Steve Cook
Since 2009, Steve has been the editor and co-publisher of RealEstateEconomyWatch.com, which was named as one of the top national news sites dedicated to residential real estate by the National Association of Real Estate Editors. Steve has represented and written about hundreds of domestic and international companies as well as foreign governments, national trade organizations and political campaigns. He has worked with many of the leading online real estate companies, including Move Inc., ForeclosureRadar, MRIS and Closing.com. Steve also served as vice president of public affairs for the National Association of Realtors. In 2006 and 2007, he was named one of the 100 most influential people in real estate by Inman News Service. He has been a broadcast news correspondent and served two members of Congress as press secretary. He is also a member of the National Philharmonic Chorale. Steve lives in Silver Spring, MD with his wife and two pugs, Jesse and Momo.
You can refinance to lower your monthly mortgage payment, save money with a lower interest rate, and take out cash from your equity for many reasons, including paying off high-interest debt or starting a business.
Condominiums are an excellent choice for young buyers seeking affordable homes accessible to work, retail and entertainment destinations.
For most American households, home equity is the principal form of wealth. Equity is the value of a home minus all debt, such as mortgages and home equity loans.
The vast majority of homeowners with mortgages today have fixed-rate mortgages. They make the same monthly payment every month for the term or the loan, usually 15 or 30 years, unless they sell the home or refinance before then.
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