One thing all home-buyers have in common is the desire to get the lowest possible interest rate on their mortgage, which is why many mortgage shoppers call dozens of lending institutions asking, "what is your rate?" The fundamental problem with this approach is that the … [Read more...]
Archives for April 2014
Review of Yahoo! Finance Article “Alternatives to putting down 20%”
We wanted to post a couple of comments and corrections on an article that recently appeared in the finance section of Yahoo!. Our first small issue arises when the author claims that Mortgage Insurance (MI) can be cancelled at any moment once a borrower reaches 80% … [Read more...]
Owning Two Homes
Here are some additional thoughts on a topic addressed by an article that recently appeared in US News. What are the specific steps you can take to make sure you do not get stuck owning 2 homes? To eliminate confusion, let's first define a couple of terms. Buyers are … [Read more...]