What is an assumable mortgage? An assumable mortgage is a type of financing arrangement whereby an outstanding mortgage and its terms are transferred from the current owner to a buyer. This means the remaining balance, mortgage interest rate, repayment period and other loan terms stay the same, but the responsibility for the debt is transferred to […]
Assumable Mortgages: What to Know Read More »
Don’t Panic: Unfortunately, this is too common of a practice. Your have rights, protection and you can regain your credit profile. Just recently, this happened to my son, and he followed the steps below: 1) Contact your credit card companies and banks and inform them of what has happened. Detail what you know, right away.
My credit identity has just been stolen…What to do: NOW! Read More »
Last year, the real estate market was so hot that many buyers had to pay over asking price and struggled to get favorable terms. But today’s housing market is allowing buyers more room for negotiation and discounts. This sets the stage for a potential opportunity. There are signs that inflation is beginning to ease, and
There is an Opportunity Brewing in the Housing Market Read More »
Wait… doesn’t raising rates mean higher prices, and worse inflation? Let me explain. In the most basic sense, inflation is caused by too many dollars chasing too few goods. But inflation can be complicated and rarely is it caused by a single factor. However, basic economics tells us that supply and demand dictate prices in
The Fed’s strategy: the basics Read More »