just one property, there are a lot of headaches and challenges you can face along the way. One thing you must do as a landlord is make sure the property stays in shape. Amanda Hinson, who rents out a property of her own, says that she must “call on tree trimmers, painters, construction workers, the plumber, and electrician for help with maintenance.  If there's something I can manage myself, I will do the work such as cleaning gutters.”
 
However, when you don’t live near your rented property, it is not easy to find the best options to keep up the maintenance, let alone to do the work yourself. You also can’t check if your renters are following the rules, such as not having more people than agreed upon, or taking on another pet. So how can you live with peace of mind while managing your property? By using a property management service!
 
Reno Property Management Service with Clark Real Estate is a great solution for owners in the Reno/Sparks area. A family business run by Charles and Rick Clark, they will help you rent out your Reno or Sparks property without the usual stress and challenges.
 
When asked why someone should use a property management service, Amanda Hinson said that it was “convenient, low stress, it provides me peace of mind and freedom to manage my personal house more. I can give time to what's really important.”
 
Give time to what is important to you, such as your own home and family, while the professionals help you advertise, collect payments, do maintenance, find good renters, deal with emergencies, and more! 
 
And on the flip side, renters can find property more easily with the Clark Real Estate website. They can find what they are looking for among Clark Real Estate’s options, while you still get money as the property owner. 
 
As Real Estate’s brokers find the best tenants for your properties and find the best properties for tenants using their unique qualification process, start relaxing and doing what feels most important again.

​If you are fortunate enough to find yourself in a position where you think you can afford to own property, you then have to deal with making the biggest and most complicated purchase of your life. For some, adding to the complication of a major renovation seems like madness. But for others, fixer-upper homes are the most achievable way to get the house of their dreams. If you have been considering joining the fixer-upper club, here’s what you’ll need to think about.
 
The Buying Process
The first thing you need to do is determine your budget. In the case of a fixer-upper, this has to include both the price of the house and the renovation costs, but it is easier for you to think of them together for the time being. Good indicators to establish a budget include your annual income, money saved for a down payment, monthly spending, loan type, and current average APR. Don’t forget that there are plenty of hidden ongoing costs to owning a home, so you also need to take things like insurance, taxes, and maintenance into account.
 
The next step for most homeowners is to get to know their local market and see what kind of home they can buy in the area with said budget. Nolo.com suggests that the best way to know how much to offer on a fixer-upper is to figure out the value of the home if it was fixed, calculating the cost of the work, and then subtracting one from the other.
 
Once you find the fixer-upper of your dreams (and budget), there are a few additional steps you need to cover before making an offer. Get a full home inspection, which will highlight any repair work you may have missed during your visit, and re-adjust your offer accordingly. If a house you love has severe structural issues that would cost a fortune to repair, it may not be worth it.
 
As you look into financing your purchase, research the types of loans that will work best for your situation. For example, if you’re a veteran with so-so credit and not a lot socked away, you are eligible for a VA loan, which can help when it comes to finding decent interest rates, plus there won’t be any mortgage insurance. On the other hand, if the home needs serious work, you can look into an FHA 203(k) loan. These loans provide funding for the home and the necessary renovations, in addition for funding that covers the time you can’t live in the home.


The Renovation
When it comes to renovating your new home, planning is the most important thing you can do. It may be tempting to throw yourself headfirst into the first DIY project you can think of, but this is not the most efficient way to proceed.
 
Make a full list of everything that needs to be done, and sort tasks by priority. At the top, place anything that is necessary to make the house livable, such as electrical work, plumbing, or structural issues. Then address changes needed to make the house attractive. Finally, finishing decorative touches go last.
 
A full renovation schedule is important, but it is by no means the only thing you need to consider. Real Homes has a detailed checklist of things you need to do before you start renovating, covering everything from securing the building site to learning about your home’s architectural features. And if you haven’t already, invest some cash into some quality power tools such as drills or saws to make those DIY projects a little easier.
 
