Real Estate is a Numbers Game! Check Out Ours!
Past Performace is No Guarantee of Future Success...But What Else Can you Go By! | • | Homes Sold 2008 - 96 | | • | Homes Sold 2007 - 98 | | • | Homes Sold 2006 - 109 | | • | Homes Sold 2005 - 112 | | • | Homes Sold 2004 - 102 | | • | 2008 Settled Volume - $51.2 million | | • | 2007 Settled Volume - $ 51.2 million | | • | 2006 Settled Volume - $46 million | | • | 2005 Settled Volume - $50.5 million | | • | 2004 Settled Volume - $47 million | | • | Average Days on the Market 20 | | • | Average Sales Price - $594,960 | | • | List Price to Sales Price Percentage - 98.27% | | • | Percent of Business that is Listings Sold - 60% | | • | Percentage of Business that is Sales to Buyers - 40% | | • | Average Number of Homes Sold per Year (Last 3 Years) - 101 | | • | Average Bolume per Year (Last 3 Years) 45.5 million | | • | Average Number of Listings (at any one time) - 5-15 | | • | Percentage of Listings Taken to Listings Sold - 98.6% | | • | Percentage of My Own Listings Sold Myself - 22.6% |
Financing Your Home >The Language of Financing
When you meet with a lender to apply for financing, you may feel as if you are in a foreign country when the loan officer begins to talk about points, Regulation Z margins, PMI, and ARMs.
You are not alone if you feel left behind by loan terminology. Like many professionals, lenders use a highly specialized language. Don't hesitate to ask for a translation! This is especially true if you are investigating some of the more complicated loans with rates that can be adjusted periodically. As you consider the various loan options, find out what the interest rate will be and at what point the lender will commit to that rate. If the loan has an adjustable rate, be sure that you understand how often the rate will adjust, and by how much your payments may go up. Find out if the loan can be assumed by a future buyer. The lender isn't trying to confuse you. The mortgage process is complicated, so just keep asking questions until you understand.
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| Q |
What is a VA home loan?
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| A |
The Office of Veterans Affairs guarantees small or no-down payment mortgage loans made by lenders to U.S. veterans. |
 See More Real Estate Trivia > |
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