The following eight are things that you need to consider before listing your home for sale if you are delinquent on your mortgage payment.  The list is from a Prudential Northwest Properties’  disclosure.  There are some serious ramifications to some of the options which is why “you may need the assistance of an attorney” shows… Continue reading Some Options If You Are Delinquent On Mortgage Payments

The Federal Reserve held interest rates today. What does that mean to a buyer? A 30 year loan at 6% interest costs $500 per month per $100,000 borrowed in interest. Add .25% and the payment goes up to $520.83. On a $400,000 loan, that’s an additional $999.84 a year in interest payments. A drop in… Continue reading How Do Rate Changes Affect Mortgage Payments

I wasn’t a Realtor when interest rates were in double digits and we’re a long way from that now but rates do matter.  In January of 2010 a 30 year mortgage was quoted at 4.75% for a qualified buyer.  In November, it was 4.25% and today is back to 4.75% (note that these are base… Continue reading Mortgage Interest Rates Tick Up