As a homeowner, you might have some equity built up in your property, which is the difference between the current market value of your home and the outstanding balance on your mortgage. Cashing out equity from your property refers to taking out a loan against your home's value or selling a portion of your home's value back to the bank. But is this a wise decision? In this blog, we will explore the pros and cons of cashing out equity from your property. Pros of Cashing Out Equity from Your Property One of the biggest advantages of cashing out your equity is that you can tap into the value of your home without having to sell it. This can be an excellent way to finance a home renovation, pay off high-interest debts or invest in other projects. Another benefit of cashing out equity is that the interest rates on these loans are typically lower than credit card interest rates. This means that you could potentially save money on interest charges by using a home equity loan to pay off high-interest debts. Finally, cashing out your equity can also be a great way to diversify your investments. With a home equity loan, you can invest the funds in other projects that could potentially generate higher returns than if you kept them invested within your home. These are just some of the primary benefits of cashing out your equity - there are many others! Furthermore, the interest on a home equity loan or line of credit is often tax-deductible, which can further reduce your costs. Cons of Cashing Out While there are benefits to cashing out equity, there are also some downsides to consider. One of the biggest risks is that you are putting your home up as collateral, which means that if you cannot make the loan payments, you could potentially lose your home. Additionally, if the value of your home decreases, you may end up owing more than it is worth. Furthermore, closing costs and fees associated with cashing out equity can be significant. Finally, because these loans are often considered "risky" by lenders, interest rates can be high compared to other types of loan products. Additionally, cashing out equity can increase your debt burden and monthly expenses. It is crucial to carefully assess your financial situation to ensure that you can make the payments and not damage your credit score. Moreover, it can take decades to pay off a home equity loan. Be sure to consider the long-term financial consequences before taking out the loan. Alternatives to Cashing Out Equity If you decide that cashing out equity from your home is not for you, there are other alternatives to consider. You could refinance your mortgage to take advantage of lower interest rates, negotiate with your lenders for more favorable repayment terms, or even consider renting out a portion of your home for extra income. When is it a Smart Idea to Cash Out? Cashing out equity from your property is not always a bad idea. It can be a smart decision if you have a specific plan for the funds, such as renovating your home or starting a business, and you have a good credit score and a steady income. The key to making the most of your equity is to use it wisely and avoid taking on more debt than you can handle. Make a plan to pay back the loan and factor in potential interest rate hikes, job loss, or unforeseen expenses. Cashing out equity from your property can be a smart financial move, but it's essential to weigh the pros and cons carefully. Take the time to consider your long-term financial goals, consult with a financial advisor, and estimate the cost and feasibility of your project before taking out a home equity loan. Remember, using your home as collateral is a serious decision, and your home is not just a financial asset but also your sanctuary. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

When it comes to buying a home, one of the first things you need to consider is financing. There are many different options available, but one of the most popular for first-time homebuyers is an FHA loan. If you're considering an FHA loan, you're in the right place. As an experienced realtor, I've helped many clients navigate the ins and outs. In this blog post, we'll explore everything you need to know about them, so you can make an informed decision about whether it's the right choice for you. What is an FHA Loan? FHA loans are mortgages that are insured by the Federal Housing Administration (FHA). This government-backed program was created in the 1930s to help stimulate the housing market during the Great Depression. Today, it's popular among first-time homebuyers, as it requires lower down payments and credit scores compared to traditional loans. Who Qualifies for One? To qualify for an FHA loan, you must have a credit score of at least 500 and a debt-to-income (DTI) ratio of no more than 43%. However, the FHA recommends that borrowers have a credit score of at least 580 to qualify for the lowest down payment (3.5%). Additionally, you must be able to provide proof of employment and income for the past two years. Loan Requirements One of the biggest benefits of an FHA loan is the lower down payment requirement. While traditional loans often require a down payment of 20%, these loans only require a minimum of 3.5%. However, keep