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About five years ago we worked with some clients coming to Austin from California. I was a little shocked by their choice of mortgage - a 100%, interest-only loan. At the risk of sounding a little backwater, I asked them, "Why would you not want to pay off your loan?" Their answer was, "We both have MBA's." I assumed that meant that they were better informed than I. And, I am sure that was true. But, I still wonder (for non-MBA's), is it better to pay off your mortgage? It is true that a ...
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One of the most multifaceted and important monetary proceedings in people's lives are buy or sale of a home or investment properties, because of this complication and connotation, people characteristically seek the help of real estate brokers and sales agents when buying or selling real estate properties. Real estate brokers and sales agents have systematic information of the real estate promote in their community. They make out which neighborhoods will go best with clients requirements and ...
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There are many economic and market forecasts and predictions, however the bottom line is if you want to buy your first home—there is no wrong time. There is because the motivation to buy is not determined by regional market conditions or by location. Industry opinions, economic reports and investor speculation do not sway or predict when a particular individual will be ready to buy. For the great majority of folks, the most compelling reasons to buy a home are based on individual ...
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