One thing I like about real estate is that it is ever changing. The properties that are available, the ones that are under contract and new offerings of additional homes for sale change every day or even every hour! It can be a lot to keep up with. Supply and demand have a tremendous impact […]
How Price and Interest Rate Affect Your Mortgage Payment
How to Calculate a Mortgage Payment
Have you wondered what makes up a mortgage payment? How do you calculate a monthly mortgage payment? Keep reading or watch the video below to go through the main parts of a mortgage payment and see a few examples. There are four main parts that make up a mortgage payment. The principal is the amount […]
What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?
Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in June Since the […]
What You Need to Know About the Mortgage Process
Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford. Search All Available Middle […]
Owning Your Home Can Help You Retire Sooner!
In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.” Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, 15 […]
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