What does building assets have anything to do with homeownership vs. renting? It turns out, quite a lot. Here are a few things to keep in mind. Homeownership vs Renting: A Home is Your Biggest Asset For most homeowners, their home is their biggest asset. That’s because it is something they have been investing money […]
Should you refinance your mortgage? Keep in mind that everyone’s situation is different, so there’s no single answer that always works. That said, here are a few of the most common reasons why people refinance their mortgage. Refinance Your Mortgage for a Lower Interest Rate Interest rates on mortgages can change fairly quickly. We’ve seen […]
Can you qualify for a home mortgage? Here are the main things that lenders evaluate when deciding whether or not to offer a mortgage to a potential borrower. Want to Qualify for a Mortgage? You Need Steady Income The first and arguably most important factor in determining if you can qualify for a mortgage is […]
Looking for ways to improve your credit score? Since it’s one of the most important factors in qualifying for a mortgage, this is a question we hear a lot. Here are the main steps we recommend clients take to boost their credit score to help them get a better loan. Step 1 to Improve Credit […]
Should you pay off your mortgage early? Well everyone’s situation is different. But here are a few things to consider as you think about this option. The Opportunity Cost if You Pay Off Your Mortgage Early The first thing to think about is the opportunity cost of paying off your mortgage early. The opportunity cost […]
The interest rate for mortgage rates are mysterious to a lot of people who plan on buying a home. What is a mortgage interest rate and why is the rate always increasing and decreasing? Also, how will go about getting the best rate to assist you in saving the highest amount of money for your […]
One important thing you will need to think about when getting a mortgage, is the loan term. You will need to choose between a fifteen-year or thirty-year mortgage. While a thirty-year mortgage is inexpensive as far as monthly payments, a fifteen-year mortgage will most likely be less expensive in the long-run. While you are thinking […]
The most common mistake we see when people are trying to decide whether to continue renting or to purchase a home is that they compare their current rent payment vs. their future housing payment. The problem with this is it’s like comparing “Apples to Oranges.” Before we jump into why that is, please keep in […]
America’s baby boomer population is about seventy four million. They are the largest generation to retire. Until now, baby boomers are changing just about everything in their path, including the housing, real estate, and design industries. The individuals of the “me” generation know specifically what they want for their forever homes when it comes to […]