in mind that a lower down payment means you'll have a higher interest rate and monthly mortgage payments. Another requirement of this type of loan is mortgage insurance. This is a fee that's added to your monthly mortgage payment to protect the lender in case you default on the loan. The upfront mortgage insurance premium (UFMIP) for an FHA loan is 1.75% of the loan amount, and the annual mortgage insurance premium (MIP) ranges from 0.45% to 1.05% of the loan amount. Benefits of This Loan In addition to the lower down payment and credit score requirements, there are many other benefits to an FHA loan. For example, FHA loans are assumable, which means that if you decide to sell your home, a new buyer can take over your loan. This could be an attractive option for potential buyers who don't have a large down payment or a strong credit score. FHA loans also have more lenient guidelines for bankruptcy and foreclosure. With a traditional loan, you usually have to wait at least four years after bankruptcy or foreclosure before you can apply for a mortgage. With this loan, you may be eligible for financing just two years after bankruptcy or foreclosure. If you're a first-time homebuyer or have less-than-perfect credit, an FHA loan could be a great option for you. However, it's important to have a clear understanding of the requirements and limitations before you apply. As an experienced realtor, I'm here to help you navigate the process of buying a home with an FHA loan. Contact me today to learn more about how I can help you achieve your homeownership dreams. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Welcome to Bean Station, Tennessee, a quiet town in Grainger County.  It boasts friendly locals, beautiful scenery, and plenty of opportunities for outdoor activities. Whether you're looking for a new home or simply visiting as a tourist, there's so much to see and do here that you'll never be bored. In this blog post, we'll guide you through everything you need to know before you visit Bean Station. Housing Whether you're moving to Bean Station or just visiting, one of the first things you'll notice is the housing. It which makes it an excellent option for both home buyers and renters. You'll find a wide range of properties available, from cozy apartments to spacious family homes. Additionally, Bean Station is home to real estate agents that will be able to give you all the guidance you need when it comes to finding your dream home. Scenic Beauty One of the best things about Bean Station is that it's set amidst some of the most beautiful scenery in the country. Surrounded by the Appalachian Mountains, you'll be treated to stunning views everywhere you go. If you're a nature lover, you'll be in your element here. There is plenty of opportunities for hiking, fishing, and picnicking. Meanwhile, those who appreciate culture and history can visit places like the Museum of Appalachia. The museum showcases life in the region during the pioneer days. Warm Community With a population of just over 2,000 residents, Bean Station is a small community. It is a community full of warm and friendly people. You'll feel welcome from the moment you arrive, and everyone is always ready to lend a helping hand. Whether you're looking for a mechanic or the best barbecue in town, you'll find that someone will assist you. This welcoming attitude extends to visitors as well, so you'll never feel like an outsider. Food and Drink Southern hospitality extends to food in Bean Station, with plenty of delicious offerings to tantalize your taste buds. Be sure to try some of the local specialties like fried catfish, barbecue, and cornbread. You'll also find a range of international cuisines, from Mexican to Chinese. Regarding drinks, Tennessee is known for its whisky, and there are plenty of distilleries in the region, including in nearby Gatlinburg. You can either take a drive and explore the different options or check out the local breweries and local wine-tasting rooms. Bean Station, Tennessee, may be a small town, but it's full of character and charm. From the affordable housing to the stunning scenery, warm community, and delicious food. There's plenty to attract both tourists and new residents. If you're looking for a quiet, laidback lifestyle with easy access to nature and culture, choose Bean Station. Whether you're considering moving here or simply planning a visit, you'll find that it's a place that you'll fall in love with quickly. So, come and explore Bean Station, and discover all this wonderful town offers. