It is my opinion that this spring, the housing market may be one of the best in years as the economy is trending better than expected, thanks to relatively low rates, a positive wealth effect thanks to the rise in Stocks and the Federal Reserve saying they are not likely to raise interest rate anytime …
The total interest percentage or TIP for short discloses to you how much interest you will pay over the life of your home loan. For example, if you have a $100,000 loan and your TIP is 50 percent, that means you will pay a total of $50,000 in interest over the life of the loan, in …
What is the Total Interest Percentage (TIP) on a mortgage? Read More »
MAKE A PLAN Making sure your future monthly mortgage payments are made on time, will be the most important part of home-ownership, so decide on a monthly home payment that you are comfortable with. Utilize our mortgage calculator to see how much you will pay monthly for P.I.M.I. [principal, interest and mortgage insurance [if any] ]Remember, you …
Buying your first home is a huge decision. At Shirley Adams Financial we want to help make the process as Hassle Free as possible. To help ease the anxiety, we want to provide you with a few tips. Make a plan. Making sure your future monthly mortgage payments will be the most important part of homeownership, so …
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