Can you simply describe an ARM (adjustable mortgage rate)? As the name implies the interest rate on an ARM is not fixed. It will adjust, either up or down, based on the terms of the mortgage you agree to. Some ARMs offer low introductory rates that will adjust over the life of the mortgage at pre
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02/19/2012
Most people probably can't afford to pay more than the required monthly mortgage payment, but if they can how does that work? And, can it really save you money in the long run? You can save thousands of dollars, in interest payments, by taking out a 15 vs. 30 year mortgage or by making additiona
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02/19/2012
Follow @_SteveStinson What do you think the average first time homeowner doesn't know, but should, about buying a home? This is the best time in our lives for first time homebuyers. Mortgage rates are at forty year lows and home inventory is at historically high levels. The home buying process ha
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02/19/2012
Follow @_SteveStinson Home Improvement Lists Should Include Landscaping With real estate values down across the U.S., it is important for homeowners to do what they can to try to improve property values, and the effect of trees on property values is often overlooked. Most articles that focus on t
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02/19/2012
Can you explain closing costs in simple, accessible way? Closing costs are charges, in addition to the purchase price of the home, that are paid when the property closes. Both the buyer and seller will have charges. These costs could include brokerage fees, attorney’s fees, mortgage loan fees, t
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02/18/2012
Follow @_SteveStinson Are Relocation House Purchases a Good Deal? A lot of people ask, "Are relocation house purchases a good deal?" If you're asking this question, you are most likely interested in purchasing a house from a relocation company. By buying a house from a relocation firm, often call
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02/18/2012
What is title insurance? The title is your proof of ownership of your home. Each time a home is sold the title is transferred from the seller to the buyer. Titles are recorded at the court house and are public record. Title insurance protects both the seller and the buyer against
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02/18/2012
Follow @_SteveStinson First Time Home Buyer: What does MLS stand for and how do you use it? MLS stands for Multiple Listing Service. This is where all of the listed homes for sale/rent are posted. The public can access this information throughHomes for Sale in Huntsville, Madison, Hampton Cove, A
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02/18/2012
Follow @_SteveStinson Buying Short Sales: What You Need to Know As the real estate market remains volatile, one of the best options for many new homebuyers is purchasing a short sale home. But, what does ôshort saleö mean? A short sale is when lenders have the opportunity to sell a property befo
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02/18/2012
Follow @_SteveStinson What is the fair market value of my home? These are two very common questions when people are considering selling a home. Talk to any real estate agent, and the first thing they'll tell you about calculating home value is that location is a big factor, but not the only facto
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02/18/2012
