Real Estate

When is the Best Time To Refinance Your Home?

What is a Strategic Default?

A strategic default is when a homeowner walks away from their home when they owe more on the home than it is currently worth. In some circumstances, the homeowner can afford to make the mortgage payments, but due to the decreased value of the home under the current market conditions, they feel it is a [...]

Should Your Family Rent or Buy a Home?

If you’ve made enough money to start building a family and you’ve got a good college savings fund going, you’ve probably considered the question: Should you rent an apartment or buy a home?
Each has its advantages and disadvantages, and the answer might come down to personal preference. Let’s take a look and some of the pros and cons of each:
Why Rent?

6 Great Reasons for Paying off the Mortgage on Your Home

Should you pay off the mortgage on the home you are living in? Mortgage interest rates are at historic lows and a fixed rate mortgage seems to be a deal of a lifetime right now, so why would anyone pay it off? Here are six reasons why paying off your mortgage is still worthwhile in the current economic climate.

Historical Mortgage Rates Chart (1986-2010)

While doing some more research into a possible refinance or loan modification, I ran across this chart of historical mortgage rates from 1986 from HSH.

Mortgage Loan Refinance Breakeven Points

Sometimes saving money just involves being lucky. I don’t really keep up with mortgage rates anymore, but last week an e-mail subject line just happened to catch my eye that mortgage rates are at “record lows”. I always figured that my 5.125% rate was so low that another refinance or loan modification probably would never be worth it, but it turns out that rates are so low they just might.

What To Look For In A Rental Property Manager

Has the struggling housing market left you with no other options than to rent out your home? Many professionals in America have found themselves stuck between a rock and a hard place. Many need to move on to new jobs but find themselves unable to sell their home for enough to cover their mortgage or the closing costs. Many people want to wait before they sell until they believe housing prices return to appropriate levels. Either way, many homeowners are finding themselves as reluctant landlords.

Are You Ready to Buy Your First Home?

Buying a home is almost a rite of passage in an American’s life, but it can be a daunting task — especially in the current market. Many 30-year-olds are beginning to look for places to settle down, and although real estate may not be the strongest investment, it is an investment that nearly 5.7 million Americans made in May 2010, according to the National Association of Realtors.

Negotiate the Mortgage Rate on Your First Home

You’re in the process of purchasing your first home and you’re feeling a little nervous about finding a suitable mortgage. Many mortgage loans are out there and it can be tough to sift through them all to decide on one particular bank or lender.

Net Worth & Goals Update – July 2010

Time for another net worth update… last one was back in April.

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