Still sitting on the fence waiting for home prices to hit ‘The Bottom’? It’s a given that cautious buyers want to make sure that they don’t overpay for their new home. Unfortunately, it’s not all about the price… Buyers shouldn’t be so concerned about home prices as they should be about the cost. The cost of a house is made …
Tag Archive: mortgages
Jan 13
Strategy for Cutting Mortgage Payments
“Recasting,” or “re-amortization” involves paying off a lump sum of the principal mortgage amount, and then having the monthly payments reset according to the original interest rate and loan terms.
Nov 18
Another reason real estate short sales take sooo long to close
So you made an offer on a short sale home which the seller accepted. Now you are waiting for the bank to accept your offer and approve the short sale. Unfortunately, even after all these years, the short sale process is still a mystery to many. And the most confusing part is usually the role the …
