Remove Days on market Remove Debt-to-income ratio Remove Fixed-rate mortgage Remove Principal
article thumbnail

51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

Your mortgage payment is more than just the cost of the principal and interest on your loan. It includes your property taxes and mortgage insurance, too. In some markets, property taxes can be thousands of dollars per year, adding hundreds of dollars to your monthly payments. Adjustable-rate interest. government.

article thumbnail

Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

To find local market information in each New Jersey county, check out the Fast Stats page on the New Jersey Realtors website. You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more. That being said, qualifying may include: Low- to middle-income requirements.

Land 89
article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? Annual percentage rate (APR). Clients may be confused about the difference between an interest rate on their mortgage loan and an APR. Days on market (DOM). Debt-to-income ratio (DTI).