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Real Estate

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Many people are excited about buying a home right now. This, of course, makes sense. Prices are low, and so are mortgage rates. This means that you can get a good deal on a home, and pay less in interes. However, before you pull the trigger, you need to consider whether buying a home is right for you right now. There are a number of things to consider as you decide whether or not to…

[ad#Content 300×250]One of the ways that you can reduce the interest rate on your home mortgage loan is to pay points. A point is equal to 1% of the cost of your loan principal. If you get a mortgage for $180,000, each point is $1,800. You can usually get a reduction in your interest rate by up to 1/4 of a percent. (Some lenders will not offer such a discount, though.) So if you pay…

If you are in the market for a home mortgage, you might be in luck. Mortgage rates appear to be going down – again. Indeed, Freddie Mac reports that the average 30-year fixed rate mortgage is going for 3.25%. [ad#Content 300×250] But will mortgage rates fall even further? This is a question that many are asking. Not too long ago, it seemed as though mortgage rates hovering around 5% would be the bottom, and that…

Right now, interest rates are at record lows. This means that if you are going to borrow money, now is a good time to do it. (It is also a good time to pay down debt, since more of your payment will go to principal.) If you have been looking for a good time to make home improvements, this might be it, depending on your individual situation. Home equity loan rate and HELOC rates are…

Everyone is down on real estates. Construction companies, analysts, and home sellers are all pessimistic about the outlook for the housing sector. They have good reason to be negative based on all of the information that keeps coming in. Many homeowners are still upside down, prices are dropping, and foreclosures are so. How can you invest based on these trends? It’s time to be a contrarian and start buying real estate. That’s right! This is…

There’s an interesting new phenomena brewing where people enticed by low rates and home prices well off their recent highs are “doubling down” on housing, essentially betting the house if you will, on more house.  This new group of people was profiled in the WSJ.com recently where some intriguing examples were culled out. “Some intrepid homeowners are intentionally taking a loss on their current house—and writing a big check to retire their old mortgage—in order…

We’ve been mulling over a move and it’s been a balance of fiscal restraint vs. getting the actual home we want in a more expensive school district that makes a move even worthwhile.  There’s no sense in moving into a smaller home or having a yard we don’t enjoy, so to get the home we want in the area we’re targeting, we’d definitely be looking at a higher mortgage/tax payment than what we have now. …

It’s both amusing and frustrating to continue to see history repeat itself in that purported “experts” (who are often really acting out of pure self-interest) dole out advice which is both devoid of sound logic and rationale, but even worse, does not come to fruition. Because I refinanced last year and I’m constantly mulling over a future move, I’ve stayed in tune with what the “experts” have been predicting and what the actual mortgage rate…

You’ve probably heard that we’re in a buyer’s market. Home prices are low, and mortgage rates are low. And, since the home buyer tax credit has expired, there is speculation that home prices could remain low (or head even lower) during the rest of the year. So, even those who think they missed the boat, might find that they didn’t. For many people, this is a great time to buy. It is possible to get…