CLICK HERE to see Homes for Sale in the Greenbrier Neighborhood of Charlottesville, Virginia
Courtesy of Quinton Beckham
Keller Williams Realty
434.242.6212
Thursday, January 31, 2013
Homes for Sale in the Greenbrier Neighborhood of Charlottesville, VA
CLICK HERE to see Homes for Sale in the Greenbrier Neighborhood of Charlottesville, Virginia
See Homes for Sale in Carters View Neighborhood of Charlottesville!
CLICK HERE to see homes for sale in the Carter's View Neighborhood of Charlottesville
Courtesy of Keller Williams Realty
Quinton Beckham
434.242.6212
Tuesday, January 29, 2013
See Homes for Sale in Walker Square, Charlottesville
CLICK HERE to see Homes for Sale in Walker Square, City of Charlottesville
Quinton Beckham
Keller Williams Realty
434.220.2224
Belmont Homes For Sale
CLICK HERE to see Homes for Sale in the Belmont Neighborhood of Charlottesville
Courtesy Keller Williams Realty
Quinton Beckham
434.220.2224
Homes for Sale in the Rugby Hills Neighborhood of Charlottesville
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Courtesy of Keller Williams Realty
Quinton Beckham
434.220.2224
Monday, January 28, 2013
Homes for Sale in the Greenbrier Neighborhood of Charlottesville
CLICK HERE to see Homes for Sale in the Greenbrier Neighborhood of Charlottesville!
Courtesy of Quinton Beckham
Keller Williams Realty
434.220.2224
Sunday, January 27, 2013
Homes for Sale in Belmont Neighborhood of Charlottesville
CLICK HERE to see Homes for Sale in the Belmont Neighborhood of Charlottesville
Courtesy of Keller Williams Realty
Quinton Beckham
434.242.6212
Homes for Sale in the Cherry Hill Neighborhood of Charlottesville
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Quinton Beckham
434.242.6212
Fluvanna County Homes for Sale
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Quinton Beckham
434.242.6212
FREE Tips and News for Real Estate
CLICK HERE to read free News and Tips for Real Estate!
Courtesy of Keller Williams Realty
Quinton Beckham
434.242.6212
HOMES FOR SALE IN THE RAINTREE NEIGHBORHOOD OF CHARLOTTESVILLE
Quinton Beckham
Keller Williams Realty
434.242.6212
Greene County Homes For Sale
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Quinton Beckham
Keller Williams Realty
434.242.6212
Luxury Homes for Sale in Charlottesville / Albemarle
CLICK HERE to see Luxury Homes for Sale in the Charlottesville / Albemarle Area
Quinton Beckham
Keller Williams Realty
434.242.6212
Friday, January 25, 2013
See All Condominiums for Sale in the City of Charlottesville
CLICK HERE to see all Condominiums for Sale in the City of Charlottesville
Courtesy of Keller Williams Realty
Quinton Beckham
434.242.6212
Personal Service - Advanced Technology
www.select-homes-charlottesville.com
Confused by Mortgage Lingo? Here's some help.
I can well remember when I first started in college back in... well, let's not say how long ago that was, it was more than a little while... when I first started learning all the terms I would have to know to be in healthcare and not look like an idiot it felt like I was having to learn a second language. And in some ways, I was. It took years to sling those words and phrases and initials around like a pro. I am still of the belief that those words and abbreviations exist in healthcare so that your doctor can talk about you, right in front of you, without you knowing what he is saying.
Frequently, sitting across from a loan officer feels exactly the same way. They throw around words and abbreviations and phrases like they are talking about breakfast cereal and we smile and nod, afraid they will think we are not financially savvy and then walk away not really sure what the heck it was they said. This can make the pre-approval process a frightening thing, as though we are being asked to lay out the most private details of our life so that someone can judge us. It can be a very daunting process to go through, especially if it is your first time or you aren't sure that you will qualify. So, to give you a chance to speak the language like a pro and, more importantly, really understand what they are talking about - I give you the Glossary of Mortgage Terms!For the complete glossary from The Mortgage Professor, click here.
Some of my personal favorites:
JUMBO MORTGAGEThough at first glance you might think that this is a mortgage that comes with large fries and bucket of coca-cola, it is, in fact, not. Jumbo mortgages are those mortgages whose total amount are higher than what Fannie Mae or Freddie Mac are allowed to purchase. Though there are some exceptions to these rules, generally these are homes that need to be purchased with conventional loans.
