Archives: June 2014

Unexpected Closing Costs

TD Bank released a recent study that says 65 percent of home buyers with a mortgage that required PMI (private mortgage insurance) stated having a higher monthly payment that was over what they had originally planned. PMI is a requirement when your home loan exceeds 80 percent of what the home is valued. The premiums […]


Seller's Market?

When demand for housing is high and the supporting inventory is low, we often use the term “Seller’s Market.” This means selling conditions are favorable for sellers and there are no adverse economic conditions that are affecting the market. A higher amount of willing, able and ready buyers determines demand. A timing of lower interest […]



A Down Payment Source to Consider

Most of us know that if you withdraw funds early from your IRA you pay a 10 percent penalty. Current withdrawal age is 59.5 years old. But first-time homebuyers have an exception available to them. They are allowed to withdraw up to $10,000 per person, penalty free, if they did not own a home in […]