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Real Estate Trivia
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Enjoy! 

We've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun... 


Q 

What did 75% of 10,000 buyers surveyed by the NAR list as their top reasons for selecting a Real Estate Professional?

A  Knowledge of the housing market, knowledge of real estate practices and financing, and familiarity with neighborhoods.

Q 

What unique type of home is making news as an affordable, environmentally-friendly housing alternative?

A  Straw bale homes may well become the non-toxic, affordable home of choice in the future.

Q 

What does the abbreviation PITI stand for?

A  Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment.

Q 

Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?

A  Lender in these states must pay interest on funds held in escrow accounts.

Q 

What U.S. state is home to the world's richest woman?

A  Alice Walton, daughter of WalMart's founder and heiress to $16.5 billion, lives on a ranch in the state of Texas.

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Real Estate Tips
First Time Buyers >Choosing A Lender

When you are buying a new home or refinancing your present one, it is wise to do some comparison shopping among lenders. A low interest rate isn't the only criterion by which to evaluate a loan. You should also consider the terms of the mortgage, what your closing costs will be and the reputation of the lender.

Real estate agents are a good source of information about loans and lenders, whether you are buying a home or just refinancing your present home. We routinely assist buyers when they need a mortgage in order to purchase a home. We know what loan packages are available and the qualifying requirements. The companies with the lowest rates sometimes have very conservative underwriting guidelines, and may not be willing to make loans on certain types of property or to buyers who are marginally qualified. We can tell you which companies and loan officers will go the extra mile to provide excellent service to make sure that the transaction closes.

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Linda & Ryan Lowe, REALTOR®, real estate agent and broker for State College, Bellefonte and Centre County, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT

Linda & Ryan Lowe
RE/MAX Centre Realty

1375 Martin Street
State College, PA. 16803
800-860-6226 ext. 305/352
814-231-8200 ext. 305/352
Fax: 814-861-4615
Email: lindalowe@aol.com
ryanslowe@yahoo.com

Since Linda started selling real estate in 1988 she & her team have sold over 4000 properties and have given our buyers & sellers NUMBER ONE SERVICE!! This kind of experience cannot be found in books or classrooms. It comes only from meeting the needs and fulfilling the demands of hundreds of clients. Linda Lowe knows the techniques and methods that get results. She is continually looking for ways to increase her knowledge and better serve you. Linda's clients enjoy the benefits of a service-centered philosophy that puts top priority on meticulous attention to every detail. Combined with Linda Lowe's Team, you are assured a fast response to every question and concern and a smooth hassle-free transaction. License# RS167590L

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