The current housing crisis and rise in foreclosures is evidence that at least some consumers failed to do adequate research on mortgage payment calculations and the cost of homeownership. Many of these homeowners have now found out they have obtained home loans that put them in a position of duress do to the high cost [...]
Selectcalculators.com mortgage payment calculators indicated that monthly mortgage principal and interest payments rose across all mortgage products for the week ending June 5, 2009. The monthly mortgage payment on a 30 year fixed rate mortgage with a loan amount of $250,000.00 rose from $1,328.34 to $1,386.71. The mortgage calculator results for the 15 year fixed [...]
Buyer’s remorse is a common affliction for all manners of purchases, but there is no remorse greater than worrying about the most expensive item in your life – your home.
Buyer’s Remorse
True buyer’s remorse is the worrying and wonder that comes after sealing the deal on a new home and a new home loan. You begin [...]
If you are a first time home buyer and need a better understanding of all the ramifications of home buying and home owning, there may be a class for you. Many local groups provide counseling or classes devoted to personal finance, and home buying is a major component of personal finance. You can ask a [...]
For those potential home owners that are wavering between buying and renting, there is more than the pride of ownership to consider. Buying a home comes with additional costs over that of renting, but it also has many more perks than renting. If you’re beginning to itch to buy your own home, be sure you’re [...]
Hickory Point Bank and Trust is a full-service bank providing business and consumer banking services. The bank has eight bank branches in central Illinois. Hickory Point Bank & Trust is committed to consumer and business lending; the bank even has an agricultural services division with experts in farm management, real estate transactions, rural appraisals and [...]