Knowledge is Power: Understanding Amortization and Mortgage Interest Rates

Have you ever calculated how an increase in mortgage interest rates actually affects your purchase in real dollars?

What’s Up With Down Payment?

I am often asked by buyers, “Why does the seller care about my down payment amount? As long as I am satisfying the building’s down payment requirement, and the bank has approved the loan, aren’t they getting their money at the closing table whether I ‘put down’ 20%, 50% or 100%?” It is a very reasonable […]