Interest-only mortgages can be a risky gamble
Interest-only mortgages are risky in a rising interest rate environment

Over the past decade, as interest rates declined, some homebuyers gravitated towards interest-only loans. However, times are changing, and borrowers should be careful in considering this kind of mortgage loan. During the past two years, many financial lenders have tightened credit standards across most loan types. The combination of the Coronavirus pandemic, supply shortages, inflation…

By Bill Schmick
May 19, 2022

Read More
Small town America is in vogue

The on-going coronavirus pandemic has boosted consumer demand for small town real estate.  Whether that trend will continue with a vaccine on the horizon is anyone’s guess. In the meantime, it could be a godsend for those looking to retire and possibly downsize during this period. The obvious driver in this trend change has been…

By Bill Schmick
November 12, 2020

Read More