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HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US.  As usual, the proposals were open for comment, and many thousands of them were received.  Mine was among them, and is shown ... more...

How to Shop For a Mortgage
September 24, 2003, Revised November 12, 2004 Shopping for a mortgage effectively isn?t easy. Reforms proposed by HUD, which were pending at the time this article was first drafted, and which promised to make the process much easier, were never enacted.   ... more...

real estate value construction interest rate house loan broker home related definitions

Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more...

Variable Rate Mortgage
Variable Rate Mortgage The variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM is a mortgage with a rate that will adjust over time. You may be familiar with the term three year ARM, or five-year ARM. ... more...

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Construction Loan Basics
It might not be too big of an exaggeration to say that the construction loan is one of the more daunting aspects of building your custom home. Before we started our project, I had nightmares about trying to pay two full mortgages at the same time (our existing mortgage and the construction loan), ... more...

Understanding Real Estate Terminology
Purchasing a home can be a complicated and confusing process, especially for first-time buyers. Throughout the process, first-time home buyers will encounter a variety of unfamiliar real state terms. There are several key terms associates with purchasing real estate that are helpful to learn.For ... more...

Benefits Of A Relocation Service
In relocating into a new house or office, you are aware of the chaos it may bring to your life. With all the clutter in your house, the planning and preparation of the relocation, choosing the right house, and what to do before and after relocating, who could accomplish these things with just two ... more...

When to Use Online Lending Services
If you're in the market for a loan but aren't sure where to look in order to get the best deal, you might want to take a moment to consider online lending services. While online lenders aren't always the best choice for all circumstances, you might find that online loan providers are surprisingly ... more...

Guidelines For Assembling Your Real Estate Investing Team
Why Have A Team?It can be quite a daunting task, when youre starting out, to consider hiring accountants, lawyers and other professionals. Not only is the expense a concern but knowing who to consider and how to make a decision about who to utilize puts many people off. And it is for these reasons ... more...

What Equity Is and How to Use It
With the current popularity of loans based upon home equity, a lot of people find themselves wondering exactly what equity is and how it's used.If you're one of these people, take heart by the end of this article you'll have a much better understanding of home equity and exactly what happens when ... more...

How to Make a Purchase Offer on a Home for Sale by Owner
Many home buyers want to purchase a home directly from the seller to cut out the middle man, but when it comes time to make a formal offer it is often the case that neither buyer or seller knows what to do. Without the aid of a professional real estate agent, making an offer to buy a home that is ... more...

Homes With Acreage-Ann Arbor Real Estate
Some want to leave the big city and find a home with a lot of acreage. Others want to stay in the city, but would like some land to garden, or for privacy. Whatever the reason, there are many homes with acreage for sale. There are many ways to find and pay for such homes.How much land is an acre, ... more...

Loan Officer Marketing: Content Strategies for Keeping in Touch
So youve just returned to your office from a successful meeting with a Realtor. At the end of it they expressed optimism in your services, and told you some famous last words, Ill be sure to send you my next deala week goes by, no dealtwo weeks go by, no deala month later, still no deal.To make ... more...

Buy or Sell First?
When it comes to home buying, the ideal situation would be to find a new home, just as you receive an offer on your existing home. You would then be able to close concurrently and move into your new home a few days prior to closing on your previous home. This does happen more often than not, but ... more...

Fantasy Football Information: Moss Exit Makes Burleson a Star
Heres fantasy football information that fantasy football nuts should print or write down immediately. Dont worry about the Vikings suffering on offense, due to the loss of Randy Moss. In fact, you can outfox your opponents, because of the Moss trade. You see, most fantasy football people will ... more...

Be Patient Screening Tenants
Rental real estate is a solid way to make money. I'm particularly fond of residential properties, because people have to live somewhere. But it's not for the faint of heart.I've seen it more than once: the first mortgage payment is due and the contractor isn't done with the renovations yet, or ... more...


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