In this Issue:* Step by Step Closing for Buyers and Sellers Time For a Year-End Tax Review Don’t Wait For Interest Rates to Bottom Out (Your comments are welcome at the bottom of our newsletter) Step by Step Closing for Buyers and Sellers When you have found the home of your dreams, or sold your […]
Mortgages Could Be Getting More Expensive
Remember the days when buyers could qualify for a mortgage loan by putting down 3 percent? How about the days when mortgage lenders passed out no-downpayment loans? Mortgage loan financing has changed dramatically since then. Today, the majority of traditional mortgage lenders are requiring that future homeowners come up with a down payment of 20 […]
Have Interest Rates on Mortgages Hit Rock Bottom?
The interest rates on mortgage loans have been moving in a downward direction for the past few years. Recently, the rates even fell below the five percent mark, coming in at about 4.92 percent on average for a 30-year fixed rate loan. This leaves many financial experts and consumers alike wondering if the interest rates […]