Despite predictions that mortgage interest rates were set to rise over the course of 2016, we have actually seen rates hold steady below 5%. Initially, there was a climb to 4% this spring, but over the summer rates dipped back down to slightly below 3.5%.
Perhaps one of the best additions to the business arsenal, the social enterprise model currently sweeping the nation gives conscientious business owners the opportunity to create change like never before. Diners support youth initiatives. Clothing companies create ethical product lines. The list of change-driven businesses goes on and on.
Families who have gone through either a foreclosure or a short sale can testify that it is a daunting experience. In many ways, the two transactions result in similar frustrations and challenges to moving forward financially and realizing home ownership again. Each severely damages your credit and adds specific lengths of time before banks will lend to you again.