6 truths about no-cost mortgages

Have you heard about no-cost mortgages?  Here are the pros and cons about shopping for one in this housing market: While buyers avoid overcharges, they also pay a higher interest rate “Is shopping for a no-cost mortgage a good strategy in today’s market?” No-cost mortgages are relatively easy to shop because of their simplicity, and …

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Should You Move or Remodel?

When your house no longer suits you, you can move or remodel. Find out which big change is the right investment of your housing dollars. Just about everything else—remodeling costs, the hassle of living in a construction zone, or the ability to live happily without one more bathroom–is a personal preference. After all, your home …

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A minefield of mortgage charges

Shopping for a mortgage would be a breeze if borrowers paid only an interest rate and lenders paid for everything else, embedding their expenses in the rate. The reality is just the opposite: Not only do lenders impose fees of various sorts, but a large number of other players will have their hands in your …

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Online mortgage shopping made easier

The vast amount of information available online about mortgages – such as interest rates, loan benchmarks, prepayment penalties, and the like – can cause home buyers to feel confused and overwhelmed when shopping for a mortgage.  Most surprisingly, a recent survey found that only 61 percent of homeowners surveyed said they comparison shopped for a …

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