Russ Pelletier - William Raveis Real Estate

10/20/2025

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01/16/2023

Missouri Republicans have banned women from showing their arms in the state house. Just can’t make this stuff up!

Democrats called the Republican-backed change to the dress code, which now mandates that women lawmakers conceal their arms while in the chamber, draconian and sexist.

01/16/2023

Ridiculous! Still NO evidence yet they persist.

On the 797th day after the defeat of former president Donald Trump, a rural Pennsylvania county on Monday began a recount of ballots from Election Day 2020.

08/10/2019

Seven more days left until the Falmouth Walk!

https://falmouthwalk.org/

12/04/2014

PITI
This stands for principal, interest, taxes and insurance. If you have an "impounded" loan, then your monthly payment to the lender includes all of these and probably includes mortgage insurance as well. If you do not have an impounded account, then the lender still calculates this amount and uses it as part of determining your debt-to-income ratio.
PITI reserves
A cash amount that a borrower must have on hand after making a down payment and paying all closing costs for the purchase of a home. The principal, interest, taxes, and insurance (PITI) reserves must equal the amount that the borrower would have to pay for PITI for a predefined number of months.

12/04/2014

fee simple estate
An unconditional, unlimited estate of inheritance that represents the greatest estate and most extensive interest in land that can be enjoyed. It is of perpetual duration. When the real estate is in a condominium project, the unit owner is the exclusive owner only of the air space within his or her portion of the building (the unit) and is an owner in common with respect to the land and other common portions of the property.

02/08/2013

http://www.redcross.org/prepare/disaster/winter-storm

Regardless of the severity of a winter storm, you should be prepared in order to remain safe during snowstorms and winter storms.

01/29/2013

Real Estate Terms:
Pre-approval

A loosely used term which is generally taken to mean that a borrower has completed a loan application and provided debt, income, and savings documentation which an underwriter has reviewed and approved. A pre-approval is usually done at a certain loan amount and making assumptions about what the interest rate will actually be at the time the loan is actually made, as well as estimates for the amount that will be paid for property taxes, insurance and others. A pre-approval applies only to the borrower. Once a property is chosen, it must also meet the underwriting guidelines of the lender. Contrast with pre-qualification

01/28/2013

http://realtormag.realtor.org/home-and-design/guide-residential-styles

Every house has a style. Sometimes it has two or more; because of renovations and new, eclectic mixes, fitting a home into one specific category can be daunting or even impossible. Thankfully, there&r

01/23/2013

http://www.houselogic.com/home-advice/taxes-incentives/common-tax-mistakes/?nicmp=dfsocial&nichn=hltwitter&niseg=20130122_taxmistake

HouseLogic has found the 10 most common errors home owners make when filing taxes. Read this article to learn what they are and how to avoid them.

12/18/2012

Word of the Day; Conversion Clause:

A provision in some ARMs that enables you to change an ARM to a fixed-rate loan, usually after the first adjustment period. The new fixed rate is generally set at the prevailing interest rate for fixed rate mortgages. This conversion feature may cost extra.