The banks are offering those really low interest rates on mortgages to those buyer's who have really high credit scores and having a lower score will cost you more monthly because of a higher interest rate. When you see advertised rates in the 3.5% range those rates will to the borrower's with excellent credit. “If you don’t have good … [Read more...]
Rules would bring greater transparency to the mortgage market WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) outlined rules it is considering that would simplify mortgage points and fees and bring greater transparency to the mortgage loan origination market. These rules, which the CFPB expects to propose this summer … [Read more...]
This past Sunday in the local newspaper, the Times Picayune, ran an article in the Real Estate Section about how to make an offer and not to make low offers because sellers might get insulted. Dear Mr. Seller please keep the emotion out of it. A buyer who is placing an offer on your home wants to buy it and it is the skill of the agent you hire … [Read more...]
As you search for properties or to find someone to list your house with you will come across terms that may seem a bit confusing. Not sure that it matters much however I thought it would be helpful to explain some of these terms. So here goes. Brokers and Salespersons We are licensed by the States where we sell real estate. Those states … [Read more...]
From the Times Picayune this morning: "Mayor Mitch Landrieu announced a new program Thursday to encourage developers to build homes on spec for families of modest means, who will be eligible for a "soft-second" mortgage subsidy when the home is complete. The program will tap into $52.3 million in federal aid passed down from the state". To … [Read more...]
Condominium ownership is different from other forms of home ownership. Your homeowner’s association has specific responsibilities regarding the management of your condominium. Your association or developer will provide you with documents and information about those responsibilities. In order to obtain FHA insurance on an individual condominium … [Read more...]
You’ve done your online searches, watched the markets, downloaded apps, and looked at a variety of real estate data on your laptop, smartphone, etc. You might even consider yourself a “tech-savvy” individual. But when it comes to Realtors, are you making the right choice for the job? Are you working with a tech-savvy Realtor? Just a few … [Read more...]
In the Uptown area of New Orleans 10 properties sold during the month of March, 2012. 12 properties are under contract and there are 58 active properties for sale. At the same time in 2010 there were also 12 properties under contract and 12 properties sold. In 2004 there were also 12 properties under contract however 20 properties had sold. … [Read more...]
Miriam Bernstein, CRS
Associate Broker and REALTOR®
RE/MAX N.O. Properties
New Orleans, LA 70118
504-908-2268 (C)
504-866-7733 (O)
504-207-5253 (efax)
Each Office is Independently Owned and Operated
Licensed by the Louisiana Real Estate Commission
Licensed in the State of New York
© Copyright 2012 Miriam Bernstein. All rights reserved. RE/MAX N.O.Properties does Business in Accordance with Federal & Local Fair Housing Laws. 
