https://padlet.com/pamelaokeefe27/p4c1js193ik9 Home $weet Home... en-us 2017-09-23 03:23:21 UTC 2026-01-30 13:20:17 UTC hello@padlet.com 0 pamelaokeefe27 https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190330187 An adjustable rate mortgage just means that the interest rate changes. It sounds appealing because usually they'll start out with a lower interest rate. But, then the rate gets adjusted -- well, jump to the 9:00 mark on this Khan Academy video.]]> 2017-09-23 03:27:26 UTC https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190330187 pamelaokeefe27 https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190330883 Who doesn't want easy access to more money? And "everyone" knows that houses are the best sources of equity ever, right? 
Hold up there. If you want to keep your house, be really careful using it as collateral.]]> 2017-09-23 03:44:30 UTC https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190330883 pamelaokeefe27 https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331054 Hundreds of years ago in France, a poor snail was minding his own business when ... Uh.... wait... that can't be right.....]]> 2017-09-23 03:48:11 UTC https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331054 pamelaokeefe27 https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331192 House payments all have PITI -- Principal, Interest, Taxes, and Insurance. Escrow holds the part of the payment for taxes and insurance, and pays them when they're due.  ]]> 2017-09-23 03:51:45 UTC https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331192 pamelaokeefe27 https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331803 Well, not quite. "Point" in this case is a percentage point, and while there's some scoring involved, it's got more to do with scoring lower payments than winning a championship. ]]> 2017-09-23 04:03:06 UTC https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331803 pamelaokeefe27 https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331891 What wizardry is this that shows you all the results of your monthly payments?
WOW!
Turns out - it's not that hard. ]]> 2017-09-23 04:05:24 UTC https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331891 pamelaokeefe27 https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331898 Redlining is not a term a lot of us may be familiar with, but chances are, you wouldn't be living where you are without it. That may or may not be to your advantage. ]]> 2017-09-23 04:05:30 UTC https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331898 pamelaokeefe27 https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331902 Balloons aren't always beautiful, and interest-only mortgages come with some balloons attached. It may or may not be a good idea - as with a lot of home-buying decisions, it depends. ]]> 2017-09-23 04:05:34 UTC https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331902 pamelaokeefe27 https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331905 Zillow would know about foreclosures...]]> 2017-09-23 04:05:37 UTC https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331905 pamelaokeefe27 https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331908 When the owner owes more than the house is worth, she's "upside down." (Possible causes? Home equity loans....) Being upside-down is one of the main motivators for short-sales. ]]> 2017-09-23 04:05:40 UTC https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331908 pamelaokeefe27 https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331911 There are a lot of people involved in home buying besides the buyer and seller. Usually, there are real estate agents, at least. If it's FSBO (for sale by owner) then likely someone has hired a lawyer. And, chances are the buyer wants to make sure the house is sound, so there's probably been a home inspection done. AND, there's a lot of paperwork to be signed. While paper-pushing might sound like an easy, lazy job, paper-pushers get paid the big (or middle-sized) bucks they do because they know which papers to push, and where to push them. 
Closing costs pay for those extra expenses incurred in buying and selling a house. ]]> 2017-09-23 04:05:42 UTC https://padlet.com/pamelaokeefe27/p4c1js193ik9/wish/190331911