Month: October 2012

Residential Real Estate Terms and Definition Series: FHA Insured Mortgage

FHA Insured Mortgage: a mortgage under which the Federal Housing Administration insures loans made, according to its regulations. To download the entire list of terms and definitions, please see the PDF located on our website @http://jodiecollins.com/Real_Estate_Glossary_1273524611838.pdf

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Residential Real Estate Terms and Definition Series: Federal Housing Administration (FHA)

Federal Housing Administration (FHA): an agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring of residential mortgage loans made by private lenders. The FHA sets standards for construction and underwriting but does

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Buying a Home Myth vs. Truth #2

Myth: Good credit and money in the bank is all you need to qualify quickly for a home mortgage. Truth: The fact is that it takes, on the average, up to 30 days or more from the time you start

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Know someone who is looking to buy, sell, or lease outside of the N.W. Houston Metro area?

Do you know someone who is looking to buy, sell, or lease a home outside of the North West Houston Metro area? Maybe even outside of Texas. As long as the location has a Keller Williams office close by, I

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Buying a Home Myth vs. Truth #1

Myth: When purchasing a new construction home, you can’t use a Realtor Truth: This simple isn’t true. Just as is the case when leasing a home, a Realtor can be your advocate. Someone who can help that is in your corner. A Realtor can

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Residential Real Estate Terms and Definition Series: Escrow Payment

Escrow Payment: that portion of a mortgagor’s monthly payment held in trust by the lender to pay for taxes, hazard insurance and other items as they become due. Part of the Keller Williams Real Estate Glossary. To download the entire

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Leasing Myth vs. Truth #3

 Myth: It is easy to negotiate the monthly cost and down payment of a lease. Truth: The average lease price is 1% of the home value. If you attempt to negotiate on a lease without knowing all of the facts, you

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Leasing Myth vs. Truth #2

Myth: It is easy to qualify for a home lease. Truth: Several years ago, this might have been the case. Unfortunately, with the stricter mortgage loan requirements, this also means higher competition for leases. This has also made the requirements

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Leasing Myth vs. Truth #1

Myth: You don’t need a Real Estate agent when looking for an apartment lease. Truth: Technically this is correct, it isn’t a requirement that you have a Realtor in order to look for or sign an apartment lease; however, it isn’t well known

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