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Posts Tagged ‘Mortgage’

The most basic decision on a mortgage has nothing to do with interest rates. It has more to do with the term of the mortgage – should you go with a 30 or 15 year term? Deciding Between 15 and 30 Year Mortgages Mortgage discussions usually boil down to two considerations. Which is the mortgage option that can give you a high return for a low payment? Among these options, which has the lowest interest rate? Undoubtedly it is important to ask these two questions, but many overlook the consideration of term lengths and end up wasting money in the process. There are several reasons why the term of a mortgage is so important. You need to know how long you shall be paying off the loan, that goes without saying. And you also need to know how much interest or finance charges you will potentially be paying. When building equity, these things are very important. 30 year mortgage terms mean more total interest to be paid. The good thing about 30 year terms is that you will be paying Read More

You may think selling your own home is as easy as a walk in the park. Put a For Sale sign out front, and people will come flocking to your door, or will they? There’s a lot more to selling your own home, not least of which is letting go emotionally so you can actually sell it. Here are 4 points to consider when selling your own home. Let Go of Your Home First Perhaps the biggest obstacle to selling your own home is the emotional investment you have made in it. The worst thing that can happen and that you should definitely avoid, is allow yourself to be overwhelmed with memories. If you fail to do that, you jeopardize the sale by substantially diminishing its value. In order to avoid that, you will want to clear the house of any personal things with great sentimental value and remember at every step the reasons for selling. 2. Do the Research Check what prices similar properties in your area are fetching, either online or by visiting show days of other houses. A fair price will Read More