ARCHIVED BLOG POSTS
2018
"Seller-paid points" are where the seller pays points to reduce the interest rate on your mortgage. Consider a home where the list price is $300,000 and the seller is willing to accept a bottom line of $291,000. If the seller reduces the price by $9,000, you would be able to purchase the home...
10/29/2018
In order to understand capital gain, we first need to understand tax basis. Your tax basis is the cost of buying, building or improving a property. Assume you pay $200,000 for a property. You incur $5,000 in closing costs. Then you spend $45,000 on home improvements. In that case, your tax bas...
10/23/2018
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Real estate agents today have overwhelming demands on their time and energy. Buyers and sellers have higher expectations, technology is constantly changing, and the competition seems ferocious. Here are four key questions to ask yourself to save time, create more efficiency and leverage your...
10/16/2018
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Here are three things to consider when you're choosing between a fixed-rate mortgage and an adjustable-rate mortgage (ARM) on an investment property: 1 - Cash-Flow & Rate of Return ConsiderationsAn ARM typically carries a lower interest rate vs. a fixed rate mortgage. This means that you'll...
10/08/2018
Why Do I Have to Pay for a Rate Lock Extension? Here's the scoop: mortgage rates are determined by mortgage bond prices. Mortgage bonds trade in what's known as a "To Be Announced" (TBA) market. When you commit to a rate lock, the lender is agreeing to deliver your mortgage to the bond invest...
10/01/2018
Rainer
242,144
242,144
Chris Freck
EstaR Mortgage, A Bilingual Brokerage