rock solid real estate: How scary is a Real Estate Contract? - 06/14/10 06:04 PM
Real Estate contracts are full of legal terms that can be difficult to understand. Be sure to ask before you sign - any misunderstanding may be costly to you in the future. I am here to help you with any real estate question you may have. Here are a few definitions that I think may be helpful when thinking about buying a home. Adjustable-rate Mortgage (ARM) - A mortgage that does not have a fixed interest rate. Based on market conditions, the rate can increase or decrease, affecting your payment. Private Mortgage Insurance (PMI) - This fee protects the lender
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rock solid real estate: Upside Down Housing Market?!?!?!? - 03/17/10 12:28 PM
Have you ever wondered if the market you live in is upside down or not? Well, here in Bryan/College Station, we are definitely not upside down!! Thousands and thousands of people across the U.S. currently have an upside down mortgage. You are "upside down", and have negative equity if the value of your home is less than what you owe on your mortgage. Bryan homes and College Station homes are appreciating every year, and we were not hit as hard as some markets when considering sales price and volume of homes sold. Our market has shown a 2% increase in home
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