Browsing Tag

financing

  • Buyers

    What is Prepaid Interest?

    When you are at the closing of a real estate transaction you may hear the term “prepaid interest.” Here is what it means… Prepaid interest charges are charges due at closing for…

  • Buyers

    What is Private Mortgage Insurance?

    If you are looking to buy a home but plan to make a down payment of less than 20%, most lenders will require private mortgage insurance. Mortgage insurance protects the lender…

  • Buyers

    What Does “Sale Pending” Mean?

    If you’re shopping for homes you’ve probably come across a few that said “Sale Pending.” Many people think this means the home is now off the market… but that’s not necessarily…

  • Buyers Sellers

    What are Contingencies?

    Real estate contracts can contain stipulations known as “contingencies” – conditions that must be met in order for the sale to proceed. These conditions can be added by either the buyer…

  • Buyers

    Why use a REALTOR® When Buying a Home?

    Did you know that only real estate licensees who are members of the National Association of REALTORS® are properly called REALTORS®? REALTORS® subscribe to a strict Code of Ethics and are…

  • Buyers Sellers

    What is a Bridge Loan?

    A bridge loan is basically a short term loan that a homeowner can use to “bridge the gap” between two transactions… typically the buying of one house and the selling of…