Table of Contents
You can access the following tip sheets
merely by clicking on your selection. The tip sheets cover a wide range of
topics. We add and delete from the list regularly. If there is a subject that you
would like to see us address, please send an e-mail to John Fesler††† . We hope the tip sheets are informative
and helpful to you.
Abusive Lending Practices
Sub-Prime financing is coming under scrutiny.
Borrowers may be impacted as fewer loan options become available.
Accessory Dwelling Unit or Mother-in-Law
Is there a difference?
Acquiring a Loan Via the Internet
It's very convenient but be sure to examine both
the positives and the negatives of on line loan applications
All of the changes have not necessarily
been best for consumers
Appraisals - Some Basic Info
What appraisers look for and have to do
when appraising a home
APR . . . What Does It Really Mean
The Annual Percentage Rate is supposed to assist buyers
in determining the cost of financing, but it doesn't always work.
Assistance From Internet Lenders
While convenient, don't expect much help from those
Government Options plus short sale information †
Best Served by Your Realtor
Tips for working well with your Realtor
Remaining loyal is your best bet
Here's how to save interest
and pay off the mortgage early
Calculating the True Interest Rate
Determining the impact of tax deductions and the
subsequent reduction in the note rate
Have fun, but don't rely upon the results
Choosing A Lender
Determine what is important to you
when selecting your lender
Don't be surprised by the closing costs.
Co-Borrowing - The Rules
Depending upon the type of loan,
there are rules governing co-borrowing
Capital Gains Tax Clarified
Avoiding Capital Gains Tax upon sale of personal residence
The five steps to drafting a contingency.
It is best to be specific to avoid confusion
Credit and Divorce
Know what to do in advance to protect your credit
if you are contemplating divorce
The new way to qualify borrowers and how it impacts the ability to acquire a
What to do and not do when applying for a loan.
Understanding the economic news and
how it affects long term interest rates
Equity Lines of Credit
Equity loans are easy to acquire,
but be careful of some unexpected consequences
Some things to know about the process as well as
what you can do to streamline the process
Before "walking away" from your home,
here are few considerations.
Foreclosure Rescue Scams
Be aware of the many ways you can lose your home
Estimate (GFE) Form
Understanding closing costs is important
This form can be confusing
What coverage do you need and how to save costs
Internet Loans & Buyer Assistance
Internet lenders typically look for the AAA borrowers
and provide little assistance to any others
Know how it works before you obligate yourself
and Closing Disclosure Forms
These are the latest forms attempting to provide
understandable disclosure information to buyers
Locking the Interest Rate
Lock in or Float the Interest Rate - A tough Decision
Making Home Affordable
The Federal Plan keeps being modified but
see if you might be eligible for help
Mortgage Interest Rules Clarified
The new rules allow a home owner to take advantage
of equity increases every two years.
100% Financing . . . A Good Idea?
Guaranteed Rural Housing Loan . . . the only Option
Understand the terms before proceeding.
You will need homeownerís insurance.
Donít wait until the last minute.
This isnít as easy as it seems it should be . . .
Never a Better Time to Buy
Don't wait to buy - there's nothing like owning your home
There may be loan for practically everyone
PMI - When Can You Cancel
New rules govern lenders -
you may be eligible for cancellation of your
Private Mortgage Insurance
There is a strategy for when pre-approval letters should be
provided and what they should say
Preparing Your Home For Sale
Some easy and inexpensive things to do
to make sure your home "shows" well
Clean Energy (PACE)
These loans are being heavily promoted Ė be
Cautious and be sure you
Real Estate Advertising
Here's how real estate advertising really works
Determining if a refinance would be
appropriate for you.
Rent vs Buy
The taxable benefits of buying may be a
game changer in your decision
While these loans can provide much needed income
to elderly homeowners, there is much to cautious about
Every loan is made based on the perceived risks
the lender will face.
Shopping Interest Rates
Some things to know about obtaining interest rates
Singles Buying Together
Determine in advance what happens if it doesn't work.
Sourcing the Funds
Lenders need to know the source
of all funds in a real estate transaction
Don't be confused or surprised by this tax
liability that occurs in practically all real estate transactions
Taking Title - A New Form
Taking title as Community Property with Right of Survivorship
gives married couples the best of two worlds
Title Insurance - Basic Information
While seldom used for claim purposes, title insurance
represents a bargain for protection purposes
The method selected to hold title has tax ramifications
as well as other considerations.
Transfer Disclosure Statement
This form is required in all real estate transactions
including "for by sale by owner" sales
The new credit evaluation system
Understanding The IRS Code
The IRS uses a certain "language" when referring
to real estate transactions
Web Sites & Information
A few web sites around consumer laws and regulations
related to real estate, mortgages and home loans
When the FED Changes Rates
Why do long term rates often increase when
we hear that the FED lowered rates?
Why Select an Adjustable Rate Mortgage
While a fixed rate loan is the usual choice,
there are reasons to use ARM financing
Be Missing Some Business
your own home may not be the
out as anticipated.