Blog – Page 695 of 790

07 Aug 2014

Is a 40-Year Mortgage Worth It? How to Decide Whether or Not This Longer Term is Right for You

Home Mortgage Tips

There are different timetables for mortgages. The most common types are 15-year and 30-year mortgages. However, a mortgage broker can establish unique timetables for a homeowner, such as a 40-year mortgage. Friends may recommend going for a long-term timetable, but what do professionals think of a 40-year mortgage? Here is what you may want to consider to see if a 40-year mortgage is appropriate for you. The Monthly Rates Will Be Low Compared to a 15-year or a 30-year mortgage, the monthly payments for a 40-year mortgage will be lower. Since the mortgage is spread over 10 years beyond a…

06 Aug 2014

By Mark Feder

Why a Detached Garage Can Drastically Improve Your Resale Price

Home Seller Tips

Before you make a major structural change to your property, it is important to consider how this will affect your resale value. While there are many steps that you can take to improve your property, the addition of a detached garage may be beneficial to you and may drastically improve your resale price when you are ready to sell. You should always first obtain customized information about how the addition of a detached garage may affect your property's value. Adding Square Footage to Your Home As a property owner, you may be well aware that one of the most common…

05 Aug 2014

By Mark Feder

The Summer Buying Season Is Here: 3 Tips to Help You Secure a Favorable Mortgage Rate

Mortagage Tips

The best way to ensure you get a good rate on your mortgage is to become an informed buyer. The more you know about mortgages, the more you'll be able to save, and that doesn't just mean knowing where to find the best interest rate. While interest rates play an important role in determining the price of your mortgage, there's always more to a mortgage than just the interest rate. Here are three things you need to know about mortgages to make sure you secure a favorable rate. Understand The Fees Involved - And How To Avoid Them Aside from…

04 Aug 2014

By Mark Feder

What’s Ahead For Mortgage Rates This Week – Aug 4, 2014

Market Outlook

Last week's economic news included a number of housing related reports. According to the National Association of REALTORS®, pending home sales dropped by 1.10 percent in June. The S&P Case-Shiller Home Price Index reports for May noted that home prices are growing at a slower rate of 9.30 percent year-over-year than April's year-over-year growth rate of 10.80 percent. Construction spending was also lower in June. The Fed's FOMC statement indicated that asset purchases connected to quantitative easing will cease in October, but that the current target federal funds rate is expected to stay in place "a considerable period" after asset…