Paying cash for a home seems like a huge advantage to qualifying for a mortgage and an appraisal. However, for…
Mortgage
94% of purchasers last year opted for a fixed-rate mortgage at some of the lowest rates in home buying history. …
With interest rates lower than they’ve been in over 40 years, it may be difficult to think of a “window…
Prepaid interest, sometimes called “points”, is generally tax deductible when a person pays them in connection with buying, building or…
The Qualified Mortgage Rule came into effect on January 14, 2014 as one of the results to the Dodd Frank…
A ½% increase in interest rate may not sound like much but it is roughly equivalent to a 5% increase…
As a homeowner, you obviously pay for your mortgage but as an investor, your tenant does. Equity build-up is a…
Lenders, like any business, have to make a profit. The cost of acquiring the funds, the operating costs to service…
You’ve seen lists telling buyers what to do to find the right home but knowing what not to do can…
Equity is the difference in what your home is worth and what you owe. Ideally, as the value goes up…