09/30/2016 | Author: Editorial Staff If you’re financing a property purchase, you’ve probably come across the term points or discount points. Although there are other meanings, most often these terms refer to prepaid interest, with one point equal to 1% of your mortgage loan Lenders offer borrowers the opportunity to purchase points on their mortgage, which means you’re paying up front to lower the interest rate…
From ARMs to PMI, 10 Terms You Should Know
In just a short time, you'll notice For Sale signs sprinkled throughout your neighborhood. If you're a first-time homebuyer, ask yourself: Am I ready to talk the housing market talk? Your words are important and we're here to help you talk wisely.
What is APR? What are mortgage points?
Mortgage terms can be confusing. But when you break them down into digestible pieces of information, they actually make sense. And the more informed you are,
Why Some Borrowers Still Reach for ARMs
In the first quarter of 2011, the market share of adjustable-rate mortgage rose to the highest point since mid-2008, to 12 percent, according to a trade publication.
What Is MIP? Mortgage Insurance Premium, Explained
If you're a first-time mortgage borrower, you might be asking yourself, "What is MIP?" Home buyers considering getting a loan from the Federal Housing Administration will find MIP, or mortgage insurance premium, especially relevant because all FHA loans require insurance.
What You Need to Know About Points and Origination Fees
When buying your first house, the terms and conditions of the mortgage process can be confusing. Here’s a primer on two such terms: points and the origination fee. Origination fee. This is the cost that the mortgage company charges you for borrowing money. When you take out a mortgage, it is a new loan in what is known as the primary mortgage market. The company loaning you the money is said to be “originating” the loan. It makes its money on charging this…
What is a pre-approved mortgage?
www.coldwellbanker.com Jessica Edwards of Coldwell Banker explains what a pre-approved mortgage is.
Mortgage Rates Monday, March 20: Down; Renters Less Optimistic on Home Buying
Mortgage rates today dropped for 30- and 15-year fixed loans by two basis points and one basis point, respectively, while 5/1 ARMs were unchanged, according to a NerdWallet survey of mortgage interest rates…
Six Points on How to Unleash the Potential in Your Network
Eric Calhoun - October 19, 2012 - 0 Comments If you are reading this, you are probably interested in getting more out of your network. You have most likely made a huge investment in your network, but you simply aren’t getting the payback you had been expecting. How can Cisco help in this regard? That’s just one of the many concepts we will be covering in our webinar October 24 . To find out more, go to my full blog post Here…
Industry Terms Explained
What is HVAC? HVAC is an acronym that stands for Heating Ventilation and Air Conditioning. This article will tell you how these systems work and more.
30-Year Rates Plunge 10 Basis Points This Week
Home shoppers are finding some of the lowest mortgage rates in more than a year.
Top 10 Tech Terms Explained
By Zoe Revis · On February 21, 2014 The fact that almost every day there are new technology terms to know and understand can be a bit overwhelming. More often than not you may recognize a word but you may not know exactly what it means in regards to your network or your device, so below we have identified and explained a few of those terms in order to help out 1. Router A router is the physical device that joins multiple wired…
Top 10 BIM terms explained
We explore ten top BIM terms, phrases and concepts and explain each in more detail. It's a one-stop-shop to find out about Building Information Modelling, BEPs, the CDE, Government Soft Landings and more.
How To Shop For a Mortgage
When it comes to shopping for a mortgage, you should pay attention to four key things: rates, points, fees and customer reviews of potential leaders.
What price points are selling?
This image is very interesting as it shows what is selling in which price points. Take a look at what a large part of the market is currently higher end sales.
Why Your Mortgage Payment Changes
ARMs and fixed-rate mortgages are affected by changes in rates, taxes and insurance. Those changes can make your mortgage payment change.
What Are Origination and Discount Points?
Discount points are completely optional for the homebuyer, and some lenders don't charge origination points either. But, if you need to deal with either points, here's what you need to know about them.
How to Treat Red Bumps on Arms Naturally
After trying several different products, I finally discovered the best method for how to treat red bumps on arms naturally.