Blog
Blog
Fannie/Freddie Extend Foreclosure Relief to Year’s End
Posted To: MND NewsWireBoth government sponsored enterprises (GSEs) have announced that their nationwide suspension of single-family foreclosures and evictions has been extended through the end of the year. read more
MBS RECAP: Nice Recovery Today, But Is It a Trap?
Posted To: MBS CommentaryNice Recovery Today, But Is It a Trap? If the Fed is doubling down on its inflation goals, it makes sense for bonds to be afraid--at least a little bit. But with today seeing yields hold the same ceiling as yesterday, are we already in a posi... read more
Buy This Missouri Home And You’ll End Up In Jail
The post Buy This Missouri Home And You'll End Up In Jail appeared first on Lighter Side of Real Estate. read more
Urban Housing Markets are Keeping Pace with the Red Hot Suburbs — Except in Manhattan and San Francisco
The nation's two most expensive housing markets are seeing prices fall and homes linger on the market read more
Five DIY Projects That Could Help Add Value to Your Home
Zillow and Thumbtack share the home improvement projects sellers should consider before listing their home for sale, and what they cost read more
What Is Equity?
Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market.
The example this video shows - you have a house worth $300,000 today and you owe the bank $200,000. Your equit... read more
What Are Real Estate Commissions?
Like the video says - real estate agents aren’t paid by the hour!They’re paid a percentage of the purchase price in a successful real estate transaction.
When one agent represents the sellers and another represents the buyers the commission is typically split b... read more
What Is “Prime”?
The Prime Lending Rate - sometimes just called “Prime” - is the interest rate that banks charge each other for overnight loans. Some consumer rates - like ARMs - are set in relation to Prime.
In the US, Prime is affected by the Federal Reserve lending rate to b... read more
What Are Discount Points?
Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, “points” are essentially prepaid interest with each point equaling 1% of the total loan amount.
Generally, for each point paid on a 30-year mortgage th... read more
What Is An Escrow Account? Do I Need One?
As we show you in this video, an escrow account is an account, established by your lender, to set aside a portion of your monthly mortgage payment to cover annual charges for homeowner's insurance mortgage insurance (if applicable), and property taxes.
Escrow accounts... read more