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…
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financing
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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…
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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…
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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…
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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…
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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…