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Principle and Interest The first item on your house note will be the Principle and Interest (P&I) calculation based on the original amount of your loan. Using a good Mortgage Calculator, simply plug in the current interest rate and the … Continue reading
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The main thing to know when negotiating a short sale is that it’s always going to be priced somewhat below market if for no other reason than the fact the seller is looking for a quick sale. I recently had … Continue reading
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Navigating Short Sales: What to Do When the Sale Price Leaves You Short If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of … Continue reading
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OK….this is it. 2012. The year everyone says we will see more repos and ‘short sales’ than in 2010 or 2011. As bad as that sounds, it’s a huge opportunity for buyers. Unfortunately there are so many buyers who are … Continue reading
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Have you recently suffered a major financial loss and can no longer afford your house note? Have you already missed one or more payments and the mortgage company is stressing you out with harassing phone calls and letters? Do you … Continue reading
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A ‘short sale’ occurs anytime the net proceeds from a sale of a home are less than the amount needed to pay out the mortgage and any other liens that might be against a property. What You Need to Know … Continue reading
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The following is a reprint courtesy of HUD.Cov, US Dept of Housing and Urban Development The Section 203(k) loan program is HUD’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool … Continue reading
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