Top 10 tips for mortgage borrowers in 2014
Monday, October 13
Top 10 tips for mortgage borrowers in 2014These 10 mortgage tips can help you with your mortgage decisions in 2014.1. Document your finances.Lenders will be extra diligent when underwriting home loans in 2014, as new mortgage regulations go into effect in January. The rules put pressure on lender...
Top Ten Tips for Being Successful in Becoming a Real Estate Agent
Monday, October 13
Top Ten Tips for Being Successful in Becoming a Real Estate AgentToo many would-be real estate agents obsess over the licensing test, then fail in their first two years because they didn't develop a plan and follow it for success in becoming a real estate agent.They passed the test, but failed to...
Understanding the Pre-Approval Process & Mortgage Rates in today’s Rea
Monday, October 13
Understanding the Pre-Approval Process & Mortgage Rates in today’s Real Estate MarketNavigating the ups and downs of Mortgage Rates can be a confusing process. It is difficult to know what causes rates to increase or decrease, and what that means to you, whether you are considering buying a h...
What is the difference between interest rate and APR (Annual Percentag
Monday, October 13
What is the difference between interest rate and APR (Annual Percentage Rate)?There are many costs associated with taking out a mortgage. These include the interest rate, points, fees, and other charges. The interest rate is the cost of borrowing money expressed as a percentage rate. It does not ...
What to Know Before Gifting a Down Payment
Monday, October 13
What to Know Before Gifting a Down PaymentBefore giving money for a down payment, consider the tax implications and paperwork requirementsBuyers looking to snatch up property before prices and interest rates rise throughout the country may look to relatives for help. According to the National Ass...
Calculating Your Monthly Mortgage Payment and bringing your Balance Do
Monday, October 13
Calculating Your Monthly Mortgage Payment and bringing your Balance Down…Paying off the mortgage early is in. Refinancing to take money out of your home is out. Having lived through the foreclosure crisis, more people want the security and the psychological benefit of owning their home free and c...