That's because the 6 % return you get on
your mortgage is a sure thing, and the 8 % return on your RRSP is not.
Not exact matches
Unlike a fixed - rate
mortgage, an adjustable - rate
mortgage isn't a
sure thing.
When you
're calculating how much that would
be for you,
be sure to include
things like rent or
mortgage, utilities, phone bills, food, cable, health insurance, etc..
You can do multiple
things with your spending plan, but make
sure a massive
mortgage payment isn't dragging you down.
When you consider that inflation has averaged 2.94 per year over the past 30 years, and that current
mortgage rates
are just 0.68 percent higher than that, it begs the question: Why would a lender commit to earning barely more than the long - term inflation rate for the next 30 years, unless getting paid back
was close to a
sure thing?
Mortgage brokers
are like the date your sister set you up with: they sound exciting, but you
're not really
sure if this will
be a good
thing.
In today's
mortgage market once you know you
are credit qualified for a conforming
mortgage, jumbo
mortgage, or super jumbo
mortgage the most important
thing to have
is making
sure that your property you
are purchasing or refinancing has good comparable sales.
The best
thing to do
is to have a loan consultant or
mortgage banker pull your credit prior to buying a new home and make
sure that your scores
are good or see if they need to
be improved.
The last
thing you want when renewing your
mortgage is a surprise, so make
sure you know all your options before committing to one.
Our 4, 5 and 7 - year
mortgages let you take advantage of today's rates, while enjoying long - term security knowing the rate you sign up for
is a
sure thing.
Our
mortgage advisers
are on hand to make
sure switching to another product
is the right
thing for you and can recommend the most suitable product for your circumstances.
For the minimal rate difference between 15 and 30 year
mortgages, it
sure boxes you in and makes
things riskier (the monthly payments
are way larger if you hit hard times).
One
thing for
sure, when you consider how irrational the discussion
is with people trying to justify wiping out the tax advantages of a
mortgage you realize that these politicians
are desperate and they will lie and steal freedom if it gets in the way of their agenda.
The most important
thing is to look at your overall cash - flow situation and make
sure you have enough income to comfortably cover the various 401K loan and
mortgage payments associated with your second home (let alone your first home and other financial obligations).
But one
thing that
is sure is that the VA Home Loan rates
are lower than lower than that of the traditional
mortgage loan rates.
Lastly, when pondering the idea of homeownership,
be sure to remember to include
things like
mortgage insurance, homeowners insurance, and property taxes when using a
mortgage calculator.
I would NOT take a
mortgage to invest in the stock market (even tho I have done fairly well on choosing stocks), it
is just too risky, nothing in the market
is a
sure thing, no matter what anyone says.
Protecting your
mortgage and making
sure your family owns your home upon your death
is one of the most loving
things you can do for your family.
A big
thing is a property, if you a have property and a
mortgage on the home you gonna want make
sure that
's covered.
Rick Shaffer: One of the
things I found
is some
mortgage... You talk to a
mortgage broker about it, and some of them aren't really savvy to this, or if they
are, they really can't run the numbers well, whereas I
'm sure you can sit down and show people basically it
's a relatively simple formula.
Things you'll
be dealing with and paying for in the final stages of your purchase may include having the home appraised (
mortgage companies require this to protect their interest in the house), doing a title search to make
sure that no one other than the seller has a claim to the property, obtaining private
mortgage insurance or a piggyback loan if your down payment
is less than 20 %, and completing
mortgage paperwork.
Jeremy also checked in with us throughout the process with the
mortgage company to make
sure every
thing was going smoothly.
Sure, the overall price of a house might
be higher than usual, but if the monthly payments
are manageable then it
's less intimidating to get into a 30 - year
mortgage (which
is a great
thing for someone selling houses, by the way).
She made bidding, appraisal and
mortgage approval go through without a hitch, helped us get settled in (including helping us with the details of
things like keys and taxes), and followed up numerous times to make
sure that we
were all set.
If you want to find it on your own, they will do that, as well, but the nice
thing about working with an exclusive buyer agent
is that if you need them to, they will look over
things like your good faith estimate and the paperwork that you receive from your
mortgage company or your lender, and make
sure that you
're truly getting the best deal over the life of your loan.
«Predictability
is the hardest
thing to pin down, but you want to make
sure you do the research to make
sure you can afford not just the fees now, but any potential increase or assessments,» says Joseph Pigg, senior vice president of
mortgage finance at the American Bankers Association.