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The Truth About Open Houses

One of the advantages of having been in and around the Real Estate business for nearly 40 years is I’ve seen many changes evolve. Some good, some not, and a few just outright bad. When I started in this business in 1985, the MLS was a weekly book that every agent subscribed to. It was

The Truth About Open Houses2023-02-23T14:41:22-05:00

Condominium Documents

Condo Documents are nearly as important to a condo owner as their deed. The reason being they are the written rules and regulation set forth buy a group of people who have decided what will done and not done, acceptable and not acceptable and paid for and not paid for at the place that you're

Condominium Documents2022-11-06T17:55:37-05:00

Transfer Stamps

Most States have a tax on the transfer of property from one owner to another. Currently in New Hampshire the tax is $15.00 per $1000,00 of the purchase price of a home, land, or other real estate. Customarily it is split between both sides of the transaction. The money received goes into the State's general

Transfer Stamps2022-11-06T17:53:42-05:00

Fixed Mortgage vs. Adjustable Mortgage

On the surface it almost sounds self-explanatory, and it is certainly a conversation best had with a loan officer, but basically if you're buying a home for what you believe is going to be a long-term part of your life,  choose the stability of a fixed mortgage. If it's a short term or interim situation

Fixed Mortgage vs. Adjustable Mortgage2022-11-06T17:52:37-05:00

Ernest Money Deposit (E.M.D.)

Sometimes referred to as, Good Faith Deposit. This is your deposit on the property so the seller can take the house off the market while you perform “due diligence” (get you financing done, the inspection etc.) Most common today is a 2% of the purchase price. If a home is $350,000, then you may be

Ernest Money Deposit (E.M.D.)2021-06-11T00:07:32-04:00

Contingency clause

Is a condition that must be met for the loan to proceed or stay together. Examples might be, financing, inspections, sale of another property, closing dates, etc.

Contingency clause2021-06-11T00:07:19-04:00

A.P.R. (annual percentage rate)

This is the interest rate plus the costs of doing the loan (origination, points, processing, underwriting, closing, etc) and adding them to the interest rate… then spreading the total out over the term of the loan.

A.P.R. (annual percentage rate)2021-06-11T00:07:07-04:00

Interest Rate

That is the rate that your charged for the loan amount borrowed.

Interest Rate2021-06-11T00:06:56-04:00

Title insurance

If you have a mortgage, this insurance is required by your lender. It has nothing to do with homeowners' insurance. It covers the lender in the unlikely event that the Title Company either made a mistake or missed something during their search, or an unforeseen occurrence happening after the closing. The home buyer is required

Title insurance2022-11-06T17:48:21-05:00

Title Company

The title company is responsible for the assembling of your loan documents as outlined by your lender. They are also in charge of certifying that the sellers deed is good to transfer to the buyer less any mortgages or liens put on the deed that will be paid off at the closing.

Title Company2021-06-11T00:06:33-04:00
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