Molds are part of the natural environment...and is certainly a problem in houses in the Nashville, Tennessee area. Outdoors, molds play a part in nature by breaking down dead organic matter such as fallen leaves and dead trees. But indoors, mold growth should be avoided. Molds reproduce by means of tiny spores. These spores are invisible to the naked eye and float through the air.

Why is it important to find the right Realtor? Because this person is going to be representing you in one of the most important transactions in your lifetime. Unless you have a huge portfolio, a home purchase will involve more money than you normally deal with. Treat this transaction with the consideration it deserves and don't leave anything to chance!

It's critical that you take the time to interview several different agents before making a choice.

A Bi-Weekly Mortgage can save big money!

Do you know that after paying 15 years on a 30-year mortgage, you can still owe 90% of the amount that was borrowed?

This simple method of making your payment will dramatically pay down the mortgage...saving several years worth of payments. Paying bi-weekly doesn't mean paying your mortgage twice a month - it means dividing the payment in half and paying that amount every two weeks.

This ideal wealth builder concept is very simple, and can be summed up in one sentence! Buy one investment property per year for the next 10 years. Or be even more aggressive and buy 2 properties a year. Double your tax-free income! However, for this overview, we will use one property. Here's how it works:

Find yourself an Exclusive Buyer's Agent who knows what you're trying to accomplish.

We've all heard the term "Buyer's Agent" or "Exclusive Buyer's Agent"...but what do these terms mean? What do they do? How are they paid? Aren't they just another Realtor?

Not long ago, the real estate industry operated completely different than it does today! The rule, for many years, was that the seller paid the commission...so therefore, all agents involved in the transaction worked for that seller.

Oh, no! You've found the home of your dreams...but so has someone else! What happens now? At this point, negotiation flies out the window, but there are things you can do to increase your chances of winning the bid.

When this happens, the listing agent (in the State of Tennessee) must inform all parties involved about the multiple-offer situation.

When closing on a property...be sure to take a good look at your HUD-1 or closing statement. Which fees are legitimate costs and which ones are junk fees?

Some legitimate fees would be listed as:

* Origination Fee -Some people consider this a "junk fee"...however, most lenders charge it...but it should never exceed 1% of the loan amount

* Appraisal Fee

* Credit Report

* Prepaid Interest

* Prepaid Insurance

* Closing Fee

* Document Preparation

* Title Insurance or Simultaneous Issue

* Courier or Wire Transfer Fee

* Tax Stamps

* Recording Fees

What are "junk fees"? They are simply itemized fees created to increase profits for the lending institution.

In common language, it's the opposite of a traditional mortgage. Instead of you paying a mortgage payment to a mortgage company...the mortgage company makes the payment to you every month! The loan amount is based on the current equity in the home, which is the difference in the market value and any mortgage attached to the property. The loan is paid off when the home is sold.

I always advise any home purchaser to get a professional home inspection. But, home inspections can be expensive! So why not get in the habit of looking for those tell-tale red flags for yourself anytime you are looking at property for sale.

Many times, you can tell if a home has been well taken care of as soon as you pull up in the driveway.

With the average cost of college level education rising approximately 6% every year, what is the best way to have the money for college exepnses when you need it? We can easily help you with different ways to invest for college education.

In fact, only 40% of students graduate in four (4) years. That means that 60% of students are taking five (5) years to complete their education.

The thought never entered your mind! You bought your home with the best of intentions. Perhaps the lender assured you that you could "just refinance" when those heart-stopping payment increases began.

Perhaps no one even explained to you what could happen? But here you are! With house payments that you can't possibly pay...in an area with a depressed real estate market.