If you are in the market to buy a home and find one that checks off most of your “must-haves” list, you may want to go ahead with the purchase. First-time home buyers can be at a disadvantage since they put most of their available cash into a down payment and closing costs. This forces […]
All posts by Thierry Roche
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Historical Perspective
Back in 1968, mortgage rates were 8.5 percent. Then the following year, rates dropped to 7 percent. Homebuyers were able to buy a 15 to 20 percent larger home with the same payment if they could get their mortgage assumed. Back then FHA and VA mortgages were very popular for certain price ranges and these […]
The “Right” Agent and the “Right” Home
Some potential home buyers determine which agent they will use when they start looking for their dream home. They believe that finding the home is the most critical part. While finding a home is critical, the most important part is getting good representation. Finding the right agent requires more skills then just being the agent […]
Remove PMI to Lower Your Expenses
Private mortgage insurance is usually required on mortgage loans for more than 80 percent loan-to-value. If a borrower defaults on their loan, mortgage insurance will reimburse the lender. You need to be aware that when certain conditions have been met, expensive PMI can be removed. When your mortgage balance has reached 80 percent of your […]
Are you ready to retire?
You would be shocked to hear just how many people have spent more time on vacation planning or mobile phone purchases than they have on planning for retirement. These same people are probably expecting that Social Security will support them through their golden years. It can be assumed that a single person who has paid […]
Risk Balancing versus Deductibles
Mortgage loan companies require a homeowner to carry insurance on their home while it has an active loan on it. The benefit is that in exchange for paying a yearly or monthly premium the homeowner transfers the risk of any loss to the insurance company. Insurance companies allow homeowners to select a deductible that will […]