Mark Seltzer's (markalkaseltzer) Blog

Real Estate Agent - retired
Once again we are ranked in the Top 5 Markets in the US, Yahoo 2-13-08. Yes, we are lucky that the market here is not experiencing the flucuations seen in other areas, but I am concerned about property taxes!! The taxes are SO HIGH around here often adding 200.00 per month to a mortgage payment o...
To All; Hope you have a happy Valentines day! Tomorrow I will post more FHA loan stuff...
Todays Interest Rates are right around 6% or a tad bit less, depending on the loan type, ( purchase, re-fi or cash-out ) terms, LTV and downpayment. Remember, sometimes rates change multipul times during a single day so you can never quote an exact interest rate amount. The only way you can verif...
A FHA 203 (k) loan is known as a rehabber loan. What is cool about these types of loans is that a buyer can get the necessary funds to rehab or REMODEL a single family home. The home must be owner occupied and be a 1 to 4 family structure. Basically, here is how they work: You buy a house for $15...
People are always asking what the APR of a loan is... I call it the ACTUAL Percentage Rate, it is technically the Annual Percentage Rate. When checking loans for your clients make sure the APR is close to the percentage rate of the note. It there is a large discrepancy between the two then the le...
This one is Sooo politically correct!! Enjoy... While walking down the street one day a US senator is tragically hit by > a truck and dies.> > His soul arrives in heaven and is met by St. Peter at the entrance.> > "Welcome to heaven," says St. Peter. "Before you settle in, it > seems there is a p...
Hello! Well the media keeps telling us about the doom and gloom in the market. Here is St. Peters, the market is great! If a house is priced correctly and had the correct work done to it PRIOR to listing IT SELLS!!! Interest rates are great right now and will fluctuate ( daily) around 6% through ...
It is 12:00 CST and I predict A: Rates go down today and B: the reason rate sheet are not out yet is that rates are going down today (lower apr for our clients). but the banks want us to use the older and higher rate when pricing loans today, then the banks make more money.
> /An elderly woman walked into the Bank of //Canada// one morning> with a purse> full of money. She wanted to open a savings// //account and> insisted on talking to the president of the Bank// //because, she> said, she had a lot of money.> > After many lengthy discussions (after all, the client ...
Hope you like it!Go get a kleenex to whipe away the tears before you read this one...      A Cardinal fan liked to amuse himself by scaring    every Cubs fan he saw strutting down the street in an obnoxious Cubs jersey. He would swerve his van as if to hit them, then swerves back just missing the...

Mark Seltzer

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