A quiet past week in economic news caused mortgage rates to worsen slightly. This week, however, will be packed with economic reports which may have an impact on interest rates going forward. Freddie Mac reported that the average rate for a 30-year fixed rate mortgage rose by 3 basis points from 3.53 percent to 3.56 …
Avoid Monthly Private Mortgage Insurance on Your Home Loan
Have you heard the term Private Mortgage Insurance (PMI) when looking into financing your new home? Maybe you have PMI now on your current home loan. In either case this blog post is for you! You may be wondering what PMI is and how to know when you need to purchase it or are allowed to get …
3 Common Myths About Real Estate Short Sales
There is a lot of misleading and incorrect information about Springfield real estate short sales. Many people don’t have a clear understanding of the purpose of short sales or how they actually work. Essentially, a short sale is when one sells their home for less than the balance remaining on the mortgage attached to the property. …
Why Buying Real Estate Can Be A Smart Financial Move
Buying Nixa real estate, a Springfield home or anywhere in the Ozarks doesn’t just give you a place to live; it can also be a very smart financial move. This is because owning a home can be like having a forced savings account, which you are committed to for the long-term. Consistent Saving On Autopilot Sometimes …
Tax Breaks Granted By The 2012 Fiscal Cliff Negotiations
There was plenty of discussion and debate leading up to the New Year’s looming “fiscal cliff”. Ultimately, the event was avoided, but not before legislation was passed which may benefit homeowners in Nixa and nationwide. If you have yet to file your 2012 taxes, take a minute to review the tax limitations and credit extensions, …