This seems to be the biggest question I get these days. Some think that house prices will magically drop 20-40% in the next year or so. Some think that interest rates will drop over the same period and it will cheaper to get into their own home when that happens. Some dont believe that rents [...]
You have heard the term, maybe on the radio, in a newspaper or in the news. Stress Test. But what is it exactly? A mortgage stress test is a way of determining exactly how much you can afford (and under what circumstances). If your income was reduced or you lost your job, could you still [...]
Rising prices, shorter amortization and tougher lending rules are making things so much tougher for anyone (not just the first time homebuyers) to get in to the housing market these days. Forget that life as we know it today includes debts, credit issues, inflation and likely smaller salary increases then we would like to see, it [...]
