(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,…
Tag: Home Buyers
Living in Caldwell, NJ from the NY Times
Today’s NY Times Real Estate Section “ Living In” column features Caldwell, NJ. An “appealing alternative to pricier areas nearby”, Caldwell has much to offer including great schools, many recreation activities, low crime, diverse restaurant offerings, a reasonable commute and the ability to walk to it all. Located less than 20 miles from midtown Manhattan,…
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…
West Essex Real Estate 