Thursday, December 24, 2015

Small Fed Move Doesn't Mean You Can't Buy a Home

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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

On the road! Man converts 189-square-foot school bus into a home — see inside





They say home is where the heart is, and for 29-year-old Patrick Schmidt, that can be literally anywhere across the country thanks to a 1990 school bus he lovingly converted with his parents.



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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate




Monday, December 21, 2015

Wednesday, December 16, 2015

The Fed just raised rates! What does that mean for my mortgage? - Quartz



For the full implications of the Fed’s decision, see Quartz’scomprehensive explainer from Tuesday (Dec. 15). But right now let’s narrow the focus: What does an increase in the federal funds rate mean for your mortgage?


If you’re a home owner with a standard 30-year fixed-rate mortgage:


Nothing! That’s the beautiful thing about the “fixed rate”






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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Thursday, December 10, 2015

8 Ways the Federal Funds Rate Hike Could Affect You

A bump of 0.5% in your interest rate would raise your principal and interest payment to approximately $912/month. Therefore, a jump in mortgage rates could not only decrease mortgage affordability but shut some potential buyers out of the housing market completely.







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