Terra Point Realty Your Local Real Estate Guru

What You Should Know About Buydown Mortgages!

What You Should Know About Buydown Mortgages!
05/26/2022

What You Should Know About Buydown Mortgages! When you’re ready to buy your first home, you might think about getting a mortgage with a “buy-down” clause. The idea of the buy-down mortgage is that it reduces the upfront cost of buying a home by offering the opportunity to pay less

Calculating the Appreciation on a Home

Calculating the Appreciation on a Home: What You Need to Know
05/24/2022

Calculating the Appreciation on a Home: What You Need to Know ‍ If you’ve recently purchased a home, you may feel like it costs more than it’s worth. After all, mortgage payments, property taxes and other home ownership expenses can really add up. However, over time your home will likely

What is a Trust Sale?

What is a Trust Sale
05/23/2022

What is a Trust Sale? A trust sale, also referred to as a trustee sale or an executor sale. Is a real estate transaction in which the proceeds of the sale of real property; are held by a trustee until the final beneficiaries of the trust have been determined. This

What Is A Short Sale And How To Manage It

What Is A Short Sale And How To Manage It
05/20/2022

What Is A Short Sale And How To Manage It The housing market is on fire right now, and that means short sales are becoming more and more common. Perhaps you’ve been thinking about listing your house and renting it out instead of keeping it as an investment. Or maybe

What is the Principal in a Mortgage Loan?

What is the Principal in a Mortgage Loan? Find Out Now!
05/18/2022

What is the Principal in a Mortgage Loan? Find Out Now! ‍If you’ve ever taken out a mortgage, then you’ve probably encountered the term Principal. What is it? And more importantly, how can you keep your loan from turning into a Principal drain? Let’s find out! What is the Principal

What is Closing Cost When Purchasing a Home?

What is Closing Cost When Purchasing a Home?
05/17/2022

What is Closing Cost When Purchasing a Home? In this paragraph, I’m going to explain closing cost and the total costs incurred at the closing of a real estate transaction. Firstly, closing cost may include real estate agent’s fee, mortgage broker fee, mortgage interest rate and points, real estate attorney’s

What Is Equity on Your Home?

What Is Equity on Your Home?
05/17/2022

What Is Equity on Your Home? When you buy a home, it’s your biggest investment. Pay attention to how much equity you have in your home. Equity is the value of your home minus your mortgage or other debts that you owe on the property. The amount of equity you

2 BEDROOM 2 BATH FOR RENT IN HOUSTON, TX

What is a real estate agent - What Does a Real Estate Agent Do?
05/13/2022

Looking for a 2 Bedroom House to Rent in Houston? Try Central Park! 2 Bed 2 Bath House for rent in Central Park.  This 2-bedroom, 2-bathroom, 1,573 square foot home that is perfect for those who are looking to rent an single family house in Houston. The property has central

What is the Difference Between an Appraisal and a Valuation?

What Does an Appraisal Mean? What is the Difference Between an Appraisal and a Valuation?
05/11/2022

What is the Difference Between an Appraisal and a Valuation? When you’re looking to purchase real estate, the last thing you want to worry about is the process of determining the value of your property. This is especially true if you’ve never been involved in real estate before. When you’re