No matter where I go, people always ask me two questions, "How's the market?" and "Is now the right time to buy a home?" My answers are always the same not because I'm being a salesmen, but because I'm telling the truth when I say, "Great, interested buyers are buying and sellers are selling."

When it comes to a home loan, the interest rate is a very important factor.It can make all the difference between being able to afford the home of your dreams and having to settle for something less.

Of the many different types of home loans out there, interest only loans are one of the more unusual types. Although they are not much in use any more, you may still run into the option. You should know what they are all about before you even consider one.

One of the most important factors to consider when buying a new home is affordability. As a general rule, mortgage payments should not exceed 25- 30 percent of your monthly take-home pay.

There are a number of factors that can contribute to the affordability of a house and, as a potential homebuyer, its important that you know what type of mortgage payments are within your budget.

Finding the perfect home is a task, but shopping for the best home loan can be even more tedious. With so many lenders promising low rates, closing costs and little or no down payment requirements, its often difficult to know which way to turn.

With all the financial decisions that need to be made when purchasing a home, choosing the options that make the best sense for you can seem overwhelming.

If you are in the market for a new home, or it is time to refinance your mortgage, there is no doubt you have been looking at the current interest rates.