Calculating Your Home Equity
Knowing the amount of equity you have in your home can be beneficial, especially if you're thinking of applying for a mortgage refinance. Calculating your home equity is fairly easy to do. You simply take the current market value of your home and subtract what you owe. For instance, if you have a home that is currently valued at $200,000 and you owe $80,000 in principal on … [Read More...]
Could Buying a Home with a Stigma Be a Great Deal?
There is a hush-hush phenomenon in real estate that prospective house hunters should be aware of. Although they may not be present in every neighborhood, there are homes to be had for much less than … [Read More...]
What’s the Difference Between a Short Sale and a Foreclosure?
As a potential home buyer, you've probably already come across the terms "short sale," "foreclosure," and "REO property." Although it can be confusing, it's important to understand the details and … [Read More...]
Ways To Save Money On Your Mortgage
For many home owners, mortgage payments are their largest monthly expense. Fortunately, there are ways to decrease your monthly payment and pay off your loan faster. Keep in mind, these are merely suggestions and may not work for every homeowner. Talk to your … [Read More...]
PITI: The 4 Components of a Mortgage Payment
As you may know, when you make a mortgage payment, you aren't just paying one big chunk toward one balance. In a typical mortgage arrangement, your payment will be divided into four parts that will go toward four different debts. Principal, Interest, Taxes and … [Read More...]
What are the Fastest Growing Cities?
Not looking forward to another winter in Buffalo or a summer in Phoenix? Stuck in rut at your job and considering a change of scenery? Maybe a fresh start is in order. CNNMoney.com put together a nice slideshow of the fastest growing cities in the United … [Read More...]