Real Estate Term of the Day: Adjustable Rate Mortgage (ARM) ADJUSTABLE RATE MORTGAGE (aka: ARM) – a type of mortgage loan that allows the interest rate to be changed at specific intervals over the maturity of the loan (Barron’s Dictionary of Real Estate Terms) Contrast to: FIXED-RATE MORTGAGE When financing a new home, it is key … More Real Estate Term of the Day: Adjustable Rate Mortgage (ARM)
Home Sweet Home: Why Choosing the Perfect Neighborhood is Just as Important as the House Itself By Keith Loria It’s easy to fall in love with a house, but buyers need to think about more than just the home itself before deciding to live there. While the home may have the perfect number of rooms, … More Home Sweet Home: Why Choosing the Perfect Neighborhood is Just as Important as the House Itself
As a prerequisite for selling real estate, real estate professionals must be licensed by the state in which they work, either as an agent/salesperson or as a broker. Before a license is issued, minimum standards for education, examinations and experience, which are determined on a state-by-state basis, must be met. After receiving a real estate … More The Difference Between Real Estate Brokers and REALTORS®
Since April 1971, Freddie Mac has surveyed lenders across the nation weekly to determine the average 30-year fixed-rate mortgage rate. The purpose of the Primary Mortgage Market Survey® (PMMS®) is to survey lenders each week on the rates and points for their most popular 30-year fixed-rate (and other various loan products offered by lenders including: … More A Glance at Historic Interest Rates
LESLIE MONACO REAL ESTATE 