Monthly Archives: March 2018

Real Estate Term of the Week

Energy Audit: The first step to assess how much energy your home consumes. The person performing the audit evaluates what measures you can take to make your home more energy efficient. An assessment will...

Real Estate Term of the Week

Conveyance: The act of transferring an ownership interest in real property from one party to another. Conveyance also refers to the written instrument, such as a deed that transfers legal title of a property...

Real Estate Term of the Week

Xeriscaping: A landscaping method developed primarily to conserve water, create efficient irrigation, and reduce turf areas. Originally designed for dry climates, xeriscaping has a broadening appeal to reduce: yard maintenance, water usage, fertilizer usage,...

Real Estate Term of the Week

Home Inspection: An evaluation and professional opinion of the performance of the readily accessible installed systems in a home at one point in time. It is intended to identify components that are significantly deficient,...

10 Tips for Spring Home Maintenance

Warmer days signal that spring is just a few short weeks away. It’s time to start thinking about maintaining your home for the season, even if everything seems in working order. Think of home...

Real Estate Term of the Week

Private Mortgage Insurance (PMI): A risk-management product that protects lenders against loss if a borrower defaults on a loan. Most lenders require PMI for loans with loan-to-value (LTV) percentages in excess of 80% (the...

When Do I Stop Paying PMI?

If you put down less than 20% of your home loan, you’re probably paying PMI (private mortgage insurance). PMI protects the lender if you default on your mortgage payments. Of course, the PMI premium...