Do you ever wonder how your monthly mortgage payment is calculated? …I am buying a house and received a huge package of disclosures from my lender. There’s an amortization schedule table in there with a ton of numbers. My lender said it’s just standard procedure to send them and for me not to worry. Do […]
…I’m in the position to pay the house we want in full using the cash reserves my wife and I saved up. Do you think I should get a mortgage anyway and put money to work by investing or do you think it’s better to skip the whole mortgage process? Do you think you can […]
After a successful trial run that boosted home sales and brought buyers back to the table, the government has extended the $8,000 first-time home buyers tax credit through June 2010. Now it’s not just first-timers who are benefiting — the president also signed off on a new $6,500 tax credit for existing homeowners who […]
Despite the tepid national economy, home ownership remains one of the cornerstones of the American dream. For most people who are responsible with their mortgage application, it’s still a great investment for the long term. But it’s not as easy as it sounds. For scores of prospective homeowners, the prospect of finding, then financing a […]
Supply and demand is an economic principle that we know all too well. When demand goes up, prices tend to follow. When supply is high, expect discounts. Thanks to supply and demand, we might be moving to a bigger apartment. Let me explain…
Off and on, I’ve been thinking about buying a rental property but for some strange reason, the idea of Real Estate Investment Trusts (REIT) never crossed my radar. Over the weekend, a conversation with a former coworker sparked my interest in this sector again, and this time, I decided to compare a rental property with […]