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Altamira is a beautiful town that offers the perfect blend of rich history, awe-inspiring architecture, and stunning scenery. This town has something for everyone. Adventurers and nature lovers to history buffs and culture enthusiasts will all enjoy being there. Altamira is the go-to destination for those who want to enjoy the beauty and charm of small-town living. In this blog post, we’ll give you a glimpse of why it's a great place to call home. CHARMING HISTORY & TOWN CHARACTER Altamira has a captivating history that dates back to the early 1900s. Originally founded as a railroad town, Altamira played a significant role in the development of the railway system. Today, the town's old railroad depot, which is over a century old, has been converted into a museum. Visitors can explore the past and learn about the town's rich railroad history. Additionally, the town is full of historic buildings and landmarks that highlight the area’s enduring legacy. The character of Altamira is a great representation of the perfect small-town community. It has a close-knit and welcoming atmosphere. The town residents are friendly and diverse, with a strong sense of community spirit. It is reflected in the town’s various activities, festivals, and volunteer work. The town is perfect for many different types of life. BEAUTIFUL ARCHITECTURE The architecture in Altamira is a mix of old-world charm and modern-day influences. The historic buildings that line the streets downtown are a testament to the town's heritage. With their distinct features such as intricate brickwork, elegant columns, and ornate facades, these buildings transport visitors back in time. The newer homes and developments, on the other hand, are built with modern design features such as open floor plans. The homes in the town are some of the most beautiful in the state, with a large variety of styles and types available. ENTERTAINMENT Altamira is abundant with exciting attractions for visitors and residents alike. The town’s natural beauty is a sight to behold, with its rolling hills, lush forests, and cascading waterfalls. For nature lovers, go hiking in the nearby Great Smoky Mountains National Park. Also checking out the scenic views near Fontana is a must. The town is also home to a world-renowned fishing spot and several other outdoor recreational activities. TAKING IN THE VIEWS The scenery in Altamira is among the most breathtaking in the country, from the stunning sunsets and picturesque vistas to the crisp mountain air and wide-reaching views of the valley. With its small-town charm, the community celebrates its natural beauty with various events throughout the year, including a Spring Fling Festival, a Fourth of July Celebration, and a Christmas parade. Whether you're taking a leisurely stroll through the town or discovering the surrounding mountains, you'll discover a treasure trove of scenic beauty at every turn. In conclusion, Altamira is a charming, historic, picturesque, and welcoming small-town community with a bright future. Whether you're a visitor, resident, homebuyer, or renter, you'll find something to love about this town. Altamira offers the perfect blend of natural beauty, small-town charm, and modern amenities that make it an excellent place to live, work, and play. So why not explore the town for yourself and experience the rich history, awe-inspiring architecture, stunning scenery, and friendly community of Altamira, Tennessee? Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Saddle Ridge is a growing community located in northeastern Tennessee. It is known for its scenic views, great attractions, and beautiful history. The town offers a wide range of options for individuals and families. From affordable housing options to job and education opportunities. In this blog post, we will dive deep into what living in Saddle Ridge, Tennessee is like. Learning, why you should consider this vibrant community as your next home. HOUSING OPTIONS Saddle Ridge's real estate market offers affordable housing options for renters and homebuyers. Additionally, different options for living, with a variety of prices. The town also has a wide range of properties. From newly constructed homes to picturesque old houses with lots of character. There are many apartments, townhouses, and single-family homes to fit your needs. Whichever option a buyer or renter chooses, Saddle Ridge offers a comfortable and affordable living environment. GREAT ATTRACTIONS Living in Saddle Ridge offers various attractions to keep residents entertained. The town has several well-maintained parks, including the Rock Island State Park and Burgess Falls State Park, famous for their calm waters and beautiful waterfalls. Residents can hike, swim, and take their dogs for a walk at these parks any day of the week. The town also has several restaurants and shopping areas downtown. EDUCATIONAL OPPORTUNITIES For students and families, Saddle Ridge offers excellent educational opportunities. The town has two public schools, and they both rank highly in the state of Tennessee. Saddle Ridge High School has received an A rating, and Saddle Ridge Middle School has received a B+ rating. Apart from these public schools, the town also has several private schools that offer quality education from pre-k to high school. JOB OPTIONS Saddle Ridge's economy is steadily growing, and job opportunities are becoming more abundant. The town has several industries, including healthcare, manufacturing, and retail, which provide ample employment opportunities. Additionally, residents who work outside the town can access the metropolitan areas of Nashville and Knoxville, which are just an hour's drive away. Living in Saddle Ridge, Tennessee, is like living in a small town with the amenities of a larger town. It provides affordable housing options, great attractions for families, an excellent education system, employment opportunities, and a safe and secure environment. Whether you're a homebuyer or a renter, Saddle Ridge, Tennessee, is a community you should consider when looking for a place to call home. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com  

