Why buy a home when you can rent?

Why buy a home when you can rent?

Interest rates for home mortgages are still at historic lows. Even everyone expect the Federal Reserve to start hiking interest rates, current rates are an incentive for those who are looking to buy a home. Here are other advantages of buying a home. Equity: As the value of home increases over time your mortgage debt …

New housing construction forecast for 2015

New housing construction forecast for 2015

The US economy is showing perfect conditions for more housing construction in 2015. The growing economy, lower mortgage rates, ever increasing household formation and increasing demand for hosing creates fertile ground for new housing constructions. The disappointment that the country experienced at the end of last year when we add up all the units constructed …

Making your home retirement proof

Retiring with a mortgage is one painful impact that we all face. If you want to maintain a home when you retire with a mortgage, few options are available for you to consider in lowering your single biggest expense during the retirement. Your mortgage should not exceed more than 40 percent of your retirement income. …