28 Feb 2020
By Aadil Nathoo

Should I Pay Off My Mortgage Or Invest the Money?

Mortgage, ,
To understand what to do with a windfall or extra disposable income when it comes to paying down a mortgage or investing the money, we need to discuss and understand the concept of opportunity cost. What Is Opportunity Cost? The concept of opportunity cost takes into consideration the total financial impact of the use of funds when applied in different ways, to be able to compare the effectiveness of how it is best to use them. The opportunity cost considers the risks involved, the potential reward, as well as the tax implications of the choices. Risk Versus Reward Evaluation All…
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27 Feb 2020
By Aadil Nathoo

Find The Best Mortgage Deal With A Few Simple Steps

Mortgage, ,
Currently, this is a great time to be in the market for a new home. The interest rates on mortgages have fallen countless times over the past few years. Even though interest rates have been in the double-digits in the past, there are homeowners today who are able to agree to a mortgage for less than three percent.  Despite the low interest rates, it is still important to get the best possible deal. There are a few simple steps that everyone should follow to get the best mortgage deal possible. Know How Much You Need The first step is to…
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26 Feb 2020
By Aadil Nathoo

Ensuring Home Contractors Are Following The Rules Under HICPA

Mortgage, ,
There are many homeowners who hire contractors to make repairs or upgrades on their homes. It is critical for home improvement contractors to follow all rules and regulations set forth by the law. These regulations have been set forth under the Home Improvement Consumer Protection Act, or HICPA.  An Overview Of The Home Improvement Consumer Protection Act The Home Improvement Consumer Protection Act was put forth to ensure that homeowners and contractors come to an appropriate agreement. Some of the rule and regulations that are included in the Home Improvement Consumer Protection Act include: All contractors need to obtain a…
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25 Feb 2020
By Aadil Nathoo

3 Tips to Find the Best Neighborhood to Live In

Mortgage, ,
The vast majority of people are going to move at least once in their life. Moves can vary in distance. Sometimes, these moves are across town. Other times, they might be across the country. Regardless of the distance, is important to find a neighborhood that fits both the budget and lifestyle. There are a few tips to keep in mind. 1. Consider Renting First Even though there are powerful electronic tools that can help a family narrow down their potential landing spots in a new city, it is impossible to be 100 percent certain that the community is a comfortable…
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24 Feb 2020
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week -February 24th, 2020

Financial Reports, ,
Last week’s scheduled economic reporting included readings on builder confidence in housing markets, housing starts and building permits issued and sales of previously owned homes. Weekly readings on mortgage rates and first-time jobless claims were also released. NAHB: Builder Confidence Remains Strong Despite Challenges February data from the National Association of Home Builders indicated strong builder confidence in housing market conditions overall, but February’s index reading was one point lower at 74. Readings over 50 indicate that most builders have a positive outlook on housing market conditions. Homebuilder outlook remained positive, although building materials and buildable lots remained costly. Demand…
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