A "fixed-rate mortgage" is a home loan with a fixed interest rate for the duration of the loan. This implies that the mortgage has a fixed interest rate from start to finish. Fixed-rate mortgage loans are popular among customers who want to know how how much they'll pay each month.

However, not all mortgages are the same. While some borrowers prefer adjustable-rate mortgages (ARMs), the fixed-rate mortgage is unquestionably the most common loan type. Even with fixed-rate loans, there are several options to choose from.  Continue reading to learn everything you need to know about fixed-rate mortgages and which type is best for you.

Short sales can be an appealing alternative if you want to purchase a property at a lower price. Short sales are a safer option than foreclosures for both sellers and lenders, so they are frequently priced a little below market value. They're also usually in better shape than foreclosed homes. A short sale transaction, on the other hand, is far more sophisticated than a typical sale and can thus involve significantly more risk.

Before you decide to buy a short sale, you should fully understand what you're getting yourself into. This guide will provide you with the knowledge you need to navigate a short sale and determine if it is the best option for your situation.

When trying to lower your payment, it's simple to become trapped in your interest rate because it's expected that mortgage rates will increase in the future. But amortization, a different factor to consider, may have an even greater impact on your monthly mortgage payment.

By using amortization, borrowers can break up a loan into a series of consistent monthly payments until they have paid off the total value. The process of obtaining a loan for a business can be made easier for an accountant or finance professional by acknowledging amortization and knowing how to calculate it. In this article, we'll show you how amortization can help you in your mortgage payments.

You'll most likely need a pre-approved mortgage if you want to buy a house. A pre-approval for a new mortgage gives you an idea of how much you can pay based on the program you apply for.

A pre-approval letter, on the other hand, demonstrates to sellers that you are financially secure. And if there is great competition for properties in your area, sellers will not consider your offer without one. Also, knowing the ins and outs of a mortgage pre-approval will give you an advantage over other less prepared homebuyers.

A property is among the most expensive items often people make in their lives. As a result, buyers, sellers, and investors are all concerned about determining the fair market value of a property. However, determining the fair market value is a complex process that takes into account numerous factors.

Instead of thinking of fair market value as a mathematical formula, consider it like baking a cake: you'll need a lot of ingredients to get it just right. In this guide, we’ll help you understand what Fair Market Value is and how it can help you with your real estate transaction.

So you've listed your house, landed a buyer, and agreed on a price. Your house is almost sold, but it's not quite time to pack the moving boxes yet. Why? Because you still have to pass the home inspection first.

In a typical real estate transaction, the home inspection takes place after the buyer signs the purchase agreement, but before the final closing date. Most home buyers choose to make the closing conditional on the home inspection results, which means they can back out of the deal if the inspector discovers something they don't like and the seller is unwilling to fix it or reduce the total cost to account for it.

However, what does a home inspector do? And what can you do to increase the chance of passing your home inspection? Keep reading to find out.

An MLS or Multiple Listing Service is the most widely used and efficient tool in the world of real estate. Multiple listing service is a database that enables real estate brokers to share information about properties for sale, making the buying and selling process run more smoothly. While the MLS program differs from state to state and sometimes even city to city, its effective implementation remains consistent.

There are over 650 MLS organizations in the United States. Furthermore, the MLS organization is essentially a tool that allows Realtors to seek and sell properties that they don't authentically have listed. But what is the benefit of an MLS program in a real estate transaction? How does it affect the buyer and seller? Keep reading to find out more.