WORD OF THE WEEK- AMORTIZATION OF A LOAN

  Congratulations! You just bought a home, or are considering doing so? It can be a bit daunting when you are faced with a life changing investment and a vocabulary lesson at the same time. We are here to break down some of these foreign words for you. Today we are taking on Amortization of a loan. Amortization is just a fancy way of saying “spreading out”. When you hear this term, it is referring to spreading your payments out over multiple periods. Fear not! You’ve more than likely done this before with phone plans or big purchases of some...

Word of the Week- Appraisal Vs. Inspection

  Appraisal Vs. Inspection If you haven’t already delved into the world of real estate, chances are that at some point in your life, you will. Real estate is often the most important investment people ever make, yet often they are astoundingly un-educated about the process and the terminology. As a perpetual student, I thought it would be fun to create a weekly journey to teach the average person about this complex and varied world. We will launch this journey by comparing “Appraisal” vs. “Inspection”. They sound like synonyms, but they are actually two very different things and serve very...