Real Estate Term of the Week
Amortization: The process of paying off a debt with periodic payments or installments. Mortgages are an example of an amortizing...
Mortgage Rates Matter
Interest rates are rising. It may be tempting to think that a fraction of a point isn’t much. But even...
Real Estate Term of the Week
Adjustable Rate Mortgage (ARM): A type of mortgage in which the interest rate applied on the outstanding balance varies throughout...
What Makes These Loans Risky?
The prevalence of high-risk mortgages in the housing market was one of the major causes of the 2008 financial crisis....
Real Estate Term of the Week:
National Flood Insurance Program: The NFIP is a federally regulated program that offers two types of policies for flood protection...
What You Need to Know About Flood Insurance
If you think your standard property insurance policy covers floods, you’re mistaken. Any type of flooding requires additional coverage. Even...
Real Estate Term of the Week
Settlement: A term for the close of a real estate transaction. Settlement occurs when the buyers, sellers, and their agents...
Are There Upsides to Selling in the Fall?
Many home owners ask if it’s worth the effort to sell in the fall since there’s not usually as much...