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Introduction Purchasing a home is often one of the biggest financial commitments you’ll ever make. Yet, for many, the details of mortgage costs—both upfront and monthly—can be confusing. This guide breaks down each of the mortgage costs, shows how to calculate your total expenditure, and compares potential savings between different interest rates (using 4% vs. …
Continue reading “Mortgage Costs Explained: A Complete Guide to Fees, Payments, and Savings”
Introduction If you’ve ever heard friends or family in your life talk about buying a house, you’ve probably heard the term “mortgage rate.” But what does this really mean, and why is everyone so concerned about it? To help, we’ll break down the basics of mortgage rates (in a way even a middle schooler can …
Continue reading “Understanding Mortgage Rates: A Simple Guide”
Purchasing a house is a significant milestone, and it’s important to understand the financial aspects involved. In this blog post, we will explore the finances of purchasing a house in three different states: California, Minnesota, and Texas. By examining the average house prices, mortgage rates, taxes, fees, and future costs, we will provide a comprehensive …
Continue reading “The Finances of Purchasing a House: A Comparison of 3 States”
“US Housing Market Posts $2.3 Trillion Drop, Biggest Since 2008” was a recent headline from Bloomberg. Yahoo finance reported that “the total value of San Francisco homes fell 6.7% in December, to $517.5 billion, a $37.3 billion decline year over year.” That’s a whole heckuva lot of money! Should the everyday homeowner be worried? To …
Continue reading “Should you be worried about the Real Estate Market?”
