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Training Pay

Posted On: 12/30/2015
QUESTION: I’ve just completed my training to obtain a real estate license and passed the state test. I can hang my license with a referral company and keep virtually all the commissions I earn, however, they do not offer training and support. The other option is to go with a local...

What Do Rising Rates Mean?

Posted On: 12/23/2015
QUESTION: What will happen with mortgage rates now that the Federal Reserve has raised interest rates for banks? ANSWER: It’s surely not much of a raise, just 0.25 percent, but it’s important for mortgage borrowers. To understand why let’s look at what the Fed...

Turned Down for Loan. Now What?

Posted On: 12/16/2015
QUESTION: We recently applied for a mortgage and were turned down. How can we buy a home if lenders won’t give us a chance? What can we do to get financing? ANSWER: “Lenders” didn’t turn you down; just one lender said “no,” and that lender may simply...

Loans: Why Are They So Complicated?

Posted On: 12/09/2015
QUESTION: We recently applied for a mortgage, and the experience was terrible. We were asked for a lot of paperwork and then were asked for more paperwork. Why don’t lenders simplify the system so that financing a house is as easy as getting a car loan or financing for a...

Will Rate Hikes Tank the Market?

Posted On: 12/02/2015
Question: The Federal Reserve is expected to hike interest rates in December. If that happens will it sink the real estate market? Answer: Several times during the past year many predicted that the Federal Reserve would raise rates and nothing happened. As this is written before the...

Are Piggies Still in The Market?

Posted On: 11/25/2015
Question: There used to be piggyback loans. Is such financing still available and, if so, is it safe for borrowers? Answer: In basic terms, a piggyback loan is a form of financing – really two loans – that are used to avoid private mortgage insurance. The way it...

Mortgages: Easier to come by today?

Posted On: 11/18/2015
QUESTION: Is it easier to get a mortgage today? I hear all kinds of scary stories and would simply like a straight answer. ANSWER: You’ve come to the right place. Let’s look at some numbers. Interest rates for much of the year have been around 4 percent. That compares...

Should We Take On A New Mortgage?

Posted On: 11/11/2015
QUESTION: We have a home that is mortgage-free but are thinking of a new loan. Mortgage rates today are low, and there is little room for them to go anywhere but up, so if we borrow now we will have cash when rates are higher and thus an ability to buy more real estate when rates rise....

Should I Go Big With My Down Payment?

Posted On: 11/04/2015
Question: I’m considering an ARM and have the ability to borrow with either 10 percent or 20 percent down. I am fully aware of the danger that my ARM loan rate may go far above the original interest level, but what I’m really concerned about is that with the smaller down payment...

Is Assuming A Loan A Good Idea?

Posted On: 10/28/2015
Question: We’re looking at a home where the owner has told us if we buy we can assume the mortgage. Is this a good strategy in today’s market? Answer: There was a time when mortgages were “freely” assumable, an expression that means that a new borrower can come...
Join our Real Estate Newsletter - includes great tips and articles on the latest real-estate trends, plus lists upcoming real-estate training opportunities, clubs, or networking events.
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