The purchase of a home can require a substantial financial commitment. In addition to making a new monthly mortgage payment, there can also be a considerable amount of money due up front, before you're even given the key to the front door. But, by shopping around and having a good understanding of what these additional [...]
Taking on a new home loan can be a daunting task. There is oftentimes a stack of paperwork that needs to be signed, which in turn means that you are obligated to make the mortgage payments for the next 15 or 30 years. In order to close on the mortgage and become the owner of [...]
Since the U.S. economic recession of 2008, we've been living in an environment of historically low interest rates. Now, however, as the economy continues its upward movement in its recovery, there is talk of the Fed raising interest rates again. If the current increase in interest rates does occur, this would actually mark the third [...]