Ask your Broker or your banker the following Question; How have you structured your own mortgage and why? Aside from discovering that an overwhelming number of mortgage professionals have their own residence set up in either short term fixed (1yr or 2yr) or a variable...
[vc_row][vc_column width=”1/1″]60 day Notice To Vacate… …words every Mortgage Broker longs to see in an offer written on a tenanted property, in particular when the buyer has less than a 20% down payment. For a client putting less than 20%...
[vc_row][vc_column width=”1/1″]Why none of the math in previous posts in this series really matters… Emotion The largest investment in the entire process of purchasing real estate is the emotional investment. Emotion drives the...
[vc_row][vc_column width=”1/1″]But when rates go back up… It is not when, it is if. I wrote that correctly. If they go up, as in if they go up in time to matter to me or to you, Mr. & Mrs. Homeowner. Maybe they stay low for another ten or...
[vc_row][vc_column width=”1/1″]The Amortization Effect Each year from 2008 through 2010 the Federal Government reduced the maximum amortization as follows. Purchases with less than 20% down –from 40–35 years, then 35- 30 and finally 30–25...
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