Posts Tagged: condo mortgage

How Much Should Interest Rates Affect Your Decision to Buy?
How Much Should Interest Rates Affect Your Decision to Buy?

How Much Should Interest Rates Affect Your Decision to Buy?

  |   By AuthorMy First Apartment
By Ali Donoghue Like it or not, if you need a mortgage to buy a condo, you need to understand interest rates. Your interest rate – together with the size of the the loan – determines the amount of monthly payments when you take out a mortgage on your home. So, for example, if you…
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How Does a Mortgage Work?
How Does a Mortgage Work?

How Does a Mortgage Work?

  |   By AuthorMy First Apartment
If you’re buying a place, you’re almost certain to need a mortgage. Here’s the lowdown on mortgages. A mortgage is a loan. In the most basic sense, that’s all it is – it’s a loan that allows someone to buy real estate. Like all loans, mortgages have interest rates. In other words, if you take out a…
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ARM vs. Fixed: How to Decide Which Mortgage Is For You?
ARM vs. Fixed: How to Decide Which Mortgage Is For You?

ARM vs. Fixed: How to Decide Which Mortgage Is For You?

  |   By AuthorMy First Apartment
When you start looking for your first mortgage you’ll be introduced to a whole slew of new terms and abbreviations: Conventional fixed, ARM, FHA and PMI.  Get your bearings by Googling each term and checking here about mortgages in general. But, even if you know what each term means, you’ll still need to decide which…
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