With banks tightening up their lending practices due to an unprecedented number of loan defaults and subprime loans issued, purchasing a new home might be difficult for many. However, if you own a home, moving forward with a low mortgage rate refinance means enjoying the incredibly low interest rates available. Why should you pay higher interest rates while these historically low interest rates are available. The place to start is with online resources to educate yourself on this topic; online research is a great way to begin the process of lowering your monthly housing costs.
Tags: loan defaults, low interest rates, low mortgage, mortgage rate, purchasing a new home, subprime loans, unprecedented number
No Comments // Posted on November 23, 2010 // Finance
What does a sluggish housing market mean to the average home buyer? With banks tightening up their lending practices, purchasing a new home might be difficult. However, with securing a low mortgage rate refinance means you can take advantage of the incredibly low interest rates available. Why overpay on interest while historically low interest rates available. Using online services is a great way to educate yourself on this topic, enabling you to begin the process of lowering your monthly housing costs.
Tags: low interest rates, low mortgage, mortgage rate, purchasing a new home
No Comments // Posted on August 10, 2010 // Finance
Right now you are getting some of the lowest interest rates for CDs we have ever seen. The economy is in such a slump and these low interest rates are hurting anyone with money to invest. This includes seniors who typically like to put their money in risk free investments such as bank CD’s so that they can earn interest income. The news rarely covers the plight of seniors because they are a minority but right now is a rough environment financially for them too.
Tags: bank cd, free investments, interest income, low interest rates, plight, rough environment, slump
1 Comment // Posted on September 30, 2009 // Finance
Interest rates are very low right now and while that helps one segment of the population, it hurts another. People who want to buy expensive things like cars can get a better rate on their loans and so they are happy that interest rates are low. However, anyone with money to invest who wants to do it safely will not be getting a rate they are happy with. Right now the best money market rates and CD rates are so low that those who count on interest income to pay some or part of their bills are in big trouble. Older folks and retired people usually have much of their money invested in these safe vehicles that are right now paying very little. This is putting tremendous stress on that part of the population with no end to these low rates in sight.
Tags: best money market rates, big trouble, cd rates, interest income, low interest rates, money market rates
No Comments // Posted on August 21, 2009 // Finance
Whether or not it is a lakefront Washington cabin in the woods, a holiday home regularly appears to be a dream that only the rich can afford. But today, you do not need to be a millionaire to have one. A national survey shows the average household salary of second-home owners is $46,500. With today’s continued low interest rates, the tax advantages a 2nd home can bring, and a large choice of areas experiencing solid home price appreciation, this is a glorious time to think about buying a second home or Washington log cabin as an investment and a great getaway place.
When hunting for your 2nd home, don’t forget to research the area entirely. Ask a Realtor and the local chamber of commerce to provide info packets, maps and leaflets. Take a little bit of time to visit the area many times some months before and during its top season ( s ). Are the crowds unbearable? Is the weather unpredictable? Talk with a local Realtor per past and current home costs of a Washington mountain cabin.
Tags: cabin in the woods, getaway place, glorious time, home price appreciation, info packets, local realtor, low interest rates
No Comments // Posted on August 2, 2009 // Travel