Let me paint a picture: Closing is less than a week away. You have been constantly calling the mortgage broker for updates on getting a clear to close. Your current home is a mess filled with boxes and items scattered everywhere. Movers have not been scheduled yet, your agent is out of town, the attorney just left you a voicemail, and you are stressed out of your mind. Continue reading
You are sitting at closing going through the settlement statement with your attorney trying to understand why you own over ten thousand dollars of closing costs. You nod your head as the attorney goes through the list explaining but the truth is, you have no idea what he is saying. It sounds like a foreign language! Sound familiar? Continue reading
I remember about a year after purchasing my first home, my monthly payments suddenly skyrocketed by about $100! I was in shock. My mortgage was a fixed rate and my monthly payments should be the same, right? Wrong!
The housing market is hot and interest rates are still at record lows. Many renters or people that have never owned a home before are now seriously considering making their first real estate purchase. While it is an exciting (and stressful) journey, first time home buyers must be extra diligent as they have never done this before and may not know what to expect. This article highlights four costly mistakes that many home buyers unfortunately make: Continue reading