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Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it!
Each calculator has dynamic graphs and charts that change as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules.
The mortgage repayment schedule and other reports are fully customizable – just for your home, your interest rate, your loan amount, your taxes, and more.
Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you…
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A balloon mortgage can be an excellent option for many home buyers. A balloon mortgage is usually rather short, with a term of five to seven years, but the payment is based on a term of 30 years. They often have a lower interest rate, and can be easier to qualify for than a traditional 30 year fixed mortgage. There is, however, a risk to consider. At the end of your loan term you will need to pay off your outstanding balance. This usually means you must refinance, sell your home or convert the balloon mortgage to a traditional mortgage at the current interest rates.
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Real Estate Tips
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Selling Your Home >Finding A Buyer
Selling a home is one of the most complex transactions that people are ever involved in. Finding a buyer is often the easy part! When you find someone who wants your home and who has the money to buy it, it is still a long way to the closing table.
You must first negotiate a purchase contract that covers the price and all the terms of the agreement. How much of a deposit will the buyer put down? When and how will the transfer of title occur? Under what conditions can either the buyer or seller back out of the contract? A professional home inspection will inform all parties about the condition of the property.
Having a good agent to handle the details after a home inspection can make the difference between a successful transaction and a failure. The buyer must obtain financing, and the lender’s appraiser will have to agree with the sale price. When clear title has been established, you can sign all the necessary papers to finalize the sale.
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Real Estate Trivia
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Q . Which home is #1 on the Top 10 list for most-visited Historic Home in the United States?
A . Graceland, the palatial home of Elvis Presley in Memphis, TN, attracts 600,000 visitors a year.
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