MAXIMUM LOCK
Though this sounds like some action-adventure movie, it is, in fact, a very important thing for potential home buyers to know. When purchasing a home you and the lender "lock-in" the interest rate according to the prevailing rate at the time the home goes under contract. As everyone who has purchased a home recently knows, your expected date to close and the actual you close can be extremely different. The maximum lock is the longest period of time that a lender is willing to "lock in" that particular interest rate for you. Good stuff to know as a purchaser.
NOHO
No, this is not the next up and coming neighborhood in Manhattan. This is Lender speak for someone who does not have the finances currently to become a Homeowner. Mainly, they are living paycheck to paycheck and therefore are too great a risk. I have to admit, I have been a NOHO at certain points in my life. If you think you are a NOHO, contact me so that I can set you up with people can help you to get out of that rut and into better credit, financial health and out of NOHO status.
PAYMENT SHOCK
This is one of my personal favorites. I tend to have payment shock every time I half-fill my small hand carried basket at Whole Foods and then get to the register and see that my small stock of specialty items has reached a triple digit price tag. But in mortgage speak, Payment Shock is generally referring to sudden increases in ARM payments that surprise homeowners when whatever index the ARM is tied to climbs dramatically in a short period of time. Though not something many people have been afraid of lately, this is still something that can occur when interest only mortgages finally convert to including principal.
SWING LOANNo, this is not some tawdry loan hanging out in hot tubs and seeking to flirt with properties that already have a mortgage of their own. Rather this is loan that banks sometimes offer to help homeowners who are seeking to switch homes but need the proceeds from the sale of their current loan to close on their new home who are needing to close on the new home and their current home hasn't closed yet. Also referred to as "bridge-loans" as they bridge the gap between the two closing dates.
I hope that this may have shed some light on "Mortgage Speak" for you and even, perhaps, generated a chuckle or two.
If you are looking to Purchase a Home in the Greater Charlottesville Area, Sell a Home in the Greater Charlottesville Area or Invest in Real Estate - I would very much like to be the agent that helps you in this endeavor. Please check out my website www.select-homes-charlottesville.com or click on the embedded links for more information and resources for sellers and buyers.
Quinton Beckham
Keller Williams Realty
434.242.6212
www.select-homes-charlottesville.com
www.buyorsellhomescharlottesville.com
Luxury Condominiums - Cream Street 10 Building
CLICK HERE to see Luxury Condominiums for sale in the Cream Street 10 Building
Courtesy of Keller Williams Realty
Quinton Beckham
434.242.6212
See Homes for Sale in the Carters View Neighborhood of Charlottesville
CLICK HERE to see homes for sale in the Carters View Neighborhood of Charlottesville!
Courtesy of Keller Williams Realty
Quinton Beckham
434.242.6212
Homes for Sale in the Riverdale Neighborhood of Charlottesville
CLICK HERE to see homes for sale in the Riverdale Neighborhood of Charlottesville
Courtesy of Keller Williams Realty
Quinton Beckham
434.242.6212
Thursday, January 24, 2013
See homes for sale in the Rugby Neighborhood of Charlottesville
CLICK HERE to see homes for Sale in the Rugby Neighborhood of Charlottesville
Courtesy of Keller Williams Realty
Quinton Beckham
434.242.6212
~~Homes for Sale in the Raintree Neighborhood of Charlottesville~~
CLICK HERE to see Homes for Sale in the Raintree Neighborhood of Charlottesville
Courtesy of Keller Williams Realty
Quinton Beckham
434.242.6212
Condominiums for Sale in the City of Charlottesville
CLICK HERE to see All Condominiums and Townhomes for Sale in the City of Charlottesville!
Courtesy of Keller Williams Realty
Quinton Beckham
434.242.6212
Homes for Sale in the Redfields Neighborhood of Charlottesville
CLICK HERE to see homes for sale in the Redfields Neighborhood of Charlottesville
Courtesy of Keller Williams Realty
Quinton Beckham
434.242.6212
~~Homes for Sale in the Cherry HIll Neighborhood of Charlottesville~~
CLICK HERE to see Homes for Sale in the Cherry Hill Neighborhood of Charlottesville!
Buy a HomeSell a Home
Invest in Real Estate
Call me! I can help.
Quinton Beckham
Keller Williams Realty
434.242.6212
www.Select-Homes-Charlottesville.com
www.buyorsellhomescharlottesville.com
Tuesday, January 22, 2013
Looking for a new home? Need to know what yours is worth?
If you are looking for a new home in the Charlottesville / Albemarle area and need to know what your home is worth, CLICK HERE and let me help you move on from the home you are in to the one you want!
Quinton Beckham
Keller Williams Realty
434.242.6212
~~~New Homes For Sale In Charlottesville~~~
CLICK HERE to search homes for sale in Charlottesville!
Quinton Beckham
Keller Williams Realty
434.242.6212
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