Category: Points
Annual Percentage Rate, or APR, is a legal requirement that mortgage lenders must disclose on “Truth In Lending” statement. It is not a useful way for the consumer to measure the cost of a mortgage. It is supposed to be a way for lenders to express their closing costs in terms of a percentage. The [...]
When shopping for a mortgage the first sentence out of the mouths of most clients is “I don’t want to pay points!” Points are a dirty word in my business but, they’re not the evil many people believe them to be, in fact they’re no different than the commission you pay a Realtor to sell [...]
Enter your email address below to receive updates each time we publish new content.
Average Home Prices Slip in Coachella Valley
I’ve been reading a lot of information lately about our current market conditions from other REALTORS® who are claiming an increase is sales price and number of homes sold. I would scratch my head and ask where they were getting their numbers. Turns out their numbers are coming from national statistics. Real estate sales are [...]
Mortgage Debt Tax Relief Program Ending Soon
The Mortgage Debt Relief Act of 2007 the IRS would not come after you for your taxable amount if you had an upside-down unpaid principle as a result of loan modification, short sale or foreclosure depending on your tax bracket, let’s say you were $100,000 short on your mortgage you could be responsible for as [...]
Is your REALTOR® connected? No, I don’t mean in the MobWives fashion, if that’s what you thought, you’re watching too much reality TV. As an active Palm Springs REALTOR® I believe it’s important to take advantage of the technology available to today’s real estate professional. Everything that required an agent to go back to the [...]
Enter your email address below to receive updates each time we publish new content.
