Suggest You - Real Estate

Relevant Homepage Content Will Help Optimize Your Site
The internet first began as a way of relaying information between different computer networks. Today, more and more people are using the internet to do their shopping as well as information gathering. Although online shopping is steadily increasing, search engines still value the internet as an information source- placing higher value on sites that offer informative, useful content. Therefore, having relevant information on your site’s homepage (related to your specific product line or services) will help you

s less than 20 percent.

Negative amortization: An increase in the outstanding balance of a loan created when the payment isn’t large enough to cover the interest charged.

Note: A legal document obligating a borrower to repay a loan at a stated interest rate during a specified period of time. The mortgage note is secured by a mortgage.

Owner’s Title Insurance Policy: Insurance to protect the buyer against loss arising from dispute over ownership of property. The owner’s guarantee that the property is free and clear of any unknown defects. You will receive a copy of this policy before closing, and again at closing.

Pre-Qualification: A determination of ho

How to Get Started on Your Marketing Plan
When developing or updating a marketing plan, knowing where to start is often a challenge. To better develop effective marketing strategies, begin by gathering information about both your business and the larger business environment (competition, trends, statistics, etc).Internally, the amount of information you gather about your own business will depend on your company size. Information can include business strategies and plans; company marketing plans; pricing; and income statements. Employee knowled

Understanding real estate and mortgage terminology is of utmost importance when buying a home. The vocabulary will become second nature the more you are involved in real estate transactions. For the pros and loan officers, it’s daily language.

This is a quick reference of mortgage dictionary words. Sit down and read each description and become familiar with the words. Then, in a few weeks, you can “talk the talk” and be familiar with the meaning of each word.

Escrow Account: A financial account, separate from an operating account, maintained by a title company for the benefit of the parties to a real estate transaction.

Federal National Mortgage Association (FNMA): Also know as “Fannie Mae,” a tax-paying corporation created by Congress that purchases and sells conventional residential mortgages, as well as those insured by FHA or guaranteed by VA. This institution, which provides funds for one in seven mortgages, makes money more available and more affordable.

Fixed Rate Mortgage: Interest rate is constant for the entire term of the loan.

Floating Rate: An interest rate that is not guaranteed. One that can change as the “market” changes. You can choose to float your rate, instead of lock your rate.

Foreclosure: A legal procedure in which property securing the debt is sold by the lender to pay the defaulting borrower’s debt.

Housing Expenses-To-Income Ratio: The ratio, expressed as a percentage, which results when a borrower’s housing expenses are divided by his/her net effective income (FHA/VA loans) or gross monthly income (conventional loans).

Index: the interest rate to which changes in an adjustable-rate mortgage are pegged.

Impound: The portion of a borrower’s monthly payments held by the lender to pay taxes, hazard insurance and mortgage insurance.

Interest Rate: The percentage a borrower pays to borrow money. On adjustable-rate loans, index plus margin equals adjusted interest rate.

Lien: A monetary claim against a property, which usually needs to be settled before the buyer can take title.

Loan Application Fee: A lender’s fee, usually ranging from $75 to $300, which the buyer must pay when applying for a mortgage.

Lock-In: A lender’s promise to guarantee an interest rate or points for a set period during the qualifying process.

Margin: The amount added to an index to determine future interest rates on adjustable-rate mortgages.

Market Rate: The average rate charged by lenders for conventional, fixed-rate loans.

Mortgage: A legal document that pledges a property to the lender as security for payment of debt.

Mortgage Insurance: Money paid to insure the mortgage when the down payment is less than 20 percent.

Negative amortization: An increase in the outstanding balance of a loan created when the payment isn’t large enough to cover the interest charged.

Note: A legal document obligating a borrower to repay a loan at a stated interest rate during a specified period of time. The mortgage note is secured by a mortgage.

Pre-Qualification: A determination of ho

Roll Over 401K Money
Few people these days work for the same organization their entire lives. People may need to change jobs for varied reasons that include better career prospects, better salary and perks, convenience, a shift to a new city or country -- just about anything can cause a job shift. In these situations, an individual is required to roll over 401K money from the previous employer's set account to a new one. In these circumstances an individual is advised to roll over the money into an individual 401K account.

a tax-paying corporation created by Congress that purchases and sells conventional residential mortgages, as well as those insured by FHA or guaranteed by VA. This institution, which provides funds for one in seven mortgages, makes money more available and more affordable.