Find Out How Much House Can I Afford With my Salary

Now that winter is almost over thousands of people will begin actively searching for a home. If you’re one of these people the first thing you want to ask yourself is, How much house can I afford with my salary This is important so that you don’t set your expectations too high and find the right home that can reasonably fit in your budget. This can be done fairly easily by plugging your personal income numbers into a mortgage affordability … [Read more...]

What Will Happen with Mortgage Interest Rates in 2016

Last year Freddie Mac reported that their lowest 30 year fixed-rate mortgage rates hovered between 3.59% and 4.09%. This is the least amount that rates have moved during a calendar year since 1998. And the continuation of low rates has helped consumers, in particular first time homebuyers. With rent prices rising and mortgage payments staying relatively the same those debating whether to own their own home have begun to see that home ownership … [Read more...]