(StatePoint) While mortgage interest rates remain near historic lows, they have been slowly rising over the last year, increasing the cost of 30-year loans for borrowers. Home buyers concerned about higher rates have other options to consider: an adjustable rate mortgage (ARM), which provides an initial lower monthly payment, or a 15-year fixed rate mortgage,…
Category: Budgeting
Top Tips and Decluttering Insights for Your Next Move
Moving can be emotional and the ways you manage it – including the downsizing of your possessions – may be influenced by your age, suggests a new study. “From heirlooms to kitchen gadgets, moving is one of the few times in life when you’re forced to consider all your possessions and decide what goes and…
Interest Rates are Rising: Should You Buy a Home or Wait?
(StatePoint) With heightened talk of rising interest rates, many prospective home buyers are understandably concerned about whether it’s the right time to purchase a home. Indeed, you may be wondering if you waited too long and let the historically low interest rates pass you by or if you can still find a dream home that…
Are Common Myths Holding You Back from Buying a Home?
(StatePoint) Aspirations of home ownership is strong for America’s families, yet findings from the fifth annual America at Home survey from NeighborWorks America indicate several perceived barriers to home ownership among the majority of consumers. Findings from the survey, which consisted of 1,000 U.S. adults and 500 millennials include many misconceptions about what it takes…
How Much Home Can You Afford this Spring?
How Much Home Can You Afford this Spring? Factors to Consider (StatePoint) The chicken or the egg? Which came first continues to fuel philosophical debates. But when it comes to buying a home, experts are pretty clear about the proper order of things — agreeing you should fit your mortgage to your finances, not to…
How to Find the Right Home Mortgage So You Don’t Overpay
(StatePoint) Ample bedrooms and bathrooms? Check. A roomy kitchen? Check. A nice-sized backyard, storage space in the attic and just the right amount of curb appeal? Check, check and check. Once you’ve found your perfect home, the next step is finding the right mortgage — which can sometimes feel like you’re competing in a contact…
Keep Your House Cooler This Summer Without Air Conditioning
In 2017 most of us are making an effort to live a greener lifestyle. We also love to save money! Lisa Kaplan Gordon writing for Houselogic.com shares some great tips to keep our house cooler this summer Want summer comfort but hate the AC? Follow these tips on how to keep your house cool without…
What do Increasing Interest Rates Mean to Homebuyers and Homeowners
By now you have heard that the Federal Reserve has increased short term interest rates by 0.25%. This is the first rate hike since 2006. It is also predicted that there will be more small interest rate hikes to come. What does this mean to you as a homebuyer or homeowner? How will it affect…
West Essex Real Estate 