It’s Monday Morning!!!!

Ask the Experts:

Home Mortgage Specialist: Cindy Behm from Flagstar:

Question: Dear Cindy, I went for a mortgage to buy a house and the lender said I have to pay a point. What's that?

Answer: This is a great question. 1 point is 1% of the loan amount - On a $100,000 loan, the point would equal $1,000. 2 points would be 2% of the loan amount - therefore on a $100,000 loan 2 points would equal $2,000. The point(s) are a type of fee paid to the lender. There are two different kinds of points that can be charged to the borrower - Origination Point(s) and Discount Point(s). The first type of point is an Origination Point - Origination Points are charged to recover some costs of the loan origination process. The second type of point is a Discount Point - Discount Points are used to "buy" your interest rate lower. This is know as a rate "buydown". These points typically lower the interest rate for the term of the loan unless otherwise disclosed.

Home Staging Expert: Nan from First Impressions Staging and Design:

Question: Hi Nan! I’m thinking about putting my house up for sale. What can I do to get started before that?

Answer: Define the space. Start packing up anything you aren’t using on a day to day basis. Do this job early, so it doesn’t overwhelm you, and then get the whole family involved. Avoid storing excess gear in the garage if you can. A better option is a storage facility. Some storage companies even bring the storage to you so you can load it, they’ll store it, then deliver it to your new place when needed.

Quote of the Week:

The most practical, beautiful, workable philosophy in the world won’t work - if you won’t…..Zig Zigler

Water Tower and Town of the Week:

Oshkosh on the Water. Oshkosh is a city in Winnebago County, Wisconsin, United States, located where the Fox River enters Lake Winnebago. The population was 62,916 at the 2000 census; it had a metropolitan area of 159,972 people. The city is located adjacent to and partially within the Town of Oshkosh.

Photo of the Week:

Where are these people fishing? (Answer next week!)

Are they REALLY attaching their poles to the rail right under the sign that says not to??

Have a wonderful week everyone and don't miss the Eagle Cam in the sidebar!

Laurel Stone

Laurel Stone School of Real Estate