Today’s higher mortgage interest rates have many homeowners hesitant to sell their houses and buy new ones. But the skyrocketing home prices of recent years mean that many of those owners are sitting on substantial home equity. Here’s how that equity can soften the blow of higher interest rates. Two factors increasing home equity Your… Read more »
How long do you need to own a home before you can sell it profitably? The answer depends on your individual situation, but generally speaking, the longer you own a house, the more you’ll net from its eventual sale. Sometimes life intervenes, however, and you need to sell after owning a property for only a… Read more »
The housing market continues to improve nationally through the current crisis. Industry forecasters expect pent up demand and low supply to push home prices higher in the months to come, even at historically low mortgage interest rates. If you already own a home, you’ve got an asset with intrinsic value that is likely appreciating. Here’s… Read more »
You may have heard the term “reverse mortgage,” but have you ever investigated how they work? Here’s a tutorial to help you understand if a reverse mortgage is right for you. What is a reverse mortgage? A reverse mortgage, also known as a Home Equity Conversion Mortgage, is a tool typically used by an older… Read more »
