A comfortable and nice home is one of the essentials to a happy life. When it comes to the house, most people face the dilemma of whether to rent a home or buy one right away. There are loyal supporters of both arguments, as each option offers some unique advantages. [Read more…]
Buying a Home Becomes More Expensive as Mortgage Rates Rise
Even as real estate developers and analysts eagerly await the spring season which is traditionally the best time of the year for sellers, mortgage rates are rising, following the Fed’s cautious step backwards from its mortgage purchase program. [Read more…]
Don’t Be Afraid of a Down Payment when Buying a House
Those days when it was possible to get full mortgage loans for buying new houses without any down payment are long gone. After the subprime crisis that shook the real estate market, lenders only offer mortgages for purchasing a new house if you have paid part of the purchase amount from your pocket. [Read more…]
Buying a House is Not Always a Good Idea
Many people rush to buy a house the moment they have sufficient savings to make the down payment. The reason given is that paying rent is like throwing away money when you can instead make mortgage payments and create a big asset. But an often ignored fact is that there are a lot of costs involved when you are buying a house other than the cost of the house itself. [Read more…]
