Home Buyer Tips , ,

It’s Not Just a Mortgage: Understanding the Financial Implications of Buying a New Home

When it comes to home ownership, the biggest buzzword of them all is mortgage and it’s often all people think about when it comes to price. While the ‘m’ word will be a large part of the expense that goes into owning a house, it’s important to be aware of all of the other costs that are aligned with having a home. From taxes to utilities, here are some of the other items that you won’t be able to do without once you’ve made the big purchase. The Perils of Property Tax Outside of the mortgage, one of the other…
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Home Mortgage Tips , ,

Worried About Mortgage Rates Going Up? Steps to Prepare Yourself Financially

Mortgage rates have been at record lows for quite some time, making it easy for new homebuyers to finance their dream homes. But what comes down will eventually go back up, and with the world economy expected to rebound in 2016, we're about to start seeing more expensive mortgages. So what can you do to prepare yourself before mortgage rates start to rise? Here are some strategies that will keep you ahead of the game. Start Saving More Money Now If you have a variable rate mortgage, you've benefited from great interest rates that this world won't see again for…
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