When you decide you are ready to purchase a home, you are understandably excited. Home ownership is a valuable investment not only in real estate, but also in lifestyle. Along with the benefits that owning a home provides, there are there are also financial responsibilities. There are property taxes to pay, and homeowners insurance to [...]
Posts Tagged ‘Owning A Home’
The 50 Year Mortgage-pros and Cons
Posted by admin on December 27th, 2009
With the 40 year mortgage becoming increasingly common in states such as California, where high home prices make mortgages less affordable for the average home-buyer, the latest mortgage product has been rolled out-the 50 year mortgage. During the 1980s, mortgage interest rates in America topped 18%, prompting the introduction of the 40 year mortgage. [...]
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