In the mortgage world, there’s always a lot of talk about rate. What’s the current best 5-year rate? What’s the best rate I can get? What’s the best rate you offer? While rate is definitely an important part of the mortgage equasion (and we discussed a while back why term is also important), sometimes the… Continue reading The Best Mortgage Rate is Not Always the Best Option
Tag: rate
The Cost of Borrowing
With the emergence of the Internet over the past couple of decades, more and more consumers are playing an active role in “rate shopping” for their mortgage. Unfortunately, the “best rate” doesn’t always equal the best mortgage – there’s usually a big difference between the lowest rate and the lowest total cost of borrowing. In fact, the… Continue reading The Cost of Borrowing
How Commission Works in a Real Estate Transaction
As a real estate professional, a question you get asked on a daily basis is “What is your commission rate?” Although this is a very important question to ask any agent, the question nobody ever asks/should ask is “How is commission split and who gets what?” A solid understanding of how commission is disbursed provides… Continue reading How Commission Works in a Real Estate Transaction