Posts Tagged ‘finance’
Home Selling Tips & Tricks
Stay ahead of the game with current real estate information and tips that will save you time and money! Quick Fixes To Sell Your Home Faster Flooring – Replace worn or stained carpet. Always choose a neutral color. Rep...Avoid Foreclosure Glossary
A Abandonment The situation in which a homeowner leaves a house with no intention to return. Accrued Items of Expense Those incurred expenses that are not yet payable. The seller’s accrued expenses are credited to the purchaser in the...Glossary Of Home Financing Terms
203(k):this FHA mortgage insurance program enables homebuyers to finance both the purchase of a house and the cost of its rehabilitation through a single mortgage loan. A “A” Loan or “A” Paper: a credit rating where the FICO score...Avoid Foreclosure Frequently Asked Questions
It is understandable to have questions when coping with a new and challenging situation, especially when a home is at stake. The reality is that millions of homeowners across the country are finding out that they have more questions than answer...Home Financing FAQs
What do lenders generally focus on when you apply for a loan? Lenders look most closely at the “three Cs”-cash, credit, and collateral. Cash means you have enough money for a downpayment and closing costs. Good credit means you have borr...Home Buying FAQs
What is an adjustable-rate mortgage? An adjustable rate mortgage, or ARM, offers a lower initial interest rate than most fixed rate loans. However, that rate resets periodically, usually in relation to an index. When the rate changes, the mo...Glossary of Real Estate Terms
A Adjustable Rate Mortgage: (ARM): A home loan that can adjust the interest based upon market rates after the set fixed period on the note has expired. Generally an ARM will carry a lower interest rate than a fixed rate mortgage but is cons...