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…
Category Archives: Mortgages
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….
So You Really Want a 30 Year Mortgage? Think Extra Payments
So you are looking at buying a house and taking on a mortgage? Well, then we are in the same boat. I love looking at all the wondrous mortgage calculators that are available on the internet. Saves me quite a bit of time of trying to create my own amortization schedule, not that it is…
Should You Sell Your House in This Market?
During the process of hunting for our first house, I got to thinking about the difficult position many Americans are in with the declining value of their homes. In ways, it seems to be a great time to purchase a home if you have the ability to qualify for a loan. Then it hits me,…
