Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a y...
While it's true this provides incentive for buying sooner rather than later, it also provides hope for folks needing to refinance. Even though rates may not currently be as low as they were 18 months ago, the increased equity can be leveraged to pay-off debts like HELOCs which have an adjustable rate & no longer have their interest tax-deductible. Let me know if I can help do the math with you to see if this could lower your payment and improve your financial situation.
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Since every person's situation is unique, we'll customize your list of documents and streamline it as much as possible so that your loan meets the guidelines. Don't let the paperwork keep you out of ..
Here's a little perspective for our fear of rising rates. While interest rates are important, so are a lot of other factors that will make a loan work in your favor. Let me know if I can help struct..