A Day in the Life of a Real Estate Agent

VA Mortgage Loans - A Look at the Pros and Cons

If you're a veteran or on active military duty, you’ve likely heard of a Veterans Affairs (VA) mortgage loan and are wondering if it’s a good choice for you. You could also be eligible for a VA loan if you’re the spouse of a military member who passed away while on active duty. A fundamental difference with VA loans is that the VA guarantees the loans made by lenders, but doesn’t lend money. The VA’s backing for private financial institutions serves as insurance against losses if a borrower defaults on a loan. Is a VA mortgage loan right for you? Here are some pros and cons to help you evaluate: Pros: There's no need to be a first-time buyer, and if you've used this benefit in the past, you can use it again on a future home purchase. You could qualify for a Bourne VA loan with 100% financing, and no Private Mortgage Insurance (PMI); which is required on conventional loans if your down payment is less than 20%. With a conventional or an FHA loan, you'...

Be Informed: What is Escrow?

The first time you heard the term, "escrow" you may have been thrown for a loop. While the word may have had you confused the first time, here are some essential things to know about escrow—what it is, what it's used for, and how it works. What Is Escrow? Escrow is a legal notion where money or assets are held by a third-party on behalf of two other parties in the middle of completing a transaction. An escrow company provides two parties the service to make sure everyone does what they say they're going to do. The escrow company acts as a middleman to protect the assets while the home purchasing process is happening. Applied to real estate transactions—when buying or selling a home, escrow is the trusted third-party, who is someone other than the buyer or seller, who will hold money to make sure you execute the transaction correctly. The key thing to remember here is that the third-party is a trusted party . This is a neutral entity who does...

Top 3 Listings in Cataumet

TOP 3 LISTINGS IN CATAUMET 122 COUNTY RD Price: $499,000 City: Bourne Sq Ft: 2016 MLS ID: 72203325 Description: Immaculate Contemporary Cape style home in Cataumet Village. Move right in to this meticulously kept home that features a first floor master suite, cathedral ceiling in the fireplaced living room, open to updated white kitchen with granite countertops, wine cooler and plenty of space to cook. Kitchen has separate informal dining area along with a dining room just off the kitchen. Sliders to deck which overlooks beautiful back yard with area fenced in. Attached two car garage which leads to the laundry area and main living area. Upstairs you will find two generous sized bedrooms, full bath and separate office/loft area. Full walkout basement and lots of storage space. Gas heat with central air conditioning. 6 FULLERS FARM ROAD Price: $679,000 City: Bourne Sq Ft: 2386 MLS ID: 72132128 Description: ...

Cheryl Nightingale - Monarch Realty Group, LLC

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