The first Wednesday of the month and every Sunday from 9 a.m. to 1 p.m, is free entrance to the museum. It is easy to find, located in a unique position—in the heart of historic Old Town and just across the street from the New Mexico Museum of Natural History. The museum regularly features exhibitions, […]
SHOULD I RENT, OR SHOULD I BUY?
With the media telling us ‘The Sky is Falling’, should you rent, or should you buy? Let’s take a minute to find out – SHOULD I RENT, OR SHOULD I BUY?
WHAT ARE PIGGYBACK LOANS?
Bank of Albuquerque Mortgage What Are Piggyback Loans? Depending on the lender or broker you’re talking to, Piggyback loans are also called: a. Combo Loans b. 80/10, 80/15, 80/20, 75/25 loans Piggyback loans combine a 1st mortgage (usually 75 – 80% of the appraised value, to avoid PMI), with a “piggyback” 2nd mortgage (usually 10%, […]
WHAT’S THE REAL STORY ON THE HOUSING MARKET?
Improvement in Mortgage Market Bodes Well for Housing in 2008 WASHINGTON, October 10, 2007 – Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors®. Lawrence Yun, NAR senior economist, notes that widening credit […]
NEW AREA CODE
NEW AREA CODE FOR NEW MEXICO COMING! On October 7, 2007 – the state of New Mexico will be split into two area codes. The northwest region of the state will retain it’s current area code (505) and the rest of the state will get a new area code (575). This change will affect wireline […]