Expert Insights: In Seller Financing, How Does the Seller Determine What Rate to Provide?
The interest rate on a purchase money note is negotiable, as are the other terms in a seller-financed transaction. To...
Exclusive QA
Expert Insights: Should I Lock in the Mortgage Rate?
Because the interest rate market fluctuates constantly and is subject to quick movements without notice, locking in a mortgage rate...
Expert Insights: Are 40-Year Mortgages a Good Idea?
While these are rare in today’s mortgage climate, the main reason buyers sign on for these type of loans, which...
Expert Insights: Which Is Better, a 15-Year or 30-Year Loan?
The 15-year mortgage offers you a chance to save thousands of dollars over the life of the loan. This is...
Expert Insights: Why Do Most Homebuyers Prefer a Fixed-Rate Mortgage?
Long-term, fixed-rate mortgages are preferred by most homebuyers because they offer security and stability. The interest rate does not fluctuate...
Expert Insights: Are Interest Rates Negotiable?
It depends who you negotiate with. Some lenders are willing to haggle on both the loan rate and the number...
Expert Insights: What Is a Lease Option?
A lease option is an agreement between a renter and a landlord in which the renter signs a lease with...
Expert Insights: What Is Seller Financing?
Also known as a purchase money mortgage, it is when the seller agrees to “lend” money to the buyer to...
Expert Insights: What Is a Bridge Loan?
It is a short-term bank loan of the equity in the home you are selling. You may take out a...
Expert Insights: Is a Reverse Mortgage Good for Elderly Homeowners?
A reverse mortgage is an increasingly popular option for older Americans to convert home equity into cash. Money can then...
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