Deciding whether to move is no easy task. There are many financial and emotional factors to consider prior to taking that next step. However, once the decision has been made, the benefits soon become apparent.
According to the best-selling author of Remodel or Move*, Dan Fritschen, there are several reasons why people choose to move. Perhaps the size of their family has grown and their existing home has become a little too cozy. As children mature, being close to good schools becomes much more important. Job changes can also lead to a desire to move, especially when a commute increases dramatically.
In addition, there are idiosyncrasies that are unique to a particular home and its neighborhood. Is the floor plan in the existing home desirable? While remodeling can help to correct certain issues a homeowner may encounter, a bad floor plan can be insurmountable. Is the yard big enough to accommodate the family pets and a garden? Neighborhoods also vary widely. If a person prefers a neighborhood where the residents are social and kids are out playing during the day, then they would not be happy in a subdivision that is quiet and reserved.
While moving into a new home is no small task, the benefits of finding the right one are well worth the effort.
* Remodel or Move is available in local bookstores and through Amazon.com. Visit www.remodelormove.com to learn more!
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Mortgage Interest Rates* |
Rates as of Friday, 27th March, 2009: |
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Conforming |
APR |
Payment per $1,000 |
Jumbo |
APR |
Payment per $1,000 |
30-Yr. fixed |
4.750% |
4.879% |
$5.22 |
5.625% |
5.716% |
$5.76 |
15-Yr. fixed |
4.625% |
4.849% |
$7.71 |
5.000% |
5.151% |
$7.91 |
7-Yr. fixed ARM |
5.125% |
5.257% |
$5.44 |
5.125% |
5.213% |
$5.44 |
5-Yr. fixed ARM |
4.750% |
4.879% |
$5.22 |
4.875% |
4.962% |
$5.29 |
3-Yr. fixed ARM |
4.750% |
4.879% |
$5.22 |
4.875% |
4.962% |
$5.29 |
5-Yr. Interest Only |
5.000% |
5.131% |
$4.17 |
5.125% |
5.213% |
$4.27 |
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*Rates are subject to change due to market fluctuations and borrower's eligibility. |
Superior Home Mortgage Corp. licensed in DE, FL, GA: Georgia Residential Mortgage Licensee #14511, MD, MI, NY: Licensed Mortgage Banker - NY State Banking Department, NC, PA, SC, VA: Virginia State Corporation Commission License # MLB-566, & DC. Superior Mortgage Corp. licensed in CT, MA: Mortgage Lender License # MC3208, NJ: Licensed Mortgage Banker - NJ Department of Banking, RI: Rhode Island Licensed Lender & Broker, & TN. SHM Mortgage Licensed by the New Hampshire Banking Department |
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