The rising mortgage interest rates should make you rethink your debt payment strategy. According to reports, the mortgage applications have gone down because of the rising interest rates. A 30-year fixed-rate mortgage rose from 4.77% to 4.84% while an adjustable-rate mortgage rose from 36.8% to 37.1%. Apparently, the rates are rising because of the tensions […]
The Real Cost Of Having A Huge Debt Problem
If you have a huge debt problem, you might want to focus on getting rid of it as soon as you can. This is not something that you should postpone. If anything, it has to be prioritized because it can seriously compromise your financial future. According to reports, consumer borrowing increased by 8.8%. It is […]
Reasons Why Refinancing Your Home Is A Good Idea
There are instances when refinancing your home seems like a really good idea. But you need to be really sure about your reasons because this is one of the financial decisions that can affect your future. After all, your mortgage is probably the biggest loan that you will ever take on. If you make a […]
Do Not Buy A House Unless You Have These Under Control
We all want to buy a house sometime. It will always be a part of the American Dream. There is nothing like knowing that you are living in your own house. You will feel a different level of security because you will always have somewhere to come home to. People buy their own home for […]
Mortgage Down Payment And How To Save Up For It
Saving for a mortgage down payment is one of the most crucial and challenging steps you would make when you set your sights on a home purchase. This is because buying a house remains as one of the biggest goals of American families. A lot of factors come into play and the initial equity on […]