If you’re thinking about buying a home, you’ll likely need a mortgage unless you’re sitting on a large endowment of cash. From pre-approval to interest rates and mortgage insurance, determining and understanding what mortgage suits your needs can be a difficult and complex task. When shopping for a mortgage, it’s helpful to keep a few strategies and stepping stones in mind to help you make the best and most informed choice.
Given what's at stake with buying and selling a house, today's Q&A article is certainly worth the read. Here is a quick preview of the topics that we will be diving into:
Are we in a housing bubble?
Why are home prices soaring?
When is it better to choose a higher interest mortgage with no PMI versus a lower interest rate mortgage that includes PMI?
What are the tax consequences of selling a primary residence at a gain?
So what variables actually played a role in my decision to leave a great income, a highly successful team, and say goodbye to the best boss I ever had? In the end, too many aspects related to my job were totally outside my control and eventually my boss'. So when no improvements seemed imminent, I decided it was time for a change. Quite frankly, I felt like I needed something fresh in order for my career to continue growing.