Reducing Interest Expense

Posted Posted in homes, Mortgage interest, mortgages, real estate

0% financing has induced car buyers into taking the plunge because it doesn’t cost anything to use someone else’s money. While mortgage rates are not at zero, they’re close enough that many buyers are applying similar logic. Qualified mortgage interest is deductible on taxpayers’ returns subject to the maximum acquisition debt of one million dollars. […]

Rate / Payment Relationship

Posted Posted in Mortgage interest, mortgage rates, mortgages, real estate

<img class=”alignright” style=”width: 250px; height: 186px;” alt=”Rate Payment Relationship 2 small.png” src=”http://www.betterhomeowners.com/image.ashx?Id=51WGJ0DEIk–YC8rCNP4Yg” width=”250″ height=”186″ />A ½% increase in interest rate may not sound like much but it is roughly equivalent to a 5% increase in price.  It becomes obvious when you compare the payments. If you financed 100% of the cost of a $250,000 home […]

Rent or Buy – the cost is going up

Posted Posted in Affordability Index, first-time buyers, Housing prices, Mortgage interest, mortgage rates, mortgages, real estate, Rent versus Buy

Whether you continue to rent or decide to buy a home, according to recent Zillow 2014 housing projections, the cost is going up. Zillow projects home prices to increase nationally by 3%, mortgages to rise to 5% interest rate by the end of the year and rents to go up by 2.5% on average. If […]

What Can Home Buyers Expect?

Posted Posted in FHA Mortgages, first-time buyers, Home Values, homebuyers, Homes for Sale, Housing prices, Mortgage interest, mortgage rates, mortgages, real estate

The two most frequently quoted constants in life are death and taxes. Two more things would-be homeowners can expect in the near future are increases in mortgage rates and housing prices. Interest rates have been kept artificially low for several years by the Federal Reserve in an effort to strengthen the economy. Policy is shifting […]