The economy seems to be heating up rapidly, but home loan interest rates are still at historically low levels. Real estate values have climbed a bit across the country, but low interest rates and affordable prices makes for an excellent opportunity for new homeowners to get into their first home before it rates and prices rise higher. According to the recent studies, there were 4 consecutive quarters of homeownership growth where new homeowners outpaced new renters. The solid economic fundamentals are likely responsible for creating this excellent home buying environment. Over the past … [Read more...]
Clever Tips for Paying Off Your Home Mortgage Faster
Paying off the mortgage on your Phoenix home faster not only means that you’ll be able to enjoy the peace of mind that comes with completely owning your property earlier, but you may also save thousands of dollars in interest payments. Below are seven clever tips to help you get your mortgage payments on the fast track. 1. Save for a large down payment Pay as large a down payment as you can reasonably afford. The more you can put down, then the less you’ll have to borrow from the bank. 2. Read the fine print When you are choosing a mortgage, look at the fine print to find out if … [Read more...]
