A HOMEOWNER is making $40,000 every year by renting out his unused parking spot – it helps people avoid being towed or ticketed. To help pay his mortgage on a house in a coveted coastal city, a man rents out his parking space. A website that’s allowing homeowners or property owners to rent available parking
As homebuyers grapple with record prices this spring, mortgage rates have also crept up. On a 30-year fixed loan, the average rate was 7.39% as of May 1, according to Bankrate’s survey of large lenders, marking three straight months of 7% rates. Blame inflation. It’s still stubbornly elevated, rising to 3.5% in March, and that’s
AN EXPERT financial planner has laid out steps for homebuyers looking to sell, but feeling trapped by low-interest mortgage rates and an abysmal housing market. Homeowners who bought their homes using low-interest mortgages are now finding themselves trapped in “golden handcuffs” as moving would mean assuming mortgages charging double to triple their current interest rates.
A COUPLE thought they set themselves up well for making their big move into a smaller home. But when it came time to downsize, Susan Apel and her husband, Keith Irwin were shocked by how stuck they were when shopping for a new home. Senior couples are struggling to find homes that suit their needs
HGTV stars Drew and Jonathan Scott revealed how homeowners and landlords can combat rising interest rates. In an interview with Quartz, the Property Brothers discussed the impact of interest rates over 7% on the real estate industry. The rise of interest rates have made it difficult for investors to pay their monthly mortgageCredit: Getty Drew
A HOMEOWNER has been left feeling like a prisoner in her own house after she secured a super-low interest rate. Historically low interest rates were one of the best things to come out of the pandemic but some homeowners are now experiencing a phenomenon known as the golden handcuffs effect. A homeowner who was able
SALT LAKE CITY — It’s a difficult time for Utah homebuyers as high mortgage rates are keeping some of them on the sidelines. Mortgage rates sat at nearly 7.4% nationally as of Wednesday afternoon, according to Mortgage News Daily. That’s a difference of hundreds of dollars in monthly payments on a typical Utah home compared
A HOMEOWNER said he has been stuck with $180,000 left to pay on his mortgage despite his older age. David Turoff, 73, explained why he had no regrets about retiring with a mountain of debt. David Turoff said he was stuck with $180,000 in debt as he retired but explained why he had no regrets
UNCLAIMED property experts have unveiled a surprising revelation that the odds of reclaiming lost money may be better than you thought. There are around 33 million people in the US who have unclaimed property and many are not even aware of it. The Unclaimed Property Administrator in WA, Patti Wilson, and President of NAUPA insists the
A COUPLE has revealed the tiny home build that helped them become mortgage-free. The pair created what’s known as a “barndominium,” a barn-style structure with metal sheet siding converted into a fully furnished living space. A couple used a barndominium DIY kit to build their new family homeCredit: YouTube/Dreaming on a Dime It’s fully furnished