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Lizy Hoeffer

Are interest rates really historically low?

05. 20. 19

If you listen to the news when they talk about real estate you probably have heard phrases like “historically low”, “rates are expected to rise”, and words like “inflation” and “bottom”. It is hard to know when it’s the right time to purchase or refinance since the news is often conflicting depending on who you listen to you. When most banks advertise historically low pricing, they are using data up to 40 years old, and typically only talking about 30...

How to protect your money against inflation!

05. 15. 19

Have you ever head the term "mattress money"? It's a real thing! Sometimes this is money that people literally hide in their mattresses, under the floor board, or even behind sink! But in general, mattress money refers to keeping your cash savings hidden away at home, rather than in the bank. Now I'm not talking about having an emergency supply of cash on hand, but what I AM talking about is keeping a large sum of money, like a nest...

The difference between APR and Interest Rate

05. 06. 19

Why is my “annual percentage rate” (aka APR) higher than my interest rate?⁣⁣⁣ ⁣⁣⁣ This is a frequent question I get asked during the mortgage process, and the answer to this is rather confusing! ⁣⁣⁣ ⁣⁣⁣ The confusion starts with the name Annual Percentage Rate... it implies that this is the “interest” percentage that you pay annually for your house, your car, your boat, (your fill in the blank if it’s financed)... ⁣⁣⁣ ⁣⁣⁣ While that is true to some...