Posts with tag affordable home

A major cause of the recent housing crisis is the number of homeowners who ended up purchasing property and saddled with loans that, it turned out, they couldn't really afford. To avoid that trap, some key questions in determining how much home you can afford are: How much can you pay monthly? What are... Continue Reading »

Danny Kofke, a special education teacher and father of two who lives just outside of Atlanta, Ga., saw interest rates drop and decided to make his move. Twice. Kofke refinanced his mortgage twice in the past three years, switching from a 30-year fixed-rate mortgage at 6.5 percent to a 20-year mortgage at 5.5 percent in... Continue Reading »