Equity, in simple terms, is the difference between the market value of your home and the outstanding amount you owe on your mortgage. Say the current value of your home is $300,000, and your mortgage balance is $200,000; that leaves…
Finding the perfect home is exciting but figuring out how much of your income to budget for monthly housing expenses can be overwhelming. It’s important to remember that budgeting is an essential part of financial planning and stability. Finding the…
Are you looking for an investment that can yield far-reaching returns? Consider homeownership! Over the years, residential real estate has been known to provide a solid platform of wealth and financial stability. However, with current rising interest rates, many people…
Negative equity can be a scary proposition for anyone looking to purchase a home or refinance an existing mortgage. But what is negative equity, exactly? In short, it’s when the value of your house drops below the amount you owe…
There are a lot of factors that go into calculating your monthly mortgage payment. One of the most important is the interest rate that you’re paying on your loan. If you’re looking to lower your monthly payments, one option is…