With interest rates and prices at their lowest in years it is very tempting to purchase a home. Here are some key questions to ask yourself which will serve as a reality check before making a commitment to purchase: 1. How much can you afford to put down? This will obviously affect your monthly payment. … More What to Do This Year: Rent or Buy a Home?
According to Bloomberg News, it is becoming clearer that the better way for lenders to deal with defaulting borrowers who are underwater on their mortgages is to offer them a reduction in the principal on their loan as opposed to lowering their interest rate. Doing so restores the feeling of equity for the homeowner. The … More Foregive Debt and Save The Housing Market.
Today we celebrate our fathers, grandfathers and other father figures that have provided us with so much guidance, love and protection. They have made such an important impact in our lives and Father’s Day is an excellent opportunity to thank these men for all they’ve done for us. For those of you who are fathers … More The Importance of Fathers.
It’s a tough call. Naturally you want to do everything in your power to avoid giving up any hard won equity in your home, so adjusting the price is always a last resort. The question is – What’s the best timing? How long do you wait from the time your home hits the market until … More When should you reduce the price?