Last week brought news from the Fed as two Federal Reserve Bank Presidents made speeches and the Federal Open Market Committee (FOMC) of the Fed released the minutes of its last meeting. The minutes reveal the Fed’s intention to wrap up its bond-buying program in October with a final purchase of $15 billion in mortgage-backed securities (MBS) and Treasury bonds
How Does An Interest-Only Mortgage Work?
October 2, 2013 by
When you have been researching your different options for a mortgage on your home, you might have heard of an “Interest-Only Mortgage”. What exactly does this type of mortgage mean and how does it work?
What You Need To Know About Mortgage Insurance
September 11, 2013 by
If you are on the verge of buying real estate, you’ve probably heard the term Private Mortgage Insurance. Mortgage professionals talk about it a great deal, but you may be asking, “What is it exactly? And why should I care?”
What Happens If You Find Your New Home Before You Sell Your Old One?
September 3, 2013 by
What happens if you find the dream property that you want to buy before you have made the sale on your old property? Here are a few ideas to keep your purchase transaction together.
