Real Estate Headlines for Saturday, May 30, 2015
Q: What Is a Prepayment Penalty?

A: Some mortgages have prepayment penalties written into them.  This means you will have to pay the lender a percentage of the principal, or some other stated amount, if you decide to repay the loan early.

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Word of the Day

Interim financing.  Short-term loan usually made during the construction phase of a building project or until a permanent, long-term loan can be obtained.  Also called a construction loan.

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7 Ways Your Kids Can Safely Play Outside This Summer

Parents love their kids and want to keep them safe.  Summertime safety is an issue parents think about on a daily basis.  They often wonder, “What else can I do to make sure my family is safe?” Teaching kids about safety measures ...

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Word of the Day

Air rights. Right to occupy and use the open space above a parcel of land or property, such as in the leasing of air space over existing buildings or highways.

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Q: What Is a Hybrid Loan?

A: Also called a fixed-period ARM, these crossbreed loans combine features of fixed-rate and adjustable-rate mortgages.

They start out with a fixed interest rate for a number of years – usually 3, 5, 7 or 10 years – and then conve...

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7 Things to Know about Paint

Painting the interior of your home is the fastest and most economical way to give it a fresh, new look. But before you pick up a paintbrush, read these tips from the editors of Better Homes & Gardens:


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Word of the Day

Appreciation. Increase in property value or worth due to economic or related factors; the opposite of depreciation.

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Q: How Can I Finance Work Needed for Home Repairs?

A: According to the Millennial Housing Commission created by Congress, few lenders are willing to administer home improvement loans. Most prefer to make home equity loans or unsecured consumer loans because they are easier to manage.  Home improve...

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Cali Experts Advise Countering Drought with Water Wise Plants

This week, I'm drilling deep into our raft of resources to help western region homeowners facing long-term drought and near-drought conditions creating havoc with water-starved landscapes and lawns.


Billy Goodnick in Santa Barbara, C...

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Word of the Day

Convey. To transfer property from one person to another.

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