Search results for: Mortgage

What is Private Mortgage Insurance (PMI)?

Larry O. Doss Sunday, January 22, 2017

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have Too Much Information (TMI) about Private Mortgage Insurance (PMI).

Freddie Mac defines PMI as: "An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less t... Read more

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All You Need To Know About Home Insurance

Larry O. Doss Monday, January 18, 2010

While buying a home, you are always advised to get a home insurance. But do you know what a home insurance is and what are its benefits?

The type of property insurance that covers private homes is called home insurance. This home insurance policy protects the home and the homeowners from the loss that can occur due to damage to the home and its contents. Also, the liabilities for public accidents like fire occurring at home leading to damage of personal possessions are also covered in the home insurance policies.

Information of the property like the property value and materia... Read more

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Predict the Future While Buying a Home

Larry O. Doss Wednesday, January 13, 2010

Whether you are a seller or a buyer in the real estate transactions, you must always thing in the long term of the real estate market. There are several factors that can influence tomorrow’s market and you must be prepared for both ups and downs. To sell your home for a profitable price, you must ensure that your house in good condition. This is because, buyers usually look for homes in to which they can move in immediately without having to get many things repaired. However, if you are relocating, then you must decide whether you wish to sell your current home and buy a new home in the new lo... Read more

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Do’s and Don’ts at a Real Estate Auction

Larry O. Doss Tuesday, January 12, 2010

The real estate auctions that happened before 2005 were more of trustee sales that took place in front of the house being auctioned. If you were to participate in those auctions, you would surely get a great deal, but there were drawbacks as well. If you won the bid with the highest amount then you were required to pay cash in full. Also you were not given an opportunity to inspect the house. There were also possibilities that the house had a lot of mortgages on it. All this and more kept many investors from participating.

Before you visit an auction site, question yourself as to why... Read more

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Want to Buy the Elk Grove Homes For Sale? Manage Your Finances Properly…

Larry O. Doss Thursday, January 7, 2010

Your dream of owning a home in Elk Grove will no longer be a dream. With many loan programs for the first time investors on the Elk Grove homes for sale and all necessary information present on the internet, you can easily buy your dream home. With the right information and money in hand, your investment becomes easy. But it is essential that you handle your finances correctly. Here are a few steps to help you properly manage your money.

• Your credit score and credit grade will play an important role in determining the mortgage and interest rates that you are eligible to. So to begin... Read more

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Trends in Real Estate

Larry O. Doss Thursday, December 24, 2009

Recession has had its impact on real estate too. The real estate market is now struggling in many areas of the country. The real estate agents and brokers have realized the importance of being a financial planner in accord to being a sales person. Traditional approaches to the current market do not have its stand in the global real estate market. With real estate transactions going online, agents are seeing themselves in new levels with professionalism and customer service. In such a situation, real estate agents are to be high on heels with technology.

The easy access to information... Read more

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Real Estate – A Budget Priced Venture

Larry O. Doss Tuesday, December 15, 2009

The real estate market in Sac Town is always booming with activity. With the availability of various home loans from the government and private mortgage lenders, buying a home in Sac Town has been made easy. But real estate has its speculations. If you do not repay your loan on time, your home is likely to be foreclosed. Foreclosed homes are budget priced homes. The foreclosed homes for sale in Sacramento have prices as low as 30 percent of the actual market value. This makes foreclosed homes affordable by people of low income and bad credit.

Buying a property in Sac Town has other a... Read more

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Watch Out For Negative Equity

Larry O. Doss Thursday, December 10, 2009

Do you own a home which has negative equity and are wondering how this occurred? The answer is simple. Negative equity occurs when you purchase a home using a home loan and the home prices begin to decline due to economic slowdown. The home value now decreases below the value principally on mortgage. This condition is called negative equity. It can be calculated by taking the value of the home, less the balance on the remaining loan.

An important aspect in the performance of home loans in the third quarter of 2009 was the high resale of foreclosures. This came up to one fifth of the t... Read more

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The Foreclosure Story

Larry O. Doss Tuesday, December 8, 2009

It is everyone’s dream in Sacramento to own a home. As home loans are made easily affordable, almost every family has a home of their own. Home loans with low mortgage rates are provided by the government for low income and bad credit people. These loans have interest rates as less as three percent. Consolidation of loans by the government has made repayment much easier. In spite of all these, foreclosures are on the rise.

The major factors that contribute to foreclosures are fall in real estate prices, abundance of unsold homes, inert home sales and mortgage loans going into default... Read more

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Based on information from the Humboldt Association of REALTORS®, as of 12/07/2019. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker or MLS for accuracy. All information should be independently reviewed and verified of accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright ©2018 Humboldt Association of Realtors®. All rights reserved.