Meet the Agent

Parker & Associates / Realtors

As a premier real estate agent in this area, I look forward to serving you and will be happy to provide all the information you need on homes for sale in Tulsa, Broken Arrow, Bixby, Jenks, Owasso and surrounding areas. Buying or selling a home is a complex process and I am prepared to do whatever it takes to make your next real estate transaction a stress-free process. Whether you are a first time home-buyer, selling your home or a veteran property investor, get the results you want and deserve and work with a professional Realtor who will Go The Distance For You.

Parker & Associates / Realtors (918) 313-0408 johncantero@yahoo.com
  • What is Mortgage Insurance and Mortgage Insurance Premium (MIP)

    Mortgage Insurance – A contract that insures the lender against loss caused by a borrower’s default on a government mortgage or conventional mortgage. Mortgage insurance can be issued by a private company or by a government agency such as the Federal Housing Administration (FHA). Depending on the type of mortgage insurance, the insurance may cover a percentage of or virtually all of the mortgage loan.

    Mortgage Insurance Premium (MIP) – The amount paid by a borrower for mortgage insurance, either to a government agency such as the Federal Housing Administration (FHA) or to a private mortgage insurance (MI) company.

    These costs can be avoided with a 20% downpayment.

    What is a HUD-1 Settlement Statement

    HUD-1 Settlement Statement – A document that provides an itemized listing of the funds that are payable at closing. Items that appear on the statement include real estate commissions, loan fees, points, and initial escrow amounts. Each item on the statement is represented by a separate number within a standardized numbering system. The totals at the bottom of the HUD-1 statement define the seller’s net proceeds and the buyer’s net payment at closing. The blank form for the statement is published by the Department of Housing and Urban Development (HUD). The HUD-1 statement is also known as the “closing statement” or “settlement sheet.”

    What are closing costs

    Closing costs are various expenses (over and above the price of the property) incurred by buyers and sellers in transferring ownership of a property. Closing costs normally include items such as broker’s commissions, discount points, origination fees, attorney’s fees, taxes, title insurance premiums, escrow agent fees, and charges for obtaining appraisals, inspections and surveys. Closing costs will vary according to the area of the country. Lenders or real estate professionals often provide estimates of closing costs to prospective home buyers even before the HUD-1 settlement statement is delivered.