At the heart of Tennessee lies Oak Ridge, a picturesque city popular for its rich history, lively community, and job opportunities. Whether you're a home buyer, renter, or visitor seeking adventure, Oak Ridge offers so much! It's stunning scenery, and welcoming ambiance makes it an ideal place to call home. In this blog, we will delve into what living in Oak Ridge, Tennessee is like. Let's dive in! EMPLOYMENT If you're looking to start or grow your career, Oak Ridge could be the place for you! The city is the core of a region known as the "Innovation Valley." It is a hotbed for cutting-edge technology firms, research institutions, and start-ups. Some of the major employers in the area include the U.S. Department of Energy and Oak Ridge National Laboratory. Apart from excellent job opportunities, Oak Ridge has affordable living costs, quality healthcare, and excellent education systems. THINGS TO KEEP BUSY Oak Ridge is home to an array of activities that will keep even the most adventurous person occupied. The city has everything from outdoor activities to educational attractions, museums, restaurants, and shopping. If you love the outdoors, Oak Ridge has over 16 parks, including the beautiful Melton Hill Lake and Haw Ridge Park. Fans of science can visit the American Museum of Science and Energy. Additionally, history buffs can explore the city's historic sites and museums. Some included are the Oak Ridge History Museum and the Y-12 History Center. You can also indulge in delicious meals at the city's several restaurants before browsing through the shopping boutiques. EXTRAORDINARY SCENERY Oak Ridge has some of the most breathtaking scenery in the country. The city is surrounded by magnificent mountain ranges and freshwater lakes, making it ideal for nature lovers. You can go fishing, kayaking, or swimming on the beautiful Melton Hill Lake. Also, take a drive through the iconic Dust to Dawn Drive. You'll also love the scenic hike at Haw Ridge Park. It offers several trails that meander through the woods and along the ridges. A LITTLE BIT OF HISTORY Oak Ridge has a rich and fascinating history. The city was founded in 1942 as part of the U.S. government's Manhattan Project during World War II. At the time, the federal government built a government-owned energy facility to produce enriched uranium that was used in the first atomic bomb. The city was a secret city until 1949, and up until then, it was populated solely by lab engineers and scientists. Today, Oak Ridge is a thriving community that cherishes its history and heritage. Living in Oak Ridge, Tennessee is a delightful experience. With its abundant job opportunities, endless activities, scenic beauty, and rich history, it's easy to see why people love to call it home. Whether you're looking to buy a home, rent, or visit, Oak Ridge is a city that caters to all. So, pack your bags, and make sure to stop by Oak Ridge, the city with a charming community, fascinating history, and endless adventures. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

 If you’re looking for a small town with big possibilities, we suggest you look no further than Rocky Hill, TN. Located just 35 miles from Nashville, this charming town has all the amenities of an urban area but with a quaint, community-focused atmosphere. Let’s take a closer look at what life is like in this special place.  A Historic Feel Rocky Hill was founded in 1873 and is full of historic charm. The downtown area is home to the oldest post office in Tennessee and many of the original buildings are still standing today. The town also features several historic markers scattered throughout the city that highlight important moments in Rocky Hill’s past—from the founding of its first church in 1873 to its role as an agricultural hub during World War I. With these historical landmarks come plenty of opportunities for fun and exploration! Every year, locals celebrate local history on Founders Day at the Annual Rocky Hill Historical Festival. Visitors can explore old-fashioned crafts, listen to live music from local bands or grab a bite to eat from one of the many food vendors.  A Growing Economy  In recent years, Rocky Hill has seen an influx of businesses and residents thanks to its proximity to Nashville. The city offers great job opportunities as well as plenty of housing options for those who want to call Rocky Hill home year-round or even just make it their weekend getaway spot! Local businesses range from family-owned restaurants to boutique shops selling handmade goods crafted by local artisans—and everything in between! Plus, if you’re looking for something more traditional, several corporate offices nearby offer job opportunities as well.  