Great Vacation Rentals

Here are some helpful terms you may or may not be familiar with in the mortgage process for buying a home:

Adjustable Rate: An interest rate that changes periodically in relation to an index. Payments may increase or decrease accordingly.

Amortization: A repayment method in which the amount you borrow is repaid gradually though regular monthly payments of principal and... Read More

Are you one of those who should rent and not buy in the real estate market?

Here are some ways to tell:

Bad Credit Report

• If your FICO score is below 620, you're not going to receive a good interest rate for a loan.
• If you are buying a home with bad credit, you should work on fixing it before applying for a home mortgage loan.
• Four late payments is enough to disqualify you from... Read More

I will attempt to explain the government’s $700 billion bailout of Wall Street from a real estate point of view.

Let’s consider a hypothetical example: Suppose you own a home mortgage-backed bond that consists of 100 subprime home mortgages. 76 of them are paying on time and 24 are behind in payments.

Your bond obviously does not have the best reputation and you receive an... Read More