Interest rates are now lower than they have been in more than 40 years. That said, it might be hard for you to think about your “window of opportunity” being closed. However, reports coming out now state that it will cost more to buy a home at the end of this year. One of the […]
It’s April and once again tax time is upon us. As a tax payer, you are allowed two options for deductions; standard or itemized. Interested tax payers will compare each method to see which one is more advantageous. Some tax programs like Taxcut and TurboTax® make the comparison for you and suggest the best outcome. […]
When buying a home you may be given the opportunity to prepay some interest in the form of “points.” This allows the buyer to bring down their mortgage interest rate by making upfront payments. Points can also be paid for building a home or for improving your principal residence. However, points paid when you refinance […]
We all remember what happened in late 2007 and early 2008 with the real estate market. The bottom dropped out of it and sent our economy into turmoil helped by bad lending practices across several mortgage companies. As a result, the Dodd Frank Reform Act was enacted to help protect the home buyer from predatory […]
Have you ever heard of a water meter key? You might want to read the rest of this post and find out what it is. My suggestion to homeowners with Fairfax homes for sale: buy one before you need it. Oh, no! It’s 3 o’clock in the morning and a pipe just burst. Water is […]
During the normal course of our lives we come to know certain expectations. We expect coffee to be hot, beer to be cold and that Mexican food is almost always spicy. But if any of these expectations are not met, there are no serious consequences. When the value of an item rises, whether by price […]
Spring is in the air! Well for some parts of the country. Remember when mom used to designate a weekend and say it was Spring Cleaning Weekend? It is once again time to start clearing out the winter fog and clutter. Keeping things in your home means you have to take care of them, the […]
As interest rates increase, the group of people who can afford to buy a home decreases just a little. New mortgage rules have gone into effect this year which tightens the payment to income ratios. As our summer demand season approaches, experts are predicting interest rates will rise. A half percent rise in interest rate […]
We often debate with ourselves between the decision to rent a home or buy a home for our family. Popular online real estate marketing service Zillow recently released their 2014 housing projections. In their report, Zillow projects the cost of renting or buying is increasing. They project national home prices to rise by 3 percent, […]
There are several types of investment opportunities in the world today. If you take a certificate of deposit, this generates cash flow depending on its interest rate but that is the only way it generates investor returns. If you invest in stocks, and don’t get paid dividends, you only earn your investment back if you […]
