We don't plan to sell our Florida home until the housing market here recovers. While we wait for prices to recover, we have decided to pay down our mortgage. According to a recent article from Bloomberg, home inventories are low because a lot of homeowners such as us are reluctant to sell in a buyer's market. By staying put, I think we can come out further ahead financially.
Search results for first
First Person: Staying Put Will Save Us $70,000 in Mortgage Interest
Posted by mortgage 10 hours ago (Editorial)
First Person: Why We Chose a 15-Year Mortgage
Posted by mortgage 12 days ago (Editorial)
Many people debate the pros and cons of 15- and 30-year mortgages. There are all kinds of situations and factors that could make one better than the other for different people. I can't speak to their situations, but I can tell you why our family found that choosing a 15-year mortgage worked well for us.
First Person: Shopping Around for a Mortgage Saved Us $2,100
Posted by mortgage 14 days ago (Editorial)
When my husband and I set out to find a mortgage lender, we were way out of our comfort range. There are so many things you need to know before deciding which loan is best for your family. After talking to at least 10 different lenders, we decided to apply with the one we thought offered the best deal. In the end, I'm happy with our decision, and these are some of the reasons why shopping aro
First Person: Using a Lifespan Calculator to Plan My Retirement
Posted by mortgage 25 days ago (Editorial)
Before I could create a realistic retirement plan, I had to guess when I might die. Although no one can hold back the grim reaper when it's your time to go, most of us are more likely the victims of our genetics or our lifestyle habits.
First Person: Mortgage Rates Are Low But Bank Expectations Are High
Posted by mortgage 51 days ago (Editorial)
According to an article from The Hill, 30-year fixed mortgage rates are once again under the 4% mark at 3.99%. This is after they went up over the 4% barrier, though only for about a week. So, while this would seem to be great news for me as I am attempting to buy a home, I've found that getting a mortgage, especially at such a low rate, is proving to be harder than I thought it would be. Whi
First Person: 5 Pitfalls of Online Mortgage Calculators
Posted by mortgage 56 days ago (Editorial)
If there were one product or tool I looked upon with utter disdain throughout my real estate career, that product would be an online mortgage calculator, and I'm not the only one. The Wall Street Journal also warns consumers away from mortgage calculators, for a variety of reasons. Certainly, these handy-dandy tools have their place in the home buying process, but that place is nowhere near t
First Person: How Low Will Mortgage Rates Go?
Posted by mortgage 63 days ago (Editorial)
Like most Americans, I'm watching to see how low mortgage rates will go. I have been wondering if it's a good time for us to refinance our home.
First Person: Should I Refinance My Mortgage to a Lower Rate?
Posted by mortgage 72 days ago (Editorial)
COMMENTARY | Refinancing my home is something that I think about on a semi-regular basis. It isn't like I obsess about it, but I try to keep an eye on loan rates just in case refinancing would be financially advantageous. Now that rates have again fallen to a historic low, I am wondering if pursuing a new loan would be a good idea. As with any major financial decision, there are a number of .
Mortgage How to Get is an informational resource about mortgage news and information.