Mortgage Tips

Types of Mortgages There are many types of mortgage loans available to homebuyers, and within each of these types there are many options: Fixed-rate: A fixed-rate loan offers a monthly payment that is known and does not change. Most fixed-rate mortgages are for loan terms of 15 or 30 years. Adjustable-rate or ARM: After a…

Who Pays for What in a Real Estate Transaction

Many first-time home buyers seem to be confused as to who pays for what in a typical real estate transaction. We decided to provide our readers with a general guide that works for most transactions. Remember, the seller pays the real estate commission, not the buyer! There’s no excuse not to use the help of…