Home Buyers are Looking and Rates are Headed Up

Home Buyers are Looking and Rates are Headed Up

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It’s that time of year when home sellers and home buyers start to get worried about either finding a home or selling their current one before winter. Lets face it, it is not fun moving in the cold weather nor is it fun to have buyers coming in and out of your home in the winter tracing up floors and carpet. For home sellers the time to sell is now and for home buyers it is also time to find something that can close in a short period of time, we all know the pickings have been scarce for home …

3 Ways Real Estate Agent (s) SAVE You Money

MONEY DIET

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Money Diet 7 Easy Ways To Reduce Your Loan Payment And Increase Your Savings There are many ways to reduce the amount of money you send each month to your mortgage company. You just have to know where to cut the fat. Check out these seven money-diet tips to discover how you can slim down your monthly mortgage payment. 1. Refinance to a lower interest rate. Even a half-percent drop in your interest rate could save you hundreds of dollars a year. Drop a whole percentage point, say from 6% to 5% on a $150,000 mortgage for 30 years, and you’ll save …

Mortgage Points

To Pay or Not To Pay

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 To Pay or Not to Pay : Among the first things people ask when shopping for a mortgage loan is: What’s the interest rate? The answer is often a percentage rate with points—for example, 4.5% plus 2 points. Here’s what those points are all about. A loan discount point is equal to 1% of the loan amount. So, on a loan of $100,000, a borrower would pay $1,000 per point to the lender. (Fees, such as loan origination fees, are sometimes quoted in points, but here we’re talking about discount points, which are prepaid interest.) What’s the advantage to the borrower …