Real Estate Professionals Rocking YouTube for Marketing

by Abby Stewart
In today’s internet-focused society, social media plays a considerable role in the decision making process for many buyers. This is why it is essential for all businesses, including real estate companies, to develop and maintain a strong social media presence for marketing purposes. With more than 800 million active monthly users, YouTube is a platform that is often overlooked, ...Read the full article

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Glen Ridge NJ Home Buyers Tell What They Think About Their Real Estate Agent

See homes for sale here, http://www.bevandbobsellhomes.com/search/ Here are more clients talking about the great real estate service they received from Bev and Bob Meaux. ------------------------------------------------------------------------------------ Bev and Bob Meaux provide selling solutions with concierge service in a total transaction environment.Give us a call at 917 737 2537 and visit our website at http://www.BevAndBobHomes.com. Our high integrity, strong negotiation skills and perpetual communications make us your ideal partner whether you are buying or selling real estate in and around Bloomfield, Glen Ridge, Montclair, Maplewood, South Orange or West Orange. We can help you in your real estate transaction like no other can. See more reviews of Bev & Bob Homes, LLC on Zillow, Trulia, Angie's List and more: http://www.zillow.com/profile/Bev-Meaux/ http://www.trulia.com/profile/BeverlyMeaux/ http://bevandbobhomes.com/who-we-are/rave-reviews/ Subscribe to our YouTube channel and Follow us: https://twitter.com/BevMeaux https://plus.google.com/+BeverlyMeaux/posts Find Your New Home @ http://www.bmbhomes.com/ Beverly Meaux, co-owner Bev & Bob Homes, LLC at Keller Williams Suburban Realty Direct: 917 737 2537 Office: 973 251 0100


Mortgage terms: Key definitions you should know when financing a home

When you're considering buying a home, there are a number of financial terms that come with the territory. Here's a quick vocabulary lesson of some of the most important terms you'll need to know. When you start speaking to a lender or real estate agent, it's easy to get confused if you don't already speak the language. Watch and learn for a brief overview of some of the financial terms you should know when buying a home: Principal -- The amount you borrow to buy your home. Interest -- The cost of borrowing money that is charged by a lender, stated in a percentage. Why pay interest? A few reasons: • The risk of principal loss by the lender, called credit risk. • Lender forgoing other investments that could have been made with the loaned amount, known as the opportunity cost. Amortization -- The process by which loan principal decreases over the life of a loan. As explained by Ja Yung, a mortgage banker: "Amortization is the relationship between the principal and interest portion of your payment. As the time goes on, you pay less interest and more principal." PITI or Principal Interest Taxes Insurance -- These are the four components that make up PITI: • Principal -- Money used to pay down the balance of your loan. • Interest -- The amount you pay to the lender for borrowing money. • Taxes -- Property taxes you pay to own your home. • Insurance -- Refers to homeowners insurance and private mortgage insurance. Escrow account -- A separate account that is setup to pay your property taxes and homeowners insurance. --------------------------------------------------------------------------------- We hope you've found this video and the many others on the My New Home YouTube channel helpful. Here are some other resources you might be interested in. To learn more about how an amortization schedule works, check out: http://www.youtube.com/watch?v=Mgq6rVJ2exg For more real advice from real people on finding and buying a home: http://www.youtube.com/mynewhome Videos are for informational purposes only and represent the opinions of the speakers. Chase does not warrant the completeness, timeliness or accuracy of the content. --------------------------------------------------------------------------------- VIDEO TRANSCRIPT: JA YUNG: Principal is the monies that's being applied to pay off the loan. JA YUNG: Interest is the portion of the payment that's being given to the mortgage company essentially. Because of the fact that they're lending you the money, that's the portion you're paying back to them for that ability. JA YUNG: Amortization is the relationship between the principal and interest portion of your payment. As the time goes on, you pay less interest and more principal. JA YUNG: Amortization is important to keep in mind because of the fact that you have to remember that you do pay a larger portion of the interest in the beginning of the loan. JA YUNG: The principal interest tax and insurance, so industry acronym would be PITI, P-I-T-I, but the principal interest tax and insurance is essentially your total housing payment broken down by your principal and interest payment, which is one piece, and then the property tax and any homeowner's insurance payments that you would have and collectively, that's what makes your total housing payment. JONATHAN: An escrow account is a separate account that the bank sets up to pay your property taxes and your homeowner's insurance. It's budgeted every month, so instead of having to make one lump sum payment, to the county tax bill or their homeowners insurance, we're just going to collect it on a monthly basis, and then the lender will go ahead and disburse the funds when the bill is due.