If you’re a real estate investor, you may have some enticing tax-related options available when it comes to selling a current property and purchasing another. Take, for instance, the 1031 exchange.
If you’re in the process of finding a new home, then the most recent Federal interest rate cut may have piqued your interest in terms of your next mortgage. On October 30th, the Federal Reserve cut interest rates by a quarter point – for the third time in 2019 – in hopes of bolstering the economy.
There are 3 Questions You Need to Ask Before You Sign on the Dotted Line.
There can be a number of benefits to refinancing your home mortgage – particularly if interest rates are lower than they were when you initially took out the loan. For instance, depending on your current rate and balance, refinancing could reduce your monthly mortgage payment significantly.
Nobody wants to pay more for anything if they don’t have to. That’s why it is so important to shop around for the best price on cars, computers, and even home mortgages.
For most people, their home mortgage is the largest debt they will ever have in their lives. So, what if you could wipe this big monetary obligation completely off your list of monthly payments? Would that change your financial life?
While the financial impact of the 2008 economic recession is, for the most part, behind us, there are now fears that the U.S. economy could be heading into another rough ride. And, while interest rates will oftentimes rise in response to increasing inflation, as a recession is just getting underway, interest rates – including those for home mortgages – will typically go down.
When you're shopping for a mortgage, you will encounter the [...]
It's a common misconception that you're required to have a [...]
Discount points on a mortgage are also referred to as [...]