It’s the same old debate on renting vs buying, but with today’s mortgage rates, this should no longer be a debate. As of this last week, mortgage rates were as low as 3.74%. This is amazing news for home buyers. The lower your interest rate, the higher your purchasing power and better deal on a…
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Why 43 is the Most Important Number for Home Buyers
By now you have been hearing a lot about how obtaining a mortgage may be more difficult than in past years. Truth is that the process is now getting to be a little easier! You see, in the past lenders would speak with the Buyer to see if what they were saying was lining up…
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Mortgage rates, a day does make a difference!
In less than a month the average mortgage rate jumped up to 4.5% from 3.5%. That doesn’t seem like a lot until you do the math. In May the principal and interest on a $250,000 loan would be $1122.61 and that same loan today would be $1266.71 a month. That’s almost a $150.00 increase which…
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7 smart moves while rates are low
While go-go lending is partly to blame for the economy’s current financial troubles, ironically, borrowing money may help ease the country out of the downturn. At least that’s the thinking behind the Federal Reserve’s recent pledge to keep low interest rates into 2013. While this move has not triggered an uptick in consumer confidence, experts agree money…
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Top things to look for when house shopping!
If you’re thinking about buying a new (or old!) home, our list of the “Top Things to Look for When Buying a Home” can help to get your search off to the right start. While the number of rooms, condition of the kitchen, and size of the yard are important, there are other things to…
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