​
The Resale
There is an accepted idea in society that your first house is a “starter home” and that you will eventually trade up to a bigger and better one. National statistics say the average first-time buyer stays in that house for 11 years before moving on to another home. However, there is also evidence that many first-time buyers, particularly young millennials, are skipping the starter home altogether. Instead, they are choosing to wait longer and put in more effort to buy a home that is right for them for the long haul.
 
Whether you choose to re-sell your fixer-upper will ultimately depend on two factors: firstly, whether you bought the house with the long-term in mind, and secondly, how much value you have added through your renovations. Do bear in mind, however, that experts recommend living in a home for a minimum of five years before selling.
 
Buying a fixer-upper for your first home doesn’t have to be a terrifying and intimidating prospect. As long as you are reasonable with your budget and expectations and do your homework, your fixer-upper can either end up being your dream home or a great first step on your way up the property ladder.

​If you’re about to put your house on the market, you should first consider a few updates that will make your home more attractive to potential buyers. In order to maximize your profit, stay away from big-ticket items unless they’re absolutely necessary. They key is to focus on smaller, quick wins that will make a big difference. Here are a few ideas to get you started.
 
Inspection
 
First, consider paying an inspector to examine your house and report on any issues he finds. You probably already know of a few minor things that need to be fixed, but a certified inspector can give you peace of mind by letting you know if the big things are in good shape. If he does find a major problem, you’ll get a jump start on determining your strategy for fixing it. To ensure a quality inspection, only hire an inspector with an InterNACHI (International Association of Certified Home Inspectors) membership.
 
Unclutter Your House
When you’re preparing to sell your home, here’s a idea to add to your checklist that won’t cost anything — get rid of the clutter in your house! uncluttering can make your home feel larger, cleaner, and airier, all of which make it more attractive to buyers.
 
Below are a few quick tips:

• Determine the clutter hot-spots in your home you want to tackle first.
• Set up a sorting system with bins or boxes: things to keep, things to throw away, things to donate/sell, things to store.
• Use the 80/20 rule. You probably use about 20 percent of your stuff 80 percent of the time. The idea is to get rid of as much of the 80 percent you don’t use as possible. If you haven’t used something in the past year, you probably won’t use it — get rid of it.

 
After you’ve uncluttered, you might notice all that open space looks a little grungy. Guess what? It’s time to start cleaning. Scrub areas that haven’t seen the light of day in a while, and use a handheld vacuum to easily reach those tricky corners without having to rely on your heavy-duty cleaner. Handhelds are also good for quick clean-ups and are easily stored away once you’ve finished tackling whatever problem fell into your lap.
 
Fix or Replace Leaky Faucets
 
Prospective buyers will instantly notice and be turned off by leaky faucets in your home. If your faucet is newer and just has a leaky valve or connection, take a few minutes and fix it. If, however, your faucet is older and needs to be replaced, it’s not a difficult project and will noticeably improve your bathroom or kitchen. You’ll likely want to replace the supply lines under the sink at the same time as the faucet. One quick tip: You will have cut-off valves under the sink to turn the water off, but make sure you know where the whole-house cut-off valve is in case of emergency. This could save you some water damage!
 
Spruce Up Your Landscape and Yard
 
Improving your curb appeal will add to the attractiveness of your home as well. Take a weekend to knock out several of these improvements.

• Mow and weed-eat the lawn. Make sure you don’t have unsightly weeds or long grass cluttering your yard.
• Trim your shrubs. You’ll be amazed how much cleaner and sharper your home looks with freshly trimmed shrubs and bushes.
• Add new mulch. A fresh layer of mulch in your beds can work wonders as well. Don’t go too deep with the mulch — just a top layer to cover up the old mulch and give a clean, new look will do the trick. Make sure you do your trimming and cleaning up before you add the new mulch — otherwise, you’ll ruin the effect. Two cubic feet of mulch can be purchased for $3.49 a bag.
• Do a general overview of anything else that needs to be fixed. Fill in any holes, toss some grass seed in any bare spots, clean out old flowers, and consider adding a few new flowers for an attractive pop of color.
• To save time, considering hiring a landscaper to do the job for you. According to HomeAdvisor, the average cost of hiring front and backyard landscaping services in Reno ranges from $2,275 and $13,068.

