It’s Monday Morning!!!!

Ask the Experts:

Home Mortgage Specialist Cindy Behm from Silverstone:

Question: 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 known 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: Do you have stats about staged home?

Answer: In 2008 occupied homes in our study that were previously on the market an average of 57 days as un-staged properties, had not sold. Those same homes were taken off the market and staged and re-listed. Those properties on average sold after 6 days on market after they were staged, which is 89% less time on market. Based on information gathered by RESPA.

Quote of the Week:

In essence, if we want to direct our lives, we must take control of our consistent actions. It's not what we do once in a while that shapes our lives, but what we do consistently." Tony Robbins

Water Tower and Town of the Week: Omro

Omro, built along the banks of the beautiful Fox River, offers visitors and residents alike the perfect combination of business and residential amenities. With population 3,300, Omro retains a small-town feel, but presents a big-city attitude.

Located eight miles west of Oshkosh along the Highway 21 Corridor, Omro is the gateway to recreat

ion and relaxation throughout the state. The city's central location and close proximity to Lake Winnebago and larger urban centers, such as Oshkosh, Fond du Lac, and Ap

pleton, allow residents and visitors a w

ealth of shopping and entertainment opportunities.

City of Omro

Town of Omro

Chamber of Commerce

Photo of the Week:

Spring really has SPRUNG!

Have a wonderful week everyone!

Laurel

Laurel Stone School of Real Estate