If you’re young and you rent, you may want to reconsider what you owe. According to the US Census Bureau, renters will spend almost $100,000 on rent by the time they hit 30 for a ten year period. That’s 45 percent of your income. Why is that number kind of backbreaking? Because that’s more than

How does a Rent-to-Own Agreement Work?

We hear the term “rent-to-own” often, but do you really understand what it involves and how it could work for you in purchasing a home? Rent-to-own, also known as a lease option, is a contract that allows renters to lease a property and, at the end of the lease (usually one to three years), have
The Reserve Bank of India late Monday basically made it more expensive for banks to borrow funds, which in turn means that they will have limited cash to lend to

Home Loans That Sting

In 11 of the 13 loan categories tracked by the American Bankers Association, delinquency rates fell in the first quarter of this year from the previous quarter, according to data released July 9, a debt is considered delinquent if a payment is more than 30 days late. Delinquency rates rose in two loan types: mobile-home
During the heady days of the most recent real estate boom, people were using their homes as a piggy-bank drawing against the equity to fund vacations, make big-ticket purchases, take out other loans, or for debt consolidation. This strategy seemed to be working until home prices tanked, leaving many people with home equity loans or
Mortgage buyer Freddie Mac said the average rate on the 30-year loan dropped to 4.37 percent from 4.51 percent. Mortgage rates remain low by historical standards. Low rates have helped fuel a housing recovery that is helping to drive economic growth this year.   http://www.mysanantonio.com/business/article/News-Summary-US-rate-on-30-year-mortgage-declines-4672644.php
Refinancing activity is now the lowest since July 2011.   http://www.bizjournals.com/washington/breaking_ground/2013/07/mortgage-refinancing-slumps-to.html