Growing Evidence of Real Estate Tax

There is growing evidence that high real estate tax homeowners are increasingly considering moving to Florida due to income tax law change  which limited the deductibility of real estate taxes. This may soon present a marketing opportunity for real estate...

What Is Equity?

  Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market. The example this video shows – you have a house worth $300,000 today and you owe the bank...

What Is “Prime”?

  The Prime Lending Rate – sometimes just called “Prime”  - is the interest rate that banks charge each other for overnight loans. Some consumer rates – like ARMs – are set in relation to Prime. In the US, Prime is affected by...

What Are Discount Points?

  Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, “points” are essentially prepaid interest with each point equaling 1% of the total loan amount. Generally, for each point paid on a...

How Large A Down Payment Do I Need?

  There are mortgage options now available that only require a down payment of 5% or less of the purchase price. You’ll see some pictures in this video to help you remember later – the larger the down payment, the less you have to borrow and the more...