ARCHIVED BLOG POSTS
2008
Stimulus Package: Lawmakers raise lending limitsDo you qualify for a better rate?The Economic Stimulus Act of 2008 is a $168 billion plan intended to jumpstart the sliding U.S. economy. While a lot of media attention has been focused on the $600-$1,200 rebate checks that millions of taxpayers wil...
04/28/2008
A good credit score translates into lower interest rates for home-shopping borrowers. In a mortgage lender's eyes, the higher your score is, the less risk you are, and the more likely it is you will pay off your debt. For this reason, borrowers with lower scores usually end up paying higher inte...
04/28/2008
If you are looking for a WEEKEND WARRIOR! I'm available for you around the clock. My E-mail is attached at my hip, as is my phone. I work from the office or Home. Basically I'm a little crazy to work as much as I do, but I really enjoy helping clients and partners. I can be reached at 502-24...
04/25/2008
What mistakes are commonly made when buying a home? If you're like most people, purchasing a home is the biggest investment you'll ever make. If you're considering buying a home, you're likely aware of the complexity of the endeavor. Because of the numerous factors to consider when purchasing a h...
04/24/2008
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How Do I Prepare For Closing? Double-Check the MoneyPrior to the actual closing day, there are several things you should do to be certain that your real estate transaction will close on time, and that everything will go smoothly. A day or two before closing, you should review your final closing s...
04/24/2008
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Should I refinance?The most common reason for refinancing is to save money. Saving money through refinancing can be achieved in two ways:By obtaining a lower interest rate that causes one's monthly mortgage payment to be reduced. By reducing the term of the loan, thus saving money over the life o...
04/24/2008
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Are You Buying a House or a Home? As you read and study about buying real estate, you will often find the words "house" and "home" used interchangeably. There is a huge difference between a house and a home.A house can be a place to eat, sleep, park your car, and put all your "stuff" (including o...
04/24/2008
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The "Home Wealth" Effect In America, the most common way to accumulate wealth is through home ownership. At the time of a survey conducted by the National Association of Realtors, the "average" homeowner has $50,000 in "unrealized wealth" in their home. Those families with incomes over $75,000 av...
04/23/2008
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Buying a Home With a ViewHomes with a pleasant view of the horizon often sell at a premium above similar homes without the view. However, if a view is important to you, buy it mostly for your own pleasure and not as an investment. Though you may place a considerable dollar value on the view, futu...
04/23/2008
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What is Private Mortgage Insurance (PMI)? PMI is normally required when you buy a home with less than 20 percent down. Mortgage insurance is a type of guarantee that helps protect lenders against the costs of foreclosure. This insurance protection is provided by private mortgage insurance compani...
04/22/2008