terms: Adjustable Rate Mortgages - Times are changing! How they can help you!
- 04/02/14 05:30 AM
Adjustable rate mortgages. ARMs. The evolution of this loan is now quite complete. Payment options? All gone. Negative Amortization? All gone. Balloon payments? All gone. Prepayment Penalties - Almost extinct and getting there. 1, 3 or 6 month adjustment periods - Almost extinct and getting there. All of the horror stories that made these loans the incessant dumping ground of political and media pundits are over. Ok, so what is left? The Devil is in the Details.....Right? Usually true. As you can see above, there were many reasons to have concerns regarding adjustable rate mortgages, with so many terms that … (0 comments)
terms: Manners and etiquette - do they matter in the Real Estate Industry?
- 01/21/14 01:12 AM
I was recently working with a realtor who was preparing an offer for a client. She was working diligently on her information gathering (recent sales, condition of home, termite report, etc.) and wanted to talk with the seller's agent to ensure her preparation was sound. Our loan pre approval was complete, and she had her per approval letter already in hand as part of her personal checklist of prep work. Unfortunately, this sellers' agent was not easy to reach, and our realtor had left several voicemail on both the home and cel numbers, without a return call. The issue was fairly simple.....return … (4 comments)
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