Photo by Karolina Grabowska from Pexels Does it make sense to pay off your mortgage early so you are debt-free earlier in life? Or should you stretch it out if you can? The short answer is: it depends. Everyone is different, but here are a few things to consider as you weigh your options. Pay Off Your […]
Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% […]
Photo by La Miko from Pexels The phrase, “trust, but verify” was made famous by President Ronald Reagan in the 1980s. Reagan adopted this signature phrase and frequently used it to describe U.S. relations with the Soviet Union during the Cold War. In a sense, much of the initial home purchasing experience begins with the same “trust, but […]
Photo by Lisa Fotios from Pexels You sit in the lobby. The news is just too much to bear so you stand up and pace the hallways, awaiting the outcome. Your mortgage lender meets you halfway down the corridor, and with solemn eyes says, “Sir, I regret to inform you that you will have to pay PMI each […]
As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low inventory, and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles. All of this and more makes now a great time to sell your […]