Your Guide to Understanding Residential Properties

Liz Gibbs • April 18, 2024

Understanding Residential Real Estate

Residential real estate encompasses property specifically zoned and utilized for living purposes, contrasting starkly with commercial or industrial real estate designated for business operations. When we talk about residential properties, this includes a variety of housing types such as single-family homes, townhouses, and condominiums. Each type offers different benefits, catering to diverse needs based on family size, budget, and lifestyle preferences.

The Types of Residential Properties Available

The spectrum of residential real estate is broad:

Single-family homes are detached buildings typically found in suburban areas, ideal for families seeking privacy and space.
Townhouses provide a unique blend of community and independence, with shared walls but separate ownerships.
Condominiums offer a communal living style, often with shared amenities like pools, gyms, and social areas, making them perfect for those who prefer a low-maintenance lifestyle.

Additionally, residential properties are not only about providing a roof over one’s head but also reflect a variety of architectural styles—from the simplistic charm of single-story ranch homes to the intricate designs of Victorian houses.

Residential vs. Commercial Real Estate

Residential zones are designated for living and cannot house large-scale business operations, which are reserved for commercial real estate. Understanding this distinction is crucial, especially when planning where to invest or establish a home.

The Role of a Real Estate Agent

Embarking on a home buying journey? Consider partnering with a knowledgeable real estate agent. Agents familiar with your desired area can be instrumental in helping you find a home that fits your criteria. It’s wise to seek referrals and interview several agents to ensure a good fit for your real estate needs.

Real Estate as an Economic Indicator

Real estate significantly influences economic trends, evidenced by housing starts data which reveals insights into economic health and consumer confidence. For instance, shifts from single-family to multifamily housing starts might indicate a future shortage in single-family homes, potentially driving up prices.

Investment Opportunities in Real Estate

Investing in real estate can be a lucrative endeavor. Options range from purchasing homes to live in, acquiring rental properties, or engaging in house flipping. Each method serves different goals and risk levels, from stable income from rental properties to potentially high returns from selling flipped houses.

Why Eagle Mortgage?

At Eagle Mortgage, we understand the complexities of residential real estate. Whether you're a first-time homebuyer, a seasoned investor, or somewhere in between, we provide the insights and services necessary to navigate the real estate market effectively.

Stay Connected

For more insights and updates on navigating the real estate market, follow and like our social media accounts. We’re here to help you make informed decisions in your real estate journey.

Eagle Mortgage is more than just a mortgage company—we are your partner in turning real estate opportunities into realities. Follow us on [Facebook, Instagram, Twitter] for the latest updates and expert advice. Join our community today!

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Broccoli Beef Braids

January 24, 2025

Prep Time Cook Time Yield 15 min 15 min 2 loaves (4 servings each) Ingredients: - 1 pound ground beef - 1/2 cup sour cream - 1/2 cup chopped onion - 1/4 teaspoon salt - 3 cups frozen chopped broccoli - 1/4 teaspoon pepper - 1 cup shredded part-skim mozzarella cheese - 2 tubes (8 ounces each) refrigerated crescent rolls Directions: 1) Preheat oven to 350°. In a large skillet, cook beef and onion over medium heat 6-8 minutes or until beef is no longer pink, breaking beef into crumbles; drain. Stir in broccoli, cheese, sour cream, salt and pepper; heat through. 2) Unroll 1 tube of crescent dough onto a greased baking sheet; form into a 12x8-in. rectangle, pressing perforations to seal. Spoon half the beef mixture lengthwise down center of rectangle. 3) On each long side, cut 1-in.-wide strips at an angle, from the edge to about 3 in. into the center. Fold 1 strip from each side over filling and pinch ends together; repeat. 4) Repeat with remaining ingredients to make second braid. Bake 15-20 minutes or until golden brown. Nutrition Facts 2 pieces : 396 calories, 23g fat (6g saturated fat), 48mg cholesterol, 644mg sodium, 29g carbohydrate (8g sugars, 2g fiber), 20g protein. recipe from Taste of Home - https://www.tasteofhome.com/recipes/broccoli-beef-braids/#RecipeCard

