Can You Afford Your Mortgage?

April 18, 2010

There are two schools of thought when considering you can afford for a mortgage. One comes from the mortgage lender and is concrete and finite: you can afford a certain amount based on mortgage loan requirements. The second answer is somewhat more flexible and depends on you, the prospective homebuyer. While a bank can tell [...]

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Will Rates Go Up or Down?

April 18, 2010

The price of houses had been rising steadily since January. However, this growth slowed to almost none in recent weeks. It has been predicted that prices will essentially stagnate until more jobs are created. Following this theory, mortgage rates should remain unchanged until the demand for housing (and therefore, the price) increases. This isn’t the [...]

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