Jan 6, 2023 | Real Estate, Real Estate Finance
By Daniel Bortz Dec 5, 2022 (Getty Images) An interest-only mortgage is a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. Most interest-only...
Jan 4, 2023 | Real Estate, Real Estate News, Trends
By Clare Trapasso Jan 4, 2023 (Realtor.com / Getty Images) Q: Is 2023 the year to finally buy a home? That depends. There are some signs indicating that it might be getting easier for many folks to buy a home. Inventory levels are still low, but there are...
Dec 30, 2022 | Real Estate, Real Estate Finance
By Audrey Ference Nov 28, 2022 (pawel.gaul/iStock) The annual percentage rate, or APR, is how much you’ll pay in interest and other fees when borrowing money (e.g., when you get a mortgage loan or a credit card). APR can also be considered the...
Dec 28, 2022 | Real Estate, Real Estate News
By Meera Pal Dec 27, 2022 (Getty Images) Many renters crave the extra bedrooms, laundry facility, and backyard big enough for a pair of swings and a slide that single-family houses provide. But they’re facing a for-sale market with still-high housing...
Dec 22, 2022 | Real Estate, Real Estate Finance
By Kimberly Dawn Neumann Nov 28, 2022 (Getty Images) With mortgage interest rates near 7% and home prices hovering at a national median of $425,000, many homebuyers might be wondering how they’ll be able to pay for a property, and searching...