Mortgage rates are at historic lows, but these changing rates can and will impact your monthly mortgage payments. Instead of looking at the price of the house, I’d recommend factoring out your potential payments for a better idea of the actual cost and potential savings. To give you an idea, below are two common mortgage scenarios that show the differences between down payment amounts, interest rates, and potential savings by end of term. NOTES: Keep in mind that the payments

In today’s current market, sellers are getting top dollar for their homes while record-low interest rates are helping others lower their mortgage payments. Here’s why it’s time to get your home on the market. 1. Inventory Is Tight Your home is a hot commodity! Currently, it would take about 3.6 months to sell all the homes on the market, a record low figure that does push the market toward sellers. But we aren't actually in a buyer’s or a seller’s market just yet. It is start