Mood of the Market
Unless you are in the very rare position of being able to reliably predict a quantifiable increase in your income over time, get a mortgage that has payments that will stay constant over time -- today's market is just too volatile and unpredictable to plan for appreciation to power your ability to refinance in any short-term time frame.
And then come back next week, when we'll cover the next to last of my moral imperatives for resetting your approach to real estate.
Tara-Nicholle Nelson is author of "The Savvy Woman's Homebuying Handbook" and "Trillion Dollar Women: Use Your Power to Make Buying and Remodeling Decisions." Tara is also the Consumer Ambassador and Educator for real estate listings search site Trulia.com. Ask her a real estate question online or visit her website, www.rethinkrealestate.com.
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New-home loan applications fall
What's Your Home Worth?