If you’re like most homeowners, your biggest monthly expense is most likely your mortgage. When you’re putting a big chunk of your income toward one bill like that it’s only natural to want to see it disappear as quickly as possible. But is it a good idea to pay your mortgage off early, or are…
Category Archives: Mortgages
Do You Need to Own a Home to Live the American Dream?
One of the milestones in many Americans’ lives is to buy a home. For decades, the American Dream has revolved around owning a house. Having a mortgage has long been considered a sign that you are on the “right track” financially. However, after the housing market bust a few years ago, and with technology increasing…
Mortgage Rate are Low… but You’ll Have a Tough Time Qualifying
Mortgage rate predictions remain grim. Nobody expected to see a 4% mortgage rate in their lifetime let alone see it fall as fast as it has. Rates are at a six decade low making home ownership within the reach of many more people. That’s the positive spin on this story. The negative spin is much…
Is A Reverse Mortgage Right For You?
Pretty much everyone knows how a traditional mortgage works. The bank loans you money so you can buy a house and then you slowly pay them back (plus a lot of interest) over the course of around 30 years. But relatively few people have heard of reverse mortgages, and even fewer actually understand how they…
Increase Your Home Value With Home Renovations
In case you haven’t been keeping up with the news, it’s a buyer’s market. Home builders continue to build new houses, and there’s more inventory than buyers. How can your older home compete? There are several home renovation options that are a good investment, as they’re not expensive, but increase the value of your home….
