Most HELOC carry a variable interest rate. In a very low interest rate environment, you may see your required minimum monthly payment going down if it is adjusted every six months or once a year. Keep an eye on the interest rate and when it is starting to go up it may be time to …
During a historic low interest rate environment, everyone is talking about home refinance. If you are contemplating a refinance or completed one, here are few things you need to know. If you are a homeowner, you know that you can deduct interest you pay on your mortgage as well as property taxes you pay. Do …
With so many defaulting on their existing mortgages and an ample supply of foreclosed properties homeowners as well as foreclosure candidates and those who are looking to purchase homes should aware of scammers. Here are some common scams. Flipping: Property flipping refers to someone buying a property at a market price and several days later …
Interest rates for home mortgages are still at historic lows. Even everyone expect the Federal Reserve to start hiking interest rates, current rates are an incentive for those who are looking to buy a home. Here are other advantages of buying a home. Equity: As the value of home increases over time your mortgage debt …
When you are buying or selling real estate including your home, you need a trusted advisor to guide you through the complex process. More than 88 percent of home buyers purchased their home through real estate agents. Your professional that you hire will collect data from you to understand what you need, your budget, preferences …
Mortgage rates are at a historic low. Even with Feds looking at raising rates, it may still be favorable for a while. This make it easier for would be home buyers to get into a home with an affordable mortgage. Some say low interest rates are not without its pitfalls. Low rates make the monthly …
The US economy is showing perfect conditions for more housing construction in 2015. The growing economy, lower mortgage rates, ever increasing household formation and increasing demand for hosing creates fertile ground for new housing constructions. The disappointment that the country experienced at the end of last year when we add up all the units constructed …