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Real Estate Resources:
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Special Offers -
Special offers for Las Vegas, Summerlin, Green Valley and Henderson homeowners
from Kerry and Jan Coffman.
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Affiliates -
Kerry and Jan Coffman's real estate web site affiliates.
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Monthly
Payments & Schedule - Monthly loan payments java mortgage
calculator.
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How
Much Can You Afford? - Calculate how much home you can afford with this
financial calculator.
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Determine Tax Savings -
Calculate how much your monthly Las Vegas, Summerlin, Green Valley and
Henderson Nevada mortgage payments save you on your taxes because of loan
interest.
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Should You Rent or Buy? -
Is it better to rent a home in Nevada or buy your own Las Vegas, Summerlin,
Green Valley and Henderson house, ranch, luxury property, condominium, acreage,
or other real estate?
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Adjustable Rate
Mortgages - Adjustable rate Las Vegas, Summerlin, Green Valley and
Henderson mortgages information and interest rate java
calculator.
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What Is
Your APR? - Determine the Annual Percentage Rate (APR) for your
mortgage.
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Fixed or Adjustable Rate
Mortgage? - Use this calculator to compare a fixed rate mortgage to two
types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.
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Are
Balloon Mortgages For You? - Balloon mortgage calculator. A balloon
mortgage can be an excellent option for many home buyers.
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15 vs.
30 Yr Mortgages - With a 15 year mortgage you will pay significantly
less interest, but only if you can afford the higher monthly payment. Use this
calculator to compare these two mortgage terms.
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How Much Should Your Income
Be? - What income is required to qualify for a mortgage? Use this
calculator to find out.
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What's
Your Maximum Mortgage? - This calculator will help you determine your
maximum monthly housing payment and the resulting mortgage
amount.
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Will
Buying Points Save You Money? - This calculator helps you determine if
you should pay for points, or use the money to increase your down
payment.
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TripleCalc - FREE Software Download:
TripleCalc lets you compare three loans at one time for your property or other
Nevada real estate.
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Top National
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sources of realty information, listings, and more.
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Ask
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NUMBER1EXPERTS - List of all the
NUMBER1EXPERT real estate agents and realty professionals and brokers in
the USA and Canada with links to their personal web sites with homes for
sale.
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Real Estate
Tips - Kerry and Jan Coffman's realty library of real estate tips and
advice on everything from preparing your home for sale to negotiating with home
buyers to escrow, closing costs, property inspections, and mortgage
brokers.
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Real Estate Trivia
- Kerry and Jan Coffman's collection of real estate trivia questions and
answers that include real estate topics such as the most expensive home,
largest swimming pool, and more.
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Real Estate Dictionary
- Complete real estate dictionary and glossary of realty words you'll use when
you list and sell your Las Vegas, Summerlin, Green Valley and Henderson
property in Nevada, including legal terms definitions, and
more.
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Go to Main Sitemap
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About Appraisals >Refinancing Your Home
Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.
You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on how long you have had your present loan, a current appraisal may be required. There are closing costs, such as attorney, title fees, recording and notary fees, and appraisal charges. The biggest factor in your decision should be the length of time you plan to remain in your home. If you will be there for only a year or two more, it might not pay to re-finance. If you will be in your home longer, re-financing could provide you with lower mortgage payments. Your real estate agent can help you work out the numbers and can refer you to reputable home appraisers and mortgage lenders.
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| Q |
What is a Balloon Mortgage?
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| A |
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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See More Real Estate Trivia > |
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