March 19, 2008
The housing crash has certainly caused Detroit to suffer, with homes falling below $5000. Could this be the low point, or will things get worse? A cheap home tends to carry with it a fairly affordable mortgage.
Comments (0)March 17, 2008
Buying a home for the first time can be terrifying. Often, one finds themselves overwhelmed by terms, rates, and incompetent professionals. Arming yourself with knowledge can be an invaluable form of preparation for your housing purchase.
Check out these tutorials on Real Estate!
Comments (0)March 8, 2008
Making Bi-Weekly Payments to your mortgage, rather than monthly payments will result in one extra payment a year. This often translates to a mortgage fully paid off five to seven years early. Use our biweekly mortgage calculator to determine how large your savings can be.
If your lender doesn’t allow you to payoff your mortgage early with biweekly payments, consider taking out a heloc loan.
Comments (0)March 7, 2008
Did you know that paying extra towards your mortgage could actually increase the taxes you pay? Mortgage interest is tax deductible. Use our tax calculator to determine the deductions you can take from your mortgage.
It’s worth mentioning that Credit Card interest payments are not tax deductible, but HELOC loan payments are. Learn more about home equity lines here.
Comments (0)March 3, 2008
The average American moves every seven years. Calculate whether discount points are a good deal for your situation.
Often, if you’ve paid points to lock in a good rate, it can be beneficial to keep your house and rent it out rather than selling when you move.
Comments (0)February 28, 2008
Paying off your mortgage early can save you thousands. This can be particularly necessary if you find yourself with a high rate adjustable mortgage loan.
Wondering how a second mortgage could benefit you in paying off your mortgage early? Use the additional payment calculator to find out how much you can save by making an extra payment here and there.
You may be surprised at the immense savings available!
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