Monday, September 2, 2013 / by Kevin Hart
Thursday, July 25, 2013 / by Kevin Hart
Whether looking for a home in Columbus, OH market or anywhere for that matter you will want to read this article. Prices of homes in Dublin and Olentangy Schools have been on the rise and now rates are going up. If on the fence, the time to buy is now.
According to the BankingMyWay Weekly Mortgage Rate Tracker, 30-year fixed rate mortgages shot up again last week to 4.63% from 4.46%. In May and June, mortgages rates shot to 4.6% from around 3.5% in the past 60 days, to the highest levels since 2011, costing new homebuyers a fortune in the process.
How much are they potentially losing? Let's let the BankingMyWay Mortgage Calculator do the math:
Before May 1
Mortgage amount: $200,000 Term: 30-years, fixed rate mortgage Interest rate: 3.50% Monthly payment: $898.09 Total payments: $323,311.97 Total interest: $123,311.97
Since July ...
Sunday, July 21, 2013 / by Jessica Deubner
PHILIPPE HUGUEN/AFP/GETTY IMAGES - When buying a house, it is important to calculate which mortgage is best for you. Many borrowers are considering adjustable-rate mortgages, which fell out of favor during the recession and recovery.
The Washington Post
by Katherine Reynolds Lewis, Published: July 18
When Brian Bartlett bought a one-bedroom condominium in Rosslyn last month, he asked his mortgage broker to price a range of mortgages, from a one-year adjustable rate to a 30-year fixed rate. The seven-year ARM ended up giving him the best rate without picking an uncomfortably short time frame.
“My decision was pretty much to get the lowest rate possible while also managing the risk,” said Bartlett, who is 29 and single. “It was right in the middle, the sweet spot for where I am in my age and my situation. Seven years from now, I’ll probably be in a much different place financially and in my per ...
Friday, June 14, 2013 / by Robin Blake
Monday, May 20, 2013 / by Kevin Hart
Looking to buy a home in Dublin Schools? Call Hart Property Advisors .... We are your trusted resources in Real Estate for Columbus and surrounding areas!