A 15-year mortgage is the dream home loan for home buyers who can afford the much higher monthly payments and want to shred their mortgage in half the usual time while saving thousands or even tens of thousands of dollars in interest. To make a 15-year mortgage work, you’ll need a reliable income and enough…
A mortgage with no down payment seems a little bit like scoring a buy-a-home lottery ticket. You get a home loan and keep more money in your pocket. What could be wrong with that? Well, there are some downsides. And zero down home loans come and go — except for two perennial government programs. Ups…
Fixed-rate mortgages are the chicken soup of home loans. In an uncertain world, they stand out for their comforting reliability. Today, a fixed-rate mortgage is nearly every borrower’s choice. In July 2017, 87% of mortgage purchase applications were for 30-year, fixed-rate loans, and 94% of all mortgage purchase applications were for fixed-rate loans, according to…
Energy-efficient upgrades can not only shrink your utility bill; they can increase the value of your home. Homebuyers are becoming increasingly aware of the benefits of energy-efficient homes. In fact, they’re often willing to pay more for homes with “green” upgrades, says Sandra Adomatis, a specialist in green valuation with Adomatis Appraisal Service in Punta…
