Points or No Points?


If you are applying for a mortgage loan, it is important to understand the meaning of the term “points”. In the mortgage industry, points has multiple meanings. The loan origination fees charged by the lender to make the loan is referred to as points. Additionally, the fees charged in order to lower your interest rate … More Points or No Points?

ForSalebyOwner.com founder gives up on own listing, hires real estate broker


Former FSBO CEO sells home the traditional way Founder and former CEO of ForSalebyOwner.com, Colby Sambrotto listed his 2,000 square foot New York condominium on his own through online classified ads and FSBO sites, but after six months, he opted to hire New York broker Jesse Buckler who immediately advised a price change as the … More ForSalebyOwner.com founder gives up on own listing, hires real estate broker

Home Ownership Hits Lowest Level Since 1965


According to a recent  Census Bureau report, the percentage of people who own homes has dropped to 65.9% during the second quarter. However, when you add those home owners who are delinquent on their mortgages and will likely lose their homes through foreclosure, the actual percentage of home ownership is 59.2% according to a Morgan … More Home Ownership Hits Lowest Level Since 1965