What is a Short Sale?

Simply put, a short sale is used to describe the sale of a home in which the homeowner owes the bank more than the home is worth. The bank agrees to allow the home to be sold for less than what is owed (AKA "Short Sale").

What is a Realistic Number of Homes you Should View Prior to Buying?

It’s a tough question to answer. there is no hard and fast answer. Beware the agent that limits how many homes they will show, and it does happen.

On the other hand, no one wants to wander aimlessly, looking at dozens and dozens of homes with no progress or end in sight.

The short answer to the question is, "as many as it takes". But there are some strategies and things to keep in mind in any home search, and you may have to talk to realtor, if he have not talked with you on this yet.

Should I Pay Points for a Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money later. A point - equaling 1% of the total loan amount - is an upfront fee that reduces your monthly interest rate and total interest due over the life of a loan. Need use Mortgage Points Calculator to figure out the cost and effective saving of loan points as well as the minimum amount of time it will take to recover your loan points.