Pay attention to your loan documents!
Prepayment penalties -- requiring borrowers who close out a loan in the first few years to fork over some extra cash -- have long been common on the so-called subprime mortgages issued to borrowers with blemished credit records.... Most of my buyers are choosing to…
Heated market leads to sudden decisions
I heard the end of an interesting story on NPR this morning discussing the over-heated real estate markets nationwide. One couple was recalling how they had to decide to make an offer on a house within 30 minutes of visiting the house once and then…