What are Points and why do I care?
Points are the closest thing to legalized bribery! When applying for a mortgage to buy a house, you can pay the lender a fee to get a better interest rate. The fee is called a point and is 1% of …
Tag: first time buyer
What’s my mortgage payment gonna be ??
Even though there are tons of mortgage calculators on the web, here’s a quick and easy way to ballpark your monthly mortgage payment in your head. If the house is $200,000, just multiply by 10% and subtract “a little bit” …
How’s the market?
It’s a question that I get all the time…. but what’s the REAL question? Maybe some people are just making small talk because they know I’m a broker but many, I believe, want to know if it’s OK to buy …
Not all REO’s are toilets!
I was talking with buyer recently who was looking for a home in my neck of the woods in South Jersey and he made some comments that he though all bank owned properties were in bad condition… the technical real …