We encourage our kids to plan for their future, but we seldom include buying a first home sooner than average as a path to building that future. Let them know buying a home is easier than they think.
Most of the people who read this column are not first time homebuyers. The fact of the matter is many of you that are first time homebuyers and reading this article are relatively mature individuals who are fighting off Continue Reading
Home refinancing is one way to save you money over interest costs. According to the interest rate on your home financial package, you may find that refinancing your home actually lowers your monthly payment, and the total cost of your home. Interest rates vary through the years, and if you purchased your home during a period of high interest, you may find that refinancing your mortgage can save you a ton of money.
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When you first start using a mortgage calculator such as Karl Jeacle’s Graphing calculator, you might easily get confused, especially if you are new to the world of buying property. The sliding scales on this calculator aren’t what some people are used to seeing.
Most people are used to typing their numbers into boxes with familiar features. But don’t be dazzled only by the graph, boxes are still available further d Continue Reading
Here are some ways to help you determine the guidelines for the size of your new home mortgage loan. If you plan and acquire the right size home loan, you are less likely to run into financial difficulty.
It is unfortunate that many people applying for a new home mortgage see the loan only in terms of whether the payment on the home is less than the amount of disposable income for housing earmarked in the family bu Continue Reading
A life time investment
Taking out a home mortgage loan is a life time investment. You therefore have to show a lot of caution when making a decision. This is because a wrong step might haunt your financial life throughout the rest of your life. Carry out a detailed research and get advice wherever things are not clear to you. You have a duty of care to give yourself the best deal.
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