Most people don’t buy their house with cash. In fact, historically cash sales account for just 10 percent of all home sales. But, according to Freddie Mac’s most recent monthly outlook, the fact that the number of homes for sale remains lower than normal has caused a higher than normal number of cash sales. “Usually, […]
Mortgage Problems and the Myth of Foreclosure Help
For a number of reasons, the rate of home foreclosures is rising in the United States. In fact, the rate is up some 70% over a year ago. Part of this is due to rising interest rates that are making payments unaffordable to homeowners who bought their homes three or four years ago with adjustable […]
Mortgage refinance: 5 common mistakes you should avoid
Whenever there’s a drop in the interest rates, there is a sharp rise in the demand for mortgage refinance. However, it’s important for you to keep in mind that it actually isn’t a great idea to consider refinance options. Jumping the bandwagon without researching proper refinance options would be tantamount to a financial suicide almost. […]