The world of real estate is as fascinating as it is complex, brimming with opportunities for both seasoned investors and first-time buyers. However, the abundance of information surrounding this field often leads to more questions than answers. As someone deeply passionate about real estate, I find joy in demystifying this domain for those who share […]
Albuquerque Real Estate Dictionary – Amortization Schedule
Amortization Schedule – The gradual repayment of a mortgage loan by installments. This document you will see at closing, and it’s about 4 pages of numbers. Each line item will show you the total payment and how much is allocated to cover interest, taxes, insurance and the principal amount of the loan. These numbers will […]
Should I ask for a price reduction, a credit or a repair?
So you’ve conducted your home inspection, and now it’s time to negotiate with the sellers regarding disclosed issues on the inspection reports. What is best to do? You could ask for a price reduction in the house – easy if it’s a cash purchase…a little trickier if you are getting a loan/mortgage on the property. […]
Mortgage Rates Continue Impressive Run – But Volatility Could Be On The Horizon
Mortgage Rates: Mortgage rates have had an impressive run–the best since 2011, in fact, when it comes to total peak to trough movement. That winning streak might not even be over, but every time rates bounce recently–even if only slightly–it’s cause for concern. For one of a few potential reasons, these big moves in rates […]
Where are my keys?
The question is often asked “when do I get my keys?” If you have recently purchased a new home, you most likely met with the closing officer at your title company, and signed your obligations and responsibilities and handed over the required funds to close. The sellers most likely have met with the title company […]