Home Loan Rates Lowest Since 2013
Mortgage rates declined for the third straight week, with lenders on average offering 3.63 percent on a 30-year fixed loan, Freddie Mac reported Thursday.
Changes to Mortgage Programs Benefit Buyers
A pair of announcements may bode well for first-time home buyers and the local housing market in 2015.
Understanding Adjustable-Rate Reverse Mortgages
A reader caught me off guard the other day by saying that she had counted 28 articles on adjustable-rate mortgages on my website, but all of them pertained to standard mortgages. Not one applied to reverse mortgages, and she wondered whether that was because the issues were exactly the same? I winced at that, because the issues are not the same -- not even close.
Marriage Less of Factor Today In Getting Mortgage
In more than two decades as a real estate agent, Marc Tahler has seen his client base of would-be buyers shift.
How to Pay Off Mortgage Faster
Paying off a mortgage in 10 years sounds crazy, right?
Behavior Modifications That Enable Homeownership
Some readers of last week's column recognized themselves in my description of a "NOHO:" someone not cut out to be a homeowner. NOHOs live paycheck to paycheck, price substantial purchases in terms of the monthly financing charge and typically have no reserve for meeting unexpected contingencies.
When it Makes Sense to Own a Home
Some people are not cut out to be homeowners. I call them NOHOs. What distinguishes them is not their income, their mobility, or where they live -- rather, it is how they live.
Factors to Weigh in Considering 2nd Home Purchase
Daydreaming of owning a second, seasonal home? A mountainside vacation house with a fireplace or two, ski-in access and powdery slopes nearby or perhaps lake front property with front porch and a sweeping view of the sunlight on the water?
Signs Point to Higher Mortgage Rates in 2015
Are you carrying a big credit card balance?
The Benefits of Paying Off a Mortgage Early
Conventional wisdom says that making extra payments toward your mortgage saves interest.