Moving can be a stressful and difficult time for children as well as adults. When children are forced from their familiar surroundings they experience a vast array of emotions. Children can feel scared, angry, anxiety and grief when they learn they are moving. It is important to ease the transition into a new home, below […]
Albuquerque Museum of Art & History Offers Free Day
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?
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 […]
Albuquerque’s Ecbroker®
NEW AREA CODE
THE RISE AND FALL OF REAL ESTATE PRICES
The rise and fall of real estate prices has become such a national obsession, the stats really ought to be carried on the sports pages. Small wonder, as the number of Americans buying investment property has boomed in recent years. But with double-digit price appreciation slowing or vanishing from many markets, the question has become, […]
Today’s Mortgage Market
Alot of stuff on the news today about the mortgage market! We had news today that a primary mortgage source went under, leaving 3 MAJOR mortgage companies in Albuquerque without ways to fund their loans. This is causing a slight nail biting within our industry today, but take some sedatives and know this – ALL […]
Home Prices Aren’t Falling in Saturated Market
By Autumn Gray Copyright © 2007 Albuquerque Journal; Assistant Business Editor Patrick King started helping his brother look for his first home at the end of summer 2006. Their price range: $100,000 to $130,000. Their luck? They found one and only one in the Albuquerque metro area “that wasn’t a total dump” after looking for […]
