The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic […]
Where Are Mortgage Interest Rates Headed In 2019?
Building Equity in Your Home – How Principal and Interest Change Over Time
I’ve been exploring the parts of a mortgage payment and how changes in the rate and price affect your payment. This week the topic is Building Equity in Your Home. Many home owners don’t necessarily stay in their home for decades but it is still a good idea to pay down your mortgage and build […]
How Price and Interest Rate Affect Your Mortgage Payment
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 […]
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 […]
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