Month: December 2009

What listing contract will you choose?

Did you know there are different types of listing contracts a home seller can have with a real estate agent? These contracts give authorization to the real estate agent hired to sell the home. Open Listing Contract – The open listing contract is used by home owners who want to sell their home on their own, but are willing to…

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What are Subprime Mortgages?

The very idea of subprime mortgages sounds terrible. “Subprime” just has a really negative connotation associated with it.  However, in reality it has many benefits that typical loans do not. A subprime loan typically has a higher interest rate than other loans because the people who need it usually have a poor credit history or very low credit score. These…

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Importance of Real Estate Impressions

Impressions are vital to selling real estate.  These impressions do not simply apply to the piece of real estate, but rather to the individual selling the home, the agent, and finally the home.  First impressions last forever, other impressions can be built upon one way or the other depending upon the first impression. The individuals selling the home must give…

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Pit Bulls and Real Estate

The true American Pit Bull terrier has been a dog misunderstood.  While many people see the strong and intelligent dog as a tool to strike fear into people and other dogs, others know what the dog is truly capable of doing.  Those people know that the dog is one of the cuddliest dogs on the face of the planet.  It…

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Why Private Mortgage Insurance May Be Necessary

When you first buy a home, it can be very frustrating and complicated process, but it can also be extremely exciting. There is nothing quite like being able to call a home your own and have the freedom to decorate it and change it any way you want. As long as you don’t live in a deed restricted community, you…

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What Goes into Getting a Mortgage Approval?

When applying for a mortgage, the lender you have chosen will take many different factors into account. These factors not only influence what type of loans you can qualify for, but also what your monthly payments will be and how many years you will take to pay off the loan . Knowing these factors and doing what you can to…

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What is a Second Mortgage?

Everyone has heard a friend or relative complain about having to take out a second mortgage but many people don’t really know what this means. Second mortgages are very common, and if you’ve never taken one out, the chances you might have to one day are very strong.  The real term for this type of loan is called a home…

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What is a Fixed Rate Mortgage?

A fixed rate mortgage is one of the most common types of home loan in the USA. It’s very easy to understand and set up, and helps people know exactly what type of commitment they are making financially from the very beginning. It has one main benefit over all other types of loan, and that is stability. No matter what…

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What is an Adjustable Rate Mortgage?

A common type of home loan is the adjustable rate mortgage (or ARM). With this type of loan, the interest rate fluctuates depending on the current prime interest rate, as determined by the various real estate indexes. The interest rate changes over the course of the loan, so the lender gets a proper margin. That’s due to the fact that…

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What are the Different Types of Mortgages?

So, you are planning to buy your perfect house or commercial property, but don’t know what your options are in the mortgage department. You’re not alone. There are so many different types of mortgages available that it can be confusing to know what type is right for you. Each type of mortgage is tailored to a specific need. If you…

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Buying Real Estate Without a Realtor

With the trust in the Realtors and the banks falling, there are many more people doing the “for sale by owner” route with their homes.  Many of the people who are looking to buy these homes are also going alone into the real estate world.  Without trained and qualified real estate assistance, there are many people who are entering a…

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Home Selling Tips

You just found out that you have to move for that great new job offer you just got.  You found the house of your dreams in this new city you will be living in.  You have to sell your old house, but where to begin?  With a realtor and/or a real estate agency, that is how to begin selling your…

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Buying Real Estate With a Realtor

Most people buy their homes with the help of a Realtor.  This Realtor is often found by picking the number and name up from a sign in front of a home that one is interested in.  Some Realtors do spend a fair amount of money on advertising their ability to find the perfect home for people.  There are some serious…

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