Archive for the ‘Real Estate’ Category
What Is a Short Sale?
December 23rd, 2010 |What Is a Short Sale?
Sometimes you’ll see homes for sale with a little tab on top of the “For Sale” sign that reads “Short Sale.” What exactly is a short sale?
When a homeowner arranges a short sale, it means they have made an agreement with their mortgage lender that means the lender is accepting a smaller amount than the amount due for a transfer of the home. Short sales (think of them as “discounted payoffs”) only make sense for the mortgage broker if the value of a foreclosure is lower than the amount agreed upon for the short …
How to Get Mortgage Quotes Online
November 26th, 2010 |How to Get Mortgage Quotes Online
Getting quotes from mortgage lenders is a necessary part of any home-buying process. To save time and to broaden the scope of your mortgage search, start your hunt online.
The Internet has changed all aspects of the home buying process, including the way we shop for homes and compare mortgages and lenders. It used to be true that online mortgage lending was a shady business, with limited choices and terrible rates. With more options for online mortgages than ever, shopping for mortgage quotes online is not the hit or miss business it once was.…
Where to Find Real Estate Information
November 24th, 2010 |Where to Find Real Estate Information
Finding real estate information online is easy. “Real estate” is a really popular Google search term, and real estate listings, pictures, prices, and other details are available from thousands of different sites. (See How Much Is My House Worth? for details about how to determine your own house’s fair market value.)
The trick is to know where to find real estate information. Just like researching medical issues online, you can’t trust every site offering “medical advice.” In fact, anything you research about real estate online should probably be discussed with a realtor, lawyer, or …
