There is an infrequently-used mortgage program available that could be the solution to a buyer’s or seller’s problem. A temporary buydown is fixed rate mortgage that the seller has prepaid interest at closing to lower the payments for a number of years. The borrower must qualify at the note rate...
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About: Maggi Pritchard
Recent Posts by Maggi Pritchard
Tips for Buying Rentals
Maggi Pritchard
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Buying rental property can be an excellent decision and the better informed you are, the more likely you’ll have favorable results. The following suggestions can help you with your decisions. Real estate is a long term investment affected by supply, demand and the economy. It isn’t an investment that is...
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How Earnest Are You?
Maggi Pritchard
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“If I tell you it’s going to rain, you can put the buckets on the porch.” If you grew up in the south, you may have heard this expression when a person is testifying to the veracity of his word. If you know a person and/or their reputation, you know...
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Components of a Credit Score
Maggi Pritchard
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Credit scores are used by lenders to measure the credit worthiness of borrowers. While there are several different companies that offer scores, the FICO, Fair Isaacson Corporation, is the model that is used most often. There are five key components that determine the overall score or rating. The most emphasis,...
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More Money in Your Paycheck
Maggi Pritchard
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A homeowner’s tax savings benefit is generally realized when they file their federal income tax return after the money has been spent for the interest and property taxes. Some people look forward to the refund as a means of forced savings but some people need to realize the savings during...
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