 
These updates are inexpensive, quick fixes that will help you obtain a higher price as you sell your home. Take a few days to implement them and you’ll be surprised how different your house feels. Prospective buyers will be impressed as well, and that’s your goal — so get to it!
 
 
 

Whether they’re itching for something to do during colder months, motivated by the occasional Saturday when warmer weather prevails, or inspired by a marathon of a favorite DIY show, there always seems to be at least one improvement project on every homeowner’s to-do list.
 
DIY Doubts
If you count yourself among that cadre, it might be tempting to cut costs by tackling every task yourself. But, unless you are a veteran do-it-yourself homeowner who’s had a lot of experience with complex and costly renovations, there are probably some projects that should be left to the pros.
 
For instance, most renovations experts say sanding floors requires a special touch that takes lots of practice to develop. So, even if you are able to rent the necessary equipment at a reasonable price, inexperience may lead to ugly mistakes that can be costly to fix. And, while it might be possible for a handy homeowner to complete simple electrical projects, like installing a dimmer switch or replacing a light fixture, the risk of shock and fire outweighs any cost savings for more complicated wiring projects, according to experts quoted in Architectural Digest.
 
Likewise, they recommend that installing bulky or heavy items, like granite countertops, should be left to those who have the tools and techniques to do so without hurting themselves or the materials they are working with.
 
Easy Upgrades
Still, there are plenty of projects that even novice DIY homeowners can handle with a minimal investment of time and money. For instance, you could install new cabinet hardware and faucets in the kitchen and bath to give the rooms an almost instant cosmetic upgrade. A fresh coat of paint on walls, cabinets, or even a single wall offers much the same effect. And, while you’re at it, consider replacing dingy switch plates and outlet covers to create a clean look throughout your home.
 
Projects to improve energy efficiency also offer an excellent return on investment, with many resulting in savings right away. For instance, adding weatherstripping around doors and windows and installing a programmable thermostat can help you control heating and cooling costs. Replacing conventional light bulbs with environmentally-friendly LED bulbs can cut energy usage and save you time and trouble over the long haul, because they don’t need to be replaced as often. Plus, your local utility company might offer rebates and discounts to help you cover the costs of some of these items.
 
Staying Safe
Even easy do-it-yourself tasks can present some risks and challenges. After all, you may need to mount a ladder to repaint a room or replace a light bulb. And, while a power drill can come in handy for everyday projects like installing a towel rack or hanging pictures on a wall, it can also create homeowner hazards. Before you begin any project, experts recommend that you keep these safety tips in mind:
 
●Wear the right clothes. Avoid wearing jewelry, loose clothing, or shirts with loose or long sleeves that could get caught in equipment. Be sure to wear goggles when you might be exposed to airborne debris, and use earplugs when operating noisy equipment.

●Prep your workspace. For safety’s sake, you need to have a clear work area. Make sure you remove all clutter from the floor and any other spaces you’ll be working in, such as the front or back yard. If you’re doing a major project that spans multiple rooms for longer than a week, you’d be wise to move any belongings that will be in the way to an inexpensive storage unit until the work is complete.
 
●Practice precautions when using power tools. For instance, you should never leave a power tool unattended while it is on. In fact, before you leave your work area, unplug any tools and make sure they are out of children’s reach. Follow the owner’s manuals and any warnings when using, caring for, and storing power tools to ensure they’ll work safely for years to come.

●Keep an eye on your surroundings. Be conscious of sharp objects, power tools, and other equipment in your workspace. Remain aware of other adults who enter your area, and keep children and pets out of the vicinity while you work.
 
●Mind your ladder. Read and follow instruction labels before using the ladder, and make sure you’re using the right ladder for the job. For instance, it’s important to select a ladder that’s tall enough for you to comfortably access the project area and that can bear the weight of you and your equipment, according to its stated weight limits. Finally, be sure to place the bottom one foot from the surface it’s leaning against for every four feet in ladder height.
 
●Have easy access to a first-aid kit, and make sure it is well stocked. You won’t want to treat serious injuries yourself, but scrapes, scratches, bumps, and bruises are common even during successful renovation projects.  

