Monthly Archives: January 2020

Real Estate Term of the Week

Contingency: A provision that makes a home purchase contract null and void if a certain event were to occur. Either the seller or the buyer can propose a condition on almost anything in a...

Real Estate Term of the Week

HECM: Stands for Home Equity Conversion Mortgage. This is another term for a reverse mortgage. These loans are insured by the Federal Housing Administration (FHA) and allow home owners age 62 and older to...

Real Estate Term of the Week

Split-Level Home: A style of house in which the floor levels are staggered. There are typically two short sets of stairs, one running upward to a bedroom level, and one going downward toward a...

Why Home Layout Matters So Much

Before you start your home search or begin new construction, consider what kind of layout suits your lifestyle and family needs. Things that sound as simple as how many steps you have to climb...

Real Estate Term of the Week

Credit Utilization: The percentage of a consumer’s available credit that he or she has used. The credit utilization ratio is a key component of your credit score. It’s a formula that divides your outstanding...

6 Habits of the Financially Fit

People are not always what they appear to be, right? Sometimes the person with the pricey new sports car is ruining their credit and accruing deep debt. And the person who lives in a...

Real Estate Term of the Week:

Land Contract: A land contract is a form of seller financing. It is similar to a mortgage, but rather than borrowing money from a lender or bank to buy real estate, the buyer makes...