Keys in the Purchase of a Property

In the actual market we can find plenty of properties at really interesting prices. Good buy opportunities for your own home as well as for an investment, to remodel and rent.

How can we choose among this big offer and select the best jewels?
The first point we must take into consideration is location. This is an essential aspect, because that’s something we can’t change, it’s linked to the property. It’s not necessary to buy at the best neighbourhood, but it shouldn’t either be located in a degraded suburb. If possible, near to communications, hospital, university… This makes it easier to rent it or sell it in the future. When we buy our home, we usually don’t think that we will sell it or rent it anytime, but the reality is that it occurs quite often. In these cases we will feel happy if we have bought in a good location.

Full article

img01

Fixed or Adjustable-Rate Mortgage?

There are many options to consider when choosing a mortgage. It’s important to consider and study them all before taking a decision that will determine our life during a great number of years. The main to take into account is if we will choose a fixed or an adjustable-rate mortgage (ARM).

Both ARMs and fixed-rate mortgages have advantages and disadvantages. ARMs have better conditions during the initial years, paying lower rates, which makes them more attractive. Nevertheless, this initial rate is the least important aspect that we should consider, unless we plan to keep the mortgage only 5 or 10 years. If that is not the case, we should take much more into consideration the future variation of the rates during the years.

Full article