Eric Shabshelowitz

The 50-Year Mortgage: What's the Buzz?

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Over recent weeks the concept of a 50-year fixed-rate mortgage has been gaining national attention in the U.S. housing and finance debate. While the standard in the U.S. has for decades been 30-year (and sometimes 15- or 20-year) amortizing loans, the suggestion now is to offer homeowners the option to stretch the loan term to 50 [...]

Why Renter's Insurance is a Smart Investment

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When you move into a new apartment, you think about setting up utilities, decorating your space, and getting comfortable in your new home. What many tenants overlook, however, is renter’s insurance – a small monthly investment that can make a huge difference in protecting both your finances and your peace of [...]

What are Mortgage Discount Points?

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Discount points are a one-time fee paid at closing to a lender in exchange for a lower interest rate.  Put more simply, it is a one-time fee that you pay up-front to “buy” a lower interest rate for your mortgage.  During periods of high interest rates, they are a popular way for borrowers to make their monthly payments [...]

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