●Mind your ladder. Read and follow instruction labels before using the ladder, and make sure you’re using the right ladder for the job. For instance, it’s important to select a ladder that’s tall enough for you to comfortably access the project area and that can bear the weight of you and your equipment, according to its stated weight limits. Finally, be sure to place the bottom one foot from the surface it’s leaning against for every four feet in ladder height.
 
Following these suggestions about tasks you should leave to professionals, manageable DIY projects, and safety precautions will hopefully help keep both you and your home in good working order for a long time to come.

While most folks are enjoying an increase in take home pay as a result of the TCJA (Tax Cuts and Jobs Act), understanding how the Act affects mortgage interest deductions is important. The legislation includes an increase of the standard deduction, which eliminates the need to claim the mortgage interest deduction at all for many tax payers. However, if your deductions exceed the standard amount ($12,000 for individuals and $24,000 for married couples filing jointly), you should be knowledgeable on what is allowable under the new rule. Here is a summary:

1. If your home loan was originated prior to January 1, 2018, and the loan was taken out to acquire, construct or substantially improve the home, the interest is still deductible.

2. Interest paid on Home Equity Loans are no longer deductible regardless of the origination date.

3. Interest on a mortgage taken out to refinance a previous loan will not be deductible.

4. The maximum mortgage amount allowed to deduct interest is $750,000.

5. If more than one house is owned and financed (for example; a lake home, ski home, country cabin, etc) only two can be used as mortgage interest deductions. So, if you have a primary residence with a mortgage and a second home with a mortgage and a third home with a mortgage, you can only count two of the properties as eligible for interest deduction. The properties selected can change from year to year which allows a home owner to choose the home loan with the highest interest rate to deduct.

While this is not a comprehensive list of the changes, it should help in making a decision on whether to refinance or to purchase. There are different methods available for calculating the allowable deduction and it is advisable to consult a tax professional for specific advice regarding this issue.

Mortgage interest rates are on the rise. After enjoying a long break from higher rates, home buyers and homeowners are realizing the impact of even small changes in interest rates. True, rates are far from what could be considered high. (As a comparison, consider mortgage rates in 1982-83 being over 16%.)

Currently, every $1,000 of financing a 30 year mortgage costs only about $5 per month. Here's what that means: If your budget allows for a monthly mortgage payment of $1,000 (not counting escrows for property taxes or insurance, PMI or HOA dues) that equates to a $200,000 loan.  If interest rates continue to rise as experts predict, even a 1% increase in rates reduces that $1,000 monthly payment to about $178,000 in financing. That's a difference of about 11% less buying power!  That could mean the difference between the home of your dreams and one you will settle for.

History shows that housing market activity actually goes up when rates increase.  The reason? Buyers realize they may miss out on getting the house they want with the payment they can afford. That results in a higher number of buyers looking at the same time. This drives up prices as more homes are sold with multiple offers.

There are some steps borrowers can take to improve their situation in a rising interest rate market:
1. Get pre-approved by a lender with competitive rates and a reputation of being able to move a loan from purchase to closing in a timely manner.
2. Pull together all the information your lender will need before you get together with them. This will include:

•   2 years of income tax returns with all schedules.
•   W-2's from the last two years.
•   3 months of bank statements.
•   A recent pay stub from your employment.
•   A recent statement from any retirement account or investment portfolio you may have.
•   Award letters, if any income is from Social Security or pension benefits.

3. A list of all your monthly debt obligations such as auto loans, credit card payments, student loans, etc.
4. Be prepared to address any negative items that may be on your credit history.

Having these items in advance will speed up the approval process significantly and give you an advantage in being able to move quickly when the right house becomes available.
Finally, discuss "locking" the interest rate with your lender. In a rising rate market, it is critical to understand the lender's policy to lock in a rate to protect you from changes that could occur prior to the closing of your loan. Typically interest rates cannot be locked until you have a purchase agreement signed by all parties and you have confidence in the closing date as well as having resolved any contingencies such as house inspections.

While rates are rising, it's still an excellent time to invest in real estate. Taking advantage of today's rates will make you look like a genius in the future and you will have locked in a stable payment for a long time to come.