You have probably thought about or at least said out loud “if I knew then, what I know now, I would have done things different.” Thoughts like “I should have stayed in school,” or “I should have listened a bit more to my parents” come to mind.
Retirement Planning – an activity that we often procrastinate in doing although it is very important. A lot of people plan to have their home mortgage paid off by a magical date so they don’t have to make payments after they retire.
Housing affordability is a concern for would-be homeowners with interest rates and home prices on the rise. If you are renewing your certificate of deposit, rising interest rates are great, but not when you are borrowing money.
In the past twenty-five years, not many buyers have been assuming mortgages. In the late 1980’s, the Federal Housing Administration and the Veterans Administration began to require that buyers qualify for the mortgage assumptions.