Housing

Housing

Should You Refinance Your Mortgage?

If you are a homeowner with a freshly minted sizable mortgage or someone with a seasoned mortgage that you have been paying down for years, the question of whether you should refinance your mortgage probably pops up often. There are several reasons homeowners consider refinancing their mortgage including,   i) taking...
Housing

Buying a Home: Cash vs. Mortgage

The largest purchase you ever make in your life is probably your house and the largest debt you will ever have is probably your mortgage. When you are in the market, looking to buy a house, one of the main things to consider would be whether you are going to...
Housing

Buying vs Renting a House

The decision to buy your first home or continue renting is a complex decision that many households face and the answer depends on a number of factors that are unique to each situation. In this article, we explore several of these factors both internal and external and hopefully help our...
Housing

Why are mortgage rates pegged to the 10 year treasury note?

For most people their mortgage is usually the largest loan they will take in their lifetime and the type of mortgage they take can have a huge impact on their short-term cash flow and long-term assets. A home purchase is a leveraged bet on housing if you only put 20%...
Housing

Home Equity Loans Vs. Home Equity Line of Credit (HELOC)

Home Equity Loans and Home Equity Line of Credit (HELOC) are two types of ‘secondary mortgages’. These help you take out a loan against the equity of your home. Since these loans are backed by your home equity, the interest rates are lower than unsecured forms of credit like credit...