Expert Insights: In Seller Financing, How Does the Seller Determine What Rate to Provide?
The interest rate on a purchase money note is negotiable, as are the other terms in a seller-financed transaction. To...
Posts by Maria Patterson
Expert Insights: Should I Lock in the Mortgage Rate?
Because the interest rate market fluctuates constantly and is subject to quick movements without notice, locking in a mortgage rate...
Expert Insights: Are 40-Year Mortgages a Good Idea?
While these are rare in today’s mortgage climate, the main reason buyers sign on for these type of loans, which...
Expert Insights: Which Is Better, a 15-Year or 30-Year Loan?
The 15-year mortgage offers you a chance to save thousands of dollars over the life of the loan. This is...
Expert Insights: Why Do Most Homebuyers Prefer a Fixed-Rate Mortgage?
Long-term, fixed-rate mortgages are preferred by most homebuyers because they offer security and stability. The interest rate does not fluctuate...
Expert Insights: Are Interest Rates Negotiable?
It depends who you negotiate with. Some lenders are willing to haggle on both the loan rate and the number...
Expert Insights: What Is a Lease Option?
A lease option is an agreement between a renter and a landlord in which the renter signs a lease with...
Expert Insights: What Is Seller Financing?
Also known as a purchase money mortgage, it is when the seller agrees to “lend” money to the buyer to...
Expert Insights: What Is a Bridge Loan?
It is a short-term bank loan of the equity in the home you are selling. You may take out a...
Expert Insights: Is a Reverse Mortgage Good for Elderly Homeowners?
A reverse mortgage is an increasingly popular option for older Americans to convert home equity into cash. Money can then...
Condo or House? Helping Clients Decide Which Makes More Sense
With home prices still elevated in much of the country, condos have become more realistic for buyers determined to exit the rental train. Read more.
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