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Welcome > Resources > Trivia ...
I've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun...
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What is the busiest airport in the world?
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According to the Airports Council International, the Hartsfield International Airport in Atlanta, Georgia is currently the busiest airport in the world, serving 76.87 million passengers per year.
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What does the term Curb Appeal mean?
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This term describes how homes look from the street; this first impression is very important to prospective homebuyers.
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What is the most populous state in the United States?
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California, with 35.9 million people.
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What does the term ARM stand for?
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An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market.
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What is the most common name for a city in the United States?
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Fairview is the most common city name, according to the 1996 Top Ten of Everything Book.
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See More Real
Estate Trivia >
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Financing Your Home >Qualifying Guidelines
It may be difficult to qualify for a home mortgage loan. As a buyer, you may find the perfect home, but finding the perfect financing might become elusive. After you complete the application process, your lender may turn you down, which is an upsetting development for any prospective homebuyer. What can be done to remedy such a setback?
The answer depends on why you were turned down. If your income is too low to satisfy one mortgage company, there might be another company with more liberal qualifying guidelines. If you have had credit problems, some lenders may be more willing than others to help you clear them up in a manner that satisfies their underwriters. If your loan runs into problems, sit down with the loan officer and your real estate agent to investigate the possibility of using a different lender. The first company may be able to "assign" the package to a competitor, enabling you to use your same credit report and appraisal. You will need the cooperation of your sellers, too.
While loan rejections are disappointing, they can be resolved.
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Peg Maloney RE/MAX Real Estate Group 9805 Giles Rd Omaha Ne 68128 402-598-3965 800-248-6647 402-594-2000 Fax: 402-593-0454 peg@maloney.com
Licensed to sell real estate since 1982, Peg has been selling the entire Omaha metro area, including Papillion, Millard, Bellevue, Ralston, and Offutt Air Force Base. With a proven track record, and references from many satisfied buyers and sellers, Peg gives extraordinary service to families coming to or leaving Omaha. She has become a Certified Distressed Property Expert, a Certified Relocation Specialist, an Accredited Buyer Representative, a Certified Luxury Homes Marketing Specialist, a 203K Rehab Loan Specialist, a member of the Real Estate Cyberspace Society and a Seniors Real Estate Specialist. You'll enjoy the process of buying or selling because Peg makes it so easy and fun! 
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NUMBER1EXPERT®
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All rights reserved. All information deemed reliable but not guaranteed.
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