When diving into the real estate market—whether for the first time or as a seasoned buyer—it's easy to get swept up in listings, open houses, and mortgage calculators. But before…
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…