Should you rent an apartment/house or purchase your own home? The conventional wisdom is a resounding “BUY!” The theory goes that renting simply makes the landlord more money while the renter gets nothing out of it. This is only half true. Of course the landlord makes money, that’s why landlords do what they do. The  … Read more

Are you confused about where an Adjustable Rate Mortgage (ARM) gets the interest rate? Does it seem that the rates are set by the banks? Is there any regulation of these rates? ARMs are based on two figures, an “index” and a “rate”. The “index” is the rate at which the bank can borrow money  … Read more

Estimating Monthly Costs Buying your first home can be a challenging experience. One of the most important things is to know how to properly estimate your financial obligations. That way, you get the most out of your mortgage. So how can a first time buyer know what to expect in payments and exactly where that  … Read more