How Mortgage Rates Work

How mortgage rates are determined and how the money for these mortgages are obtained for the home buyer.

Rent-to-Own at Three Times the Price

Rent-to-own may sound convenient, but if you check the math you will see that it is really just an expensive way to buy. If you aren’t excited by 200% interest, you may wish to find another way to buy your furniture.

Fed Hikes Interest Rates Again

Once again, interest rates continue to spiral upward. Will already squeezed Americans shake it all off and shop this Christmas season or will merchants be forced to slash prices to the bone? It gets interesting!

Don’t Be Scared By Interest Rates

Let’s look at what we have been hearing. That with rates up, homebuyers will pay thousands of additional dollars on their mortgages. For example, on a $500,000 mortgage, an extra .5% in interest rate adds another $160 a month to the payment.

Capital Markets driving the cost of Mortgages

Interest rates and Borrowing are a current hot topic. Banks are keeping rates high at the moment, simply due to risk, but what underlines all this is the cost of lending money between the banks.

Buying a Car and Saving Money

Buying a car can be done fairly affordably if you do your homework ahead of time. Otherwise, you could be spending unnecessary money.