Real Estate Term of the Day: Absorption Rate ABSORPTION RATE – the rate at which homes are selling in a specific area. There are 3 pieces of information you will need to find absorption rate: The specific time frame The number of sold homes during that time frame The number of active homes right now … More Real Estate Term of the Day: Absorption Rate
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
The lending environment has changed drastically over the past three years. Now more than ever, lenders are very nervous to lend money and are tightening their guidelines. The process to obtaining financing for a home is extremely difficult and often times painful. I have listed below actions to avoid before applying for a mortgage loan … More 10 Things to Avoid When Applying For A Loan
LESLIE MONACO REAL ESTATE 