APR vs. Fixed Interest Rate - What is the difference?

It is known that getting a mortgage loan for a home in Albuquerque NM or anywhere can be confusing and sometimes frustrating. Ahh who am I kidding, it is always frustrating and one of the most common question we have is what is an Annual Percentage Rate (APR). Below is one of the definitions offered.

The interest rate is the cost of borrowing the principal loan amount. It can be variable or fixed, but it's always expressed as a percentage.

The APR is a broader measure of the cost of your mortgage because it reflects the interest rate, as well as other costs such as broker fees, discount points and some closing costs. The APR is also expressed as a percentage.

Let us break this down. Most buyers look for the best interest rate, actually the…

1197 Views, 0 Comments

5 HOT Foreclosure Deals of The Week!

Check out some of the best Albuquerque Foreclosure Deals. If you are looking for the best deal on an Albuquerque foreclosure home these are the best 5 deals to hit the real estate market. These deals are located on the Northwest and Northeast area of Albuquerque.

1343 Views, 0 Comments

NEXT Home. Down Payment Assistance - Available for Anyone!

Key Takeaways

• Borrower does not have to be a first-time homebuyer.
• 3% grant from program does not have to be repaid.
• Minimum $500 required from homebuyer's fund.
• Need to sell? Little equity? This will help fill that gap.

Tell me more about NEXT Home

Now you can buy your NEXT Home with the same benefits as a first-time home buyer!

NEXT Home is available in New Mexico through the Mortgage Finance Authority (MFA) for NON first time home buyers. It is a combination down payment assistance grant, that does not have to be repaid and a first mortgage loan. We work and sell homes in the Albuquerque and Rio Rancho area.

The NEXT Home grant is 3% of the first mortgage loan amount. The grant may be used for closing costs, pre-paids…

2106 Views, 0 Comments

AMAZING 3D Walk Through - 6824 Buteos Drive NW, Albuquerque, NM 87120

Superbly maintained Montecito Estates stunner that's better than new! You'll love the upgraded maple cabinetry, granite countertops and stainless steel appliances including dbl.ovens & gas cooktop in the spacious country kitchen! Expanded colored concrete patio area off covered patio enhances possibilities for enjoying outdoor living & there are unblockable Sandia views from the MBR & upstairs media-family room & 18'deck. 2+1 split garage perfect f/home hobbyist-shop, toy storage, & you'll love the xtras like raised bath vanities, tankless water heater, security pre-wiring, & sealed garage floor, and walk-in closets in every BR! The MBR is over 300SF, and features huge ''his & hers'' walk-in closets, separate garden tub/shower. Laminate flooring, iron…

1367 Views, 0 Comments

Express Homes Taos at The Trails

Located on the Northwest area of Albuquerque atop the Petroglyph this community has a lot to offer with nearby shopping, parks and walking trials. Also conveniently near public schools K-12 which include Tierra Antigua, Tony Hillerman and Volcano Vista.

2822 Views, 0 Comments

Own this home for as little as $500 down...3308 Alvarado Dr NE

This home is ONLY $122,500 and will sell FAST! Ask us about down payment assistant programs to help you own this home. 3 Bedrooms 2 Baths, New windows, roof, paint, and tile. This is move-in ready!

MLS® #876839 $122,500 3 Bedrooms, 2.00 Bathrooms Albuquerque, Nm Get In For As Little As $500 Down! Great Price For This Home And Location Is Perfect. New Tpo Roof, Windows, Tile, Paint And ... Read More » Listing courtesy of Keller Williams Realty

Contact us at (505) 923-4691 for more information

1168 Views, 1 Comments

3D North Valley Home For Sale $269,900

MLS® #874691 $269,900 3 Bedrooms, 2.00 Bathrooms Albuquerque, Nm **must See! This Brand New North Valley Home Off Rio Grande Is Ready For You! Home Has An Open Floor Plan With Beautiful Wood... Read More » Listing courtesy of Keller Williams Realty

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on September 21st, 2016 at 5:13pm MDT.

1117 Views, 0 Comments

Northeast Albuquerque Guest House For Sale

Here you will find homes with a guest house for sale in Northeast Albuquerque New Mexico. This is update every 15 minutes with the latest homes with a guest home.

2588 Views, 0 Comments

2016 Balloon Fiesta Albuquerque New Mexico

Weather is slowly changing and as summer fades we get into that great time of the year where 100's of hot air balloons will fill the Albuquerque sky. The 2016 Balloon Fiesta is Albuquerque's largest event and even excites the long time residents in the area. Get ready and plan your visit using the full schedule below.

Printable Copy Click Here

1343 Views, 0 Comments

Homes and Loans For Veterans/Military

One of the best home loans available is a VA backed home loan. This loan is typically 100% financing meaning they fully fund your purchase price of your new home and you have nothing to pay but closing costs. In addition we can work to eliminate those closing costs through real estate negotiations.

How do I know if I have VA Eligibility and can get a loan?

When purchasing a home the first step is to talk to a lender. We work with a local **lender here in Albuquerque and Rio Rancho New Mexico named Jessica Haselby with Pinnacal Capital Mortgage. She has proven herself to be an expert in helping Veterans purchase a home using their VA Eligibility.

Jessica has helped many secure their certificate of eligibility and can help you as well. So if…

578161 Views, 0 Comments