Most new homeowners think that their financial obligations when buying a new home ends when they sign a mortgage agreement. However, the journey to monthly mortgage payments only begins when closing costs are finalized. Closing costs are the numerous fees, expenses, and services that must be paid before a home sale is complete. A prospective […]
Yes, you can chop tens of thousands off your mortgage — without writing a big balloon payment check or forgoing a windfall to pay principle. The trick is to make biweekly payments, rather than one payment a month, for the life of the mortgage. The strategy is easier said than done for most mortgage owners. […]
We’re all told that owning a home is the American dream, since renting an apartment means realizing someone else’s financial dreams. Still, no one ever mentions the nightmare of mortgage payments. The average cost of a new home in late 2019 was about $363,000. As of today, that cost could be as high as $400,000. […]