A Community Vibe  Rocky Hill may be small but residents have created a vibrant community here that makes it feel much larger than it actually is! Locals gather together weekly for events like movie nights and farmers' markets; there are also monthly art walks where visitors can explore galleries and meet local artists. Plus, there are several outdoor recreation areas near Rocky Hill including hiking trails and lakeside parks where families can spend time enjoying nature together All things considered, life in Rocky Hill is full of possibilities! Not only does this small town boast an interesting history but it also offers plenty of job opportunities and recreational activities for everyone. So why not take advantage of what this special place has to offer? Come join us here in Rocky Hill and experience life with all its little pleasures firsthand! We promise you won't regret it! Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Located only a few miles west of Knoxville, the town of Farragut is a hidden gem with much to offer its residents. From its robust job market to its unbeatable amenities, there are countless reasons why living in Farragut is an excellent choice. Let’s take a look at why this small town should be on your radar. A Job Market That Puts You Ahead Farragut is home to numerous businesses that can provide you and your family with stable employment opportunities. The nearby cities of Knoxville and Oak Ridge house even more options for those seeking work in the area. With an unemployment rate lower than the national average and plenty of available jobs, this community puts you in an optimal position to succeed professionally. Great Rated Schools Not only does Farragut present its citizens with exciting career prospects, but it also has many great-rated schools. This city boasts well-rated schools within the Knox County Public School System as well as several private institutions for those wishing to explore alternative educational options. On top of that, there are plenty of parks and outdoor activities for children (and adults!) alike. Plenty To Do For Everyone From shopping malls and local stores to breweries and golf courses, the area around Farragut has something for everyone looking for ways to fill their free time. If you're into music or theatre, then you'll be happy to hear that there are multiple venues where you can catch live events throughout the year. Plus, with all its restaurants and nightlife spots, there's sure to be something that appeals even to the pickiest eater or most discerning socialite!   If you're considering relocating or just looking for an excellent place to call home, then make sure you add Farragut, TN to your list of potential destinations! Not only does this city provide its citizens with stable job prospects and high-quality education options but also plenty of ways for them (and their families) to have fun during their free time. Whether you're single or married with kids, living in Farragut presents many advantages that are hard to find anywhere else! So what are you waiting for? Come see why this small town is such a great place! Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com

Interested In Buying An Airbnb Investment Property? Looking for realtors in the Gatlinburg or Sevierville area? Are you wanting to buy a cabin that can get good returns? You’re in the right place. We make your dream of owning Airbnb investment properties easy and hassle-free. About Gatlinburg & Sevierville, Tennessee. East Tennessee is home to the city of Sevierville, a mountain town full of beauty and history. Located on the south side, lined by the Great Smoky Mountains National Park that contains forest trails and waterfalls. Sevierville native Dolly Parton is memorialized by a statue by the 1896 beaux-arts-style courthouse downtown. A number of vintage aircraft are on display at the Tennessee Museum of Aviation, including two P-47 Thunderbolts. The Forbidden Caverns, located to the east, consisting of underground caves with calcite formations. The mountain town of Gatlinburg lies in the heart of Tennessee's Great Smoky Mountains National Park, which stretches across 520,000 acres. The Gatlinburg SkyBridge and SkyLift offer the best views of the mighty mountains and spectacular scenery. What Are The Advantages Of Investing In An Airbnb In Sevierville? Whether you’ve stayed at an Airbnb rental for vacation or have just heard about the lucrative potential of investing in a sought-after short-term rental property, owning a portfolio of Airbnb investment properties may seem like a smart way to increase your passive income. The savvy investor understands the value of a great location, amenities, and recreation facilities. Owning an Airbnb investment property is simple and flexible. Airbnb platform gives you the flexibility to change your prices, depending on your goals and current situation. For short-term renters, this means high occupancy and high traffic all year round.  