Blog – Page 725 of 768

03 Oct 2013

Do Those Additions Really Add Value To Your Home?

Home Selling Tips

When you own a home, there are additions that you can make to the property that will improve the value of your home. For example, a newly renovated kitchen or bathroom is a popular choice that will really make the home more desirable to buyers. Also, adding storage space or a well-thought-out family room or other practical space can be a very good investment that will bring up the home's value. However, there are other projects that are not really worth your time or money and will allow very little opportunity to recover your costs when it is time to…

02 Oct 2013

By Mark Feder

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How Does An Interest-Only Mortgage Work?

Mortgage Tips

When you have been researching your different options for a mortgage on your home, you might have heard of an "Interest-Only Mortgage". What exactly does this type of mortgage mean and how does it work? Usually when you take out a loan, you must pay back the capital debt (the amount you borrowed) and the interest on that debt. An interest-only mortgage offers a cheaper option for purchasing a property, because you will only be making payments on the interest and not the capital. Compared to a repayment style mortgage where you are paying down the principle of the loan,…

01 Oct 2013

By Mark Feder

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Don’t Let Confusion With Mortgage Jargon Cost You

Mortgage Tips

A recent study of US and UK home buyers, conducted by the London based Nationwide Building Society, found that more than 40% of people buying homes were confused by the jargon that lenders used to describe mortgages. When it comes to taking out a mortgage on your home, could confusing mortgage jargon be costing you money and causing you to make ill-informed choices? According to the study, only 31% of home buyers understood what the term "LTV" meant, an acronym that stands for "loan to value" and describes the ration between the amount of the mortgage and the value of…

30 Sep 2013

By Mark Feder

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What’s Ahead For Mortgage Rates This Week-September 30, 2013

Housing Analysis

Last week brought a variety of housing related news. Highlights included the S&P/Case-Shiller Home Price Index for July, which showed a 12.40 percent year-over-year increase in national home prices. This was up from 12.10 percent in June. The FHFA Housing Price Index reading traces home prices on properties securing mortgages owned or backed by Fannie Mae and Freddie Mac. The year-over-year reading for July showed an increase of 8.80 percent as compared to a year-over-year reading of 7.80 percent in June. Rising mortgage rates and rising home prices have caused some buyers to leave the market, while others are jumping…