One Pan Chicken and Potatoes

December 23, 2024

Prep time Cook time Serves 15 minutes 1 hour 2 minutes 4 to 6 Ingredients 3 cloves garlic 3 to 4 large lemons, divided 1 medium red bell pepper 2 pounds Yukon gold potatoes 1/4 cup plus 1 tablespoon olive oil, divided 1 tablespoon dried oregano 1 1/2 teaspoons kosher salt, divided 3/4 teaspoon freshly ground black pepper, divided 2 pounds bone-in, skin-on chicken thighs (4 to 6) 1/2 to 3/4 cup low-sodium chicken broth 1/2 medium bunch fresh dill or parsley, or a combination 3 ounces feta cheese (optional) Instructions 1) Arrange a rack in the middle of the oven and heat the oven to 400ºF. 2) Prepare the following, adding each to the same large bowl as you complete it: Mince 3 garlic cloves. Juice 2 to 3 of the large lemons until you have 1/3 cup. Cut 2 pounds Yukon gold potatoes into 1-inch wedges. Trim and cut 1 medium red bell pepper into 1-inch pieces. 3) Add 1/4 cup of the olive oil, 1 tablespoon dried oregano, 1 teaspoon of the kosher salt, and 1/2 teaspoon of the black pepper. Toss to evenly coat the potatoes and pepper. 4) Cut the remaining 1 large lemon into 6 wedges. Pat 2 pounds bone-in, skin-on chicken thighs dry with paper towels. Season all over with the remaining 1/2 teaspoon kosher salt and 1/4 teaspoon black pepper. 5) Heat the remaining 1 tablespoon olive oil in a large (at least 12 inch) cast iron or oven-safe skillet over medium-high heat until shimmering. Add the chicken skin-side down in a single layer. Cook until the fat is rendered and the skin is crisp and golden brown, about 12 minutes. Transfer the chicken to a plate skin-side up in a single layer (the chicken will not be cooked through at this point). 6) Add the potato mixture and any liquid at the bottom of the bowl to the skillet and stir to coat in the pan drippings. Arrange into an even layer. Pour 1/2 cup of the low-sodium chicken broth over the top. Nestle the lemon wedges and chicken skin-side up into the potatoes. Pour in any accumulated juices on the plate. 7) Transfer the skillet to the oven. Roast until the chicken is cooked through and the potatoes are tender and browned in spots, 40 to 50 minutes. If the skillet becomes too dry, add the remaining 1/4 cup low-sodium chicken broth. 8) Let the chicken and potatoes rest for 5 minutes. Meanwhile, coarsely chop the leaves and tender stems from 1/2 medium bunch fresh dill or parsley until you have about 1/2 cup. 9) Crumble 3 ounces feta cheese over the chicken if desired (about 1/3 cup). Sprinkle with the herbs. By Rachel Perlmutter

Unlocking New Opportunities Through Mortgage Refinancing

December 2, 2024

Refinancing your mortgage is more than just a way to lower your interest rate—it’s a versatile financial strategy that can open doors to new opportunities. Whether you're looking to build long-term financial security, create a safety net for unexpected expenses, or achieve a specific life goal, refinancing offers numerous possibilities. Here are some unique ways refinancing can help you take control of your financial future. Build Equity Faster For homeowners who want to pay off their mortgage sooner, refinancing into a shorter loan term, such as moving from a 30-year to a 15-year mortgage, can be a game changer. While this approach may increase your monthly payments, it can significantly reduce the total interest paid over the life of the loan and help you build equity in your home more quickly. Faster equity growth also provides added financial security, giving you more options for future borrowing or home sales. Stabilize Your Monthly Payments If you currently have an adjustable-rate mortgage (ARM), refinancing into a fixed-rate mortgage can provide stability in your monthly payments. Fixed-rate mortgages protect you from interest rate fluctuations, offering predictability in your budget—especially valuable in an uncertain economic climate. This switch can help you plan better for the long term without worrying about rising rates. Tap Into Your Home’s Value with a Cash-Out Refinance A cash-out refinance allows you to access the equity in your home for a lump sum of cash. This option is ideal for homeowners looking to fund significant expenses like starting a business, paying for college tuition, or even creating an emergency fund. While it does increase your mortgage balance, it often comes with lower interest rates compared to personal loans or credit cards, making it a cost-effective way to finance large expenses. Plan for Retirement As you approach retirement, refinancing can be a strategic move to align your mortgage with your future financial needs. For instance, if you’re looking to reduce monthly expenses, refinancing to a lower interest rate or extending your loan term could free up cash for other retirement goals. Alternatively, a cash-out refinance could provide funds for investments or healthcare costs, ensuring you’re financially prepared for this new chapter of life. Is Refinancing Right for You? Every homeowner’s situation is unique, and refinancing isn’t a one-size-fits-all solution. It’s essential to consider your financial goals, current mortgage terms, and the costs associated with refinancing. Working with an experienced mortgage professional can help you weigh the pros and cons to make the most informed decision. Why Choose Eagle Mortgage Inc.? At Eagle Mortgage Inc., we understand that refinancing is more than just a transaction—it’s an opportunity to improve your financial outlook. Our team of experts is here to guide you through every step of the process, helping you tailor a refinancing solution that aligns with your goals. Whether you’re looking to save on interest, fund life’s milestones, or simply take charge of your finances, we’re here to help. Contact us today to explore refinancing options designed to meet your needs and maximize the potential of your home.

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