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Monday, 06 October 2008 |
By Janet Giacoma
 As a woman, being a real estate professional can be a very rewarding career. Whether you are a sales agent or broker, a mortgage agent or broker or even an investor, there are a number of benefits that a real estate career awards successful goals driven women. Your income is only limited by your time and your ability to effectively market your services. This career offers a flexible schedule in that you can take the kids to school, come into the office and work and then leave the office to pick the kids up from school. Very few careers offer this type of flexibility.
However, there is one disadvantage to being a real estate professional. You are only as good as your last deal, and our current economy has made those far and few between.
Because of the nature of real estate transactions, the income you earn as a real estate professional is very linear. You list a house, the house sells, and you get paid. You get a mortgage, the mortgage closes, and you |
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Last Updated ( Monday, 06 October 2008 )
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Tuesday, 15 July 2008 |
By Robert Melkonyan
 When comparing different mortgage types it is important to know what you are looking for in the loan. It is also to know what types of mortgages are offered other than the basic fixed and variable. A few mortgages that you may or may not be familiar with are: assumable mortgages, balloon conforming mortgages, and balloon mortgages.
Assumable Mortgage
An assumable mortgage is an adjustable-rate loan where the balance is transferred to the buyer. A positive aspect is that sellers can use very low interest rates to attract potential buyers. A con is that this is not a fixed rate so that the savings are not high, if at all. Also, if the buyer cannot afford the payments, then the bank does not go after him or her, they go after the original borrower. However, these mortgages are not common at all today.
Balloon Conforming Mortgage
The balloon conforming mortgage has a fixed rate for a period of time, but the principal is not fully amortized. For the rest of |
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Last Updated ( Tuesday, 15 July 2008 )
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