No prepayment penalty here!
In my closing today with an interest only mortgage, there was no pre-payment penalty. One instance does not a trend make.
Date Archives March 2005
Spec homes –
Interesting NYTimes article that may point to the future of our market?In addition to experienced developers, investors with extra cash who want to dabble in the real estate market are attracted to spec building.particularly because...
Another sign of bubbles?
Where will the markets go when the cheap and easy money dries up? With all this talk about bubbles, might this become a self-fulfilling prophesy? In our market, I do not foresee a "bursting of...
Blogging between appointments!
Busy today ... just signed two listings this morning in Crozet, had lunch with my daughter at school, then took pictures of another property we are going to be listing in Crozet and off to...
Bubble or not?
The articles abound on a daily basis - are we in a real estate bubble? Investors have been turning from the stock market to housing for years. First-time homebuyers have been squeezed up and out...
Pay attention to your loan documents!
Prepayment penalties — requiring borrowers who close out a loan in the first few years to fork over some extra cash — have long been common on the so-called subprime mortgages issued to borrowers with…
Staging homes
I just listened to an interview with Barb Schwarz, a staging expert. Call me a real estate geek, but it was fascinating. The gist is that staging homes adds value - it is that simple....