To determine if paying mortgage points is worthwhile, perform a breakeven analysis using APR. APR reveals the loan's true cost by including points and fees. The breakeven point is the…
The difference between APR and interest rate is crucial for mortgage decisions: the interest rate is solely the cost to borrow, determining monthly payments. APR, however, represents the total annual…
Common causes of an underwater mortgage include declines in home values due to shifts in supply and demand, rising interest rates, economic recessions, and overbuilding. Local factors like major employer…
TA property assessment is your local government’s estimate of your home’s market value, used to calculate your property taxes. If the assessment seems too high, you can file a property…