In today’s market, there are three approaches that can be taken to determine the estimated value of a property: a comparative market analysis (CMA), a broker price opinion (BPO) and an appraisal. The CMA and BPO are both performed by local realtors or brokers while an appraisal is done by a certified appraiser. Depending on […]
Every time you take a loan out, you have options. In addition to the specific mortgage program and possible down payment amount, you will have the option of putting your property taxes in escrow every month. Doing this will place money in an account that your lender will have access to, as a means of […]
There is a common misconception in the business world that getting the best deal always equates to receiving the lowest price. There are many scenarios in which this is true, but there are other times when overpaying is both necessary and welcomed. Although this is counter-intuitive to popular belief, a good deal is represented by […]
If you are facing a cash shortage, one of the ways to get cash quickly is by refinancing any existing properties you may have. While this may serve as a short term solution, it can also have lasting ramifications when you are not careful. Between interest only and short term adjustable rate mortgages, there are […]