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. […]

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 […]