Make High Profits Gatlinburg and Sevierville, Tennessee are both vibrant high-traffic areas that attract tourists from all over the world. There are various activities located in the areas - like swimming, kayaking, boating, and fishing in Douglas lake. Sevierville hosts the Wears Valley Fall Festival, every October amidst the stunning backdrop of the Smoky Mountains. Residents and tourists alike enjoy the wonderful weather and scenery. However, in high-demand neighborhoods, the nightly price of an Airbnb can lead to greater profits. In this way, you could potentially make $35,500 from your Airbnb investment property, which is an increase of $8,500 compared to what you would make from renting a traditional property. Entertain A Wide Cross-section Of Guests You can host a new guest every few days since Airbnb rentals are based on short-term stays. The opposite is true with long-term rentals, where you will keep the same tenants year after year. Operating and coordinating traffic of guests from around the world is a unique experience. It is for all those who enjoy interacting and meeting new people, owning an Airbnb investment property is just perfect. More Lucrative Than Traditional Renting Destination areas or locations like cabin retreats, ski towns, beaches, and lakeside access homes, attract Airbnb renters and guests from all over the world. The vacation rental market is flooded in some areas, while others are untouched gems with high vacancy rates. When compared to traditional renting, Airbnb offers dynamic flexibility and better control over your investment properties. In traditional renting it is difficult to modify the price of your long-term rental, cabin, or property on a whim. Plus, Airbnb investment properties offer a high return on investment, with high foot traffic. Experienced Realtors in Gatlinburg & Sevierville, Tennessee. As seasoned realtors who have lived in high tourist areas of Gatlinburg and Sevierville, Tennessee, we have accumulated experiences as owners and operators of Airbnbs for over a decade. We're a dynamic couple who are passionate about investing, building, and helping others realize their dream of owning Airbnb investment properties. To make sure you have a smooth process of owning and renting your Airbnb property, we work closely with you every step of the way. We ensure you have a solidly booked Airbnb rental, throughout the year, and we give you tips to engage and entertain a wide variety of guests.  At present, we own and operate seven Airbnb units, and we are building nine more (Barndominiums) to add to our portfolio. The knowledge we have as realtors can help buyers looking for rental properties in Sevierville and Gatlinburg. We help you compare active rentals in the area, annual revenue trends, and occupancy rates to get you the best fit for your investment portfolio. Having lived in the neighborhood for thirty years, we enjoy building new Airbnb investment properties in the area and making it part of the lively community. If you’re wanting to buy a cabin in Gatlinburg & Sevierville, Tennessee, we’re here to help you be a 5 star Airbnb host (like Priscilla and I are) and realize your dream of earning a steady income from your investment property.  We look forward to meeting you and chatting about your next Airbnb. Shawn and Priscilla Wilmoth REALTORS® Visit our website www.shawnwilmoth.com to learn more about Gatlinburg Sevierville Airbnb investment properties.

Finding the best realtor is a difficult task. There are many factors to consider, and it can be hard to know who will provide you with the best service. But don't worry! We have a few tips for finding a great realtor in your area. 1. Check Reviews Online One of the ways to find the best realtor is to check online reviews. Sites like Yelp and Google are great for finding honest feedback from past clients. This can give you a good idea of what to expect from a particular realtor. 2. Ask Around If you know anyone who has recently bought or sold a home, ask them for a referral. They will likely have a good idea of who provided quality service in their area. 3. Meet with Several Realtors Don't just meet with one realtor. Meet with several and get a sense of who you feel comfortable with. It's important to find someone you can trust and who will be responsive to your needs. 4. Look for Experience When looking at realtors, consider which one has the most experience in your area. A realtor with several years of experience may be better able to help you out than one just starting out. This will also likely give you access to more resources and a wider network within the industry. 5. Get a Recommendation If you're still not sure who to go with, ask for a recommendation from your friends or family. Someone close to you is likely to have had a good experience with a realtor in the past and be happy to recommend them to you. 6. Consider Specialties Not all realtors are created equal. Some may specialize in working with first-time homebuyers, while others may specialize in working with luxury homes. It's important to find a realtor who has experience and knowledge of the area you're interested in. 7. Get Your Questions Answered One final thing to consider is whether or not a realtor will answer all of your questions. There's nothing worse than calling a realtor and not getting a response. You should be able to get in touch with the person you choose anytime you need help, so make sure they have good availability. Ensure You Hire the Best Realtor You Can Find Between 2020 and 2021, home buying power in the United States grew by 21%, according to Fit Small Business. This presents a lot of opportunities for those looking to sell their homes. Contact us today to learn more about how you can make the most of these opportunities.