Why Should I Pay For An Appraisal?
April 30, 2018
Question: We’re buying a house. It will cost us almost $500 to get an appraisal. Given free online estimates this seems like a huge waste of money. Isn’t there a […]
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Category: Q&A
Is Now The Time To Lock-in Mortgage Rates?
April 16, 2018
Question: We’ve been speaking with a mortgage lender and she said that in the face of rising rates that now would be a good time to get a lock-in. What […]
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Does Tax Reform Make Real Estate Less Attractive?
April 4, 2018
Question: Given tax reform does it still make sense to buy a home when you can get a rental in many markets for the same money or less? Answer: The […]
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Yikes! How Do We Cancel Mortgage Insurance?
March 5, 2018
Question: We pay a hefty amount each month for mortgage insurance. Paying down principal would be a much better use of our cash. How do we get rid of mortgage […]
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Why is the Total Bill For a Home More Than the Borrowed Amount?
February 12, 2018
Question: We went to see a lender and it was a terrifying experience. The lender says we can afford to borrow $225,000 at 4 percent interest. Our monthly payment will […]
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Why Do Credit Scores Suddenly Decline?
January 19, 2018
Question: Our credit score recently declined so we got free copies of our credit reports but could not find a single incorrect entry. We haven’t gone out and bought a […]
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What do Loan Limit Increases Mean for Me?
January 5, 2018
Question: Mortgage loan limits have increased for 2018. What does that really mean for the real estate market? Answer: There was a time when new mortgage loan limits – the […]
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What Are the Pros and Cons of Financing with 20 Percent Down?
December 11, 2017
Question: We are first-time home buyers and would like to finance with 20 percent down. Some of our friends say we should buy with less up front and now we’re […]
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When the Fed Raises Rates Will Mortgage Rates Rise, Too?
November 6, 2017
Question: Many believe the Federal Reserve will raise interest rates in December. Doesn’t that mean we should expect mortgage rates to rise later this year? Answer: The Federal Reserve has […]
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How Much Will I Save Per Year With Bi-Weekly Mortgage Payments?
October 25, 2017
Question: We have been approached by a company that offers a bi-weekly mortgage plan. Our question is very simple: how much will we save on average per year? Answer: This […]
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