A lot of real estate agents are looking at the housing market and convincing a lot of people to purchase homes that they cannot afford thanks to the lower interest rates. It is important that you focus on understanding your financial situation first to know if you can actually afford a home. Even with all the interest rates that are low, you have to be careful when making an investment in real estate.Emotional buyers can easily end up in a home that they cannot afford or they end up letting some … [Read more...]
Women and the World’s Money
Women, whether we like it or not, control our lives. If you have a woman or multiple women in your life, whether it be a spouse, girlfriend, daughter or even just a close friend; she controls pretty much all aspects of your life, whether you realize it or not. Fact By 2014, women will control 65 percent of global spending and more than 80 percent of U.S. spending. Now you know where all your money will go! Women Control the World’s Money According to She-Economy.com, women account for 85% of … [Read more...]
Not All Credit Scores Are Created Equally
Has this ever happened to you? You and your spouse are eager to buy a car or a home, you jump online to one of the plethora of credit monitoring websites: www.myfico.com www.creditadapter.com www.creditdiagnosis.com www.freescore.com www.privacymatters.com www.truecredit.com www.transunion.com www.equifax.com www.familysecure.com www.freecreditreport.com www.freecreditscore.com www.experian.com www.identitysecure.com www.privacyguard.com www.creditkarma.com You get your credit … [Read more...]
How Do You Choose A Good Mortgage Lender?
Are you looking for a good mortgage lender to work with? Finding the right mortgage lender is one of the most important things as they will approve you for the loan but they also aid in helping you get a low interest rate on the mortgage and prevent you from paying fees and other things. How can you choose a good mortgage lender? Here are some tips that can help you out. First, you need to get started by comparing rates. Compare mortgage rates online to see which banks are offering the lowest … [Read more...]
Is now the best time to buy a house?
When I bought a house for the first time 15 years ago, the best mortgage rate I could get on my $130,000 fixer-upper (with a $10,000 down payment) was 6.8% fixed. That didn’t sound so bad at the time – mostly because that was the lowest rate available. I soon realized that if I used the full 30 years to pay it off, with compounding interest, I would have ended up paying over $302,500! That is well over double the amount of the original price of my house. Fortunately I was able to refinance over … [Read more...]
