Is Refinancing a Good Idea? Under normal circumstances, we would like to purchase everything with cash and not get into the complexities of credit. However, the world of finance doesn’t work like that and you have to deal with credit at some point or the other. You have to know about the market trends so that you can take advantage when interest rates are low by making lucrative investments that give good returns. … [Read more...]
Should I rent or buy?
Renting vs. Buying – Which is the Better Option? Renting or buying a home is a debate that can go on forever. Some feel it is not wise to purchase a home and get tied down financially while others support the notion that renting places endlessly is not a smart decision in the long run, especially if you have a family to support. … [Read more...]
Which mortgage is better for me?
How to Understand which Mortgage is Better Mortgage – this is a dreaded word indeed, because people get extremely mortified to hear it, and yet this is something we can’t avoid. Before applying for a mortgage loan, you need to know about the terminology and technicalities associated with it. Only then can you successfully determine if a particular mortgage will be beneficial for you or not. … [Read more...]
How much can I afford to borrow?
How Much Can You Borrow while Buying a Home? Who wouldn’t want to own a property that can be called home? Unfortunately, there are lots of factors to consider such as mortgage – for a fair deal, you need to have a good credit score, be more or less debt free, save cash for down payment, and so on. Keep in mind that mortgage companies will always verify if you have the ability to pay back what you are borrowing from them. … [Read more...]
