Homebuying terms you should know

A new month means five new housing vocabulary! Capital Gains What are capital gains? Capital gains are profits made from the sale of real estate, investments and personal property. The Internal Revenue Service (IRS) classifies capital gains according to the length of...

Homebuying Terms You Should Know

  A new month means five new housing vocabulary! Balloon Mortgage: A balloon mortgage is a loan that features consistent payment amounts with a large payoff, known as a balloon payment, due at the end of the loan. The payments for balloon mortgages are typically...