Davis County Realtors

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Davis County Realtors
105 E. Locust
Bloomfield, IA 52537
Phone: 641.664.2224
Fax: 641.664.3520

Licensed in the state of Iowa

Category: News Archives - Page 2 of 6 - Davis County Realtors

  • Mortgage Rates

    November 7, 2019

    How Interest Rates Work on a Mortgage

    by Joy Toltzis Makon Buying a home with a mortgage is probably the largest financial transaction you will enter into. Typically, a bank or mortgage lender will finance 80% of the price of the home, and you agree to pay it back—with interest—over a specific period. As you are comparing lenders, mortgage rates and options, it’s helpful to understand how interest accrues each month and is paid.

    Mortgage Payment Calculation

    Simply put, every month you pay back a portion of the principal (the amount you’ve borrowed) plus the interest accrued for the month. Your lender will use an amortization formula to create a payment schedule that breaks down each payment into paying off principal and interest. The length, or life, of your loan, also determines how much you’ll pay each month. Fully amortizing payment refers to a periodic loan payment where, if the borrower makes payments according to the loan's amortization schedule, the loan is fully paid off by the end of its set term. If the loan is a fixed-rate loan, each fully amortizing payment is an equal dollar amount. If the loan is an adjustable-rate loan, the fully amortizing payment changes as the interest rate on the loan changes. Stretching out payments over more years (up to 30) will generally result in lower monthly payments. The longer you take to pay off your mortgage, the higher the overall purchase cost for your home will be because you’ll be paying interest for a longer period.

    Conventional Fixed Rate Mortgages

    A conventional loan provides opportunities for financing loan amounts that are within the conforming limits set by Fannie Mae and Freddie Mac. With a fixed-rate mortgage, you have predictability and peace of mind with the same principal and interest payments for the life of the loan because the interest rate never changes.

    Product Rate APR Payment
    10 Year Fixed 3.250% 3.442% $1563.51
    15 Year Fixed 3.375% 3.508% $1134.02
    20 Year Fixed 3.875% 3.983% $959.07
    30 Year Fixed 4.000% 4.078% $763.87
    Read More

  • Stow That Mower!

    October 30, 2019

    We have received our first snow fall, so you can put the lawn mower away now! Here is some advice from houselogic.com.

    Clean and Stow Your Mower

    If you’re not familiar with fuel stabilizer, get to know it. If your mower sits for months with gas in its tank, the gas will slowly deteriorate, which can damage internal engine parts. Fuel stabilizer ($10 for a 10-ounce bottle) prevents gas from degrading.Add stabilizer to your gasoline can to keep spare gas in good condition over the winter, and top off your mower tank with stabilized gas before you put it away for the winter. Run the mower for five minutes to make sure the stabilizer reaches the carburetor. Another lawn mower care method is to run your mower dry before stowing it. 1. When the mower is cool, remove the spark plug and pour a capful of engine oil into the spark plug hole. 2. Pull the starter cord a couple of times to distribute the oil, which keeps pistons lubricated and ensures an easy start come spring. 3. Turn the mower on its side and clean out accumulated grass and gunk from the mower deck.       Read More

  • Cleaning Rain Gutters

    October 23, 2019

    In a downpour, a clogged roof gutter sends a cascade of water down the side of your house, making canyons of your flowerbeds and saturating your foundation. Clean gutters of leaves and debris to help prevent damage to your landscaping and siding, and to head off expensive water damage repairs to your foundation that may cost $10,000 or more.

    How to Clean Gutters

    • Wear a shirt with long sleeves. Wear rubber gloves.
    • Have a good extendable ladder available. Standoff stabilizers (ladder “horns”) are ideal to keep the ladder from damaging the gutter.
    • Use a small plastic scoop to remove gunk. Buy a gutter scoop from the hardware store ($25) or try a child’s sand shovel.
    • Spare your lawn by dumping the stuff onto a plastic tarp.
    • After you’ve cleared the muck, flush the gutters and downspouts with a garden hose -- also a great way to spot any leaks.https://www.houselogic.com
    Read More

  • October 18th, 2019

    October 18, 2019

    The soup supper actually will start at 5:00 pm with the auction following at 6:30 pm. All the proceeds from this event go to Davis County residents diagnosed with cancer! Please come and support this wonderful organization!
    Read More

  • Fall Festival

    September 26, 2019

    Hey Y'all Bloomfield Fall Festival This Weekend!! Saturday September 28th ,2019, 7am to 3pm.!! Auto Show Pumpkin Bash Donut Eating Contest Kid Games Don't miss the Fun!      Say Hello to Kathy and Brownie at the car show! Read More

  • Fall Lanscaping

    September 18, 2019

    Add to the curb appeal of your house by adding a splash of color this fall. As your summer plants start to fade, replace them with colorful, vibrant mums or other flowers. Read More

  • Home Improvement Projects

    September 10, 2019

    5 Home Improvement Projects That Add Value To Your Home

    1. Remolding the Kitchen: According to HGTV you can expect  a 60% to 120% return on your investment.
    2. Add a Bathroom: For a half-bath you need at least 18 square feet, for a full bath with stand-up shower 30 square feet.
    3. Reinvent a Room: Reinvent the existing room in your home, finish a basement or convert the attic to a bedroom.
    4. Add Energy-Efficient Windows: You can save up to $500. in heating and cooling costs.
    5. Add a Deck: Outdoor living spaces are very popular and will make your home more appealing.
    Read More

  • Weekend Plans?

    September 6, 2019

    Are you looking for something to do this weekend?    The Pulaski Corn Show is always a good time! Read More