Archives: May 2015

Who would want to be without one?

When the 75 year old man who had been widowed four times was asked why he was getting married again, he said “for the little bit that they eat, I wouldn’t want to be without one.” In a torrential rainfall, you wouldn’t want to be without an umbrella. It is also understandable that when purchasing […]

You’ve Got Money!

Imagine that after checking www.SSA.gov to see what you can expect when you retire and estimated what your minimum required distributions from your retirement accounts will be, you’ve discovered that you’re not going to have enough retirement income to cover your living expenses. Ideally, it would be perfect if the extra money you need would […]

US Pending Home Sales Rise for Third Month in a Row

We have some excellent news to report from the national housing market: Evidently US pending home sales index increased for the third straight month in April. This is a great testament that the national housing market is getting back on track and becoming increasingly stable. If you’re considering entering the market anytime soon as a buyer […]

Live the Dream

Consumers are more easily living the American Dream of owning a home because of the incredibly low mortgage rates. Today, most buyers can get a much lower rate than their parents or grandparents got on their first home. In a recent housing survey, FNMA released information about consumers’ thoughts on the current market. Almost two-thirds […]

Amortization

The word describes the process of accounting that will repay a loan over time. Residential buyers will most commonly be required to have an amortized mortgage. When amortizing a fixed rate mortgage, the payment remains constant for the entire term but the allocation of what goes to principal and interest changes with each payment that […]

Pay More or Less

Paying more for your house payment does not make your home more valuable. It does mean that the mortgage rate may be higher than it has to be. Even though fixed rates may never again be as low as they are currently, an adjustable rate mortgage may provide the lowest cost of ownership depending on […]

5 Baby Boomer Housing Market Trends to Watch

Regardless of where you live, experts are expecting that Baby Boomers will have a major impact on the local housing market. That’s because this sizeable portion of the population is comprised of 76.4 million individuals. And many of them are expected to make major moves over the next several years as they continue to retire. […]