Mortgage

Mortgage Rates Could Go EVEN LOWER – Here’s Why

July 23, 2010

Before I provide the plausible scenario in which mortgage rates go even lower than the current historical lows, consider a NY Times article from April which proclaimed “Interest Rates Have Nowhere to Go but Up“.  Now that sound pretty authoritative, especially coming from one of the most prolific financial publications in the world.  Unfortunately, many […]

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Should I Refinance? How Much Lower Should Your Rate be to Make Sense?

June 24, 2010

Should I Refinance? That’s a common question that is often answered a little too brazenly by rules of thumb that don’t necessarily make a lot of sense.  It’s kind of like saying “You should buy and house and not rent” or “you should own stocks and not bonds”.  It kind of depends on your personal […]

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House Hunting: New Home Construction vs. Existing Homes

June 15, 2010

For some time, my wife and I have been mulling over a move.  Honestly, our current house is fine and if we never moved, I think we’d be perfectly happy.  However, there are a few drivers that have us considering a move.  Primarily, we want our kids to have the best school experience (Is Private […]

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VA Loans Pending Legislation

June 1, 2010

Amendments to a new bill which is currently making its way through the United States Senate may have unintended consequences for military families who currently own a home or are considering purchasing their first house. Called the Financial Services bill, the piece of legislation attempts to provide additional protection for home mortgage borrowers and close […]

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Strategic Defaults Are Going Mainstream. Shameless.

May 17, 2010

The Term Strategic Default is “the new black” in the world of homeowners who bought in to speculative real estate markets with the bare minimum down payments during the real estate boom.  These are homeowners that are well-paid, employed and completely capable of paying their mortgages, yet they’re walking away from their homes and their […]

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Record Low Rates and Tax Credit Expiry = Home Sale Bargains

May 13, 2010

There’s an interesting phenomena brewing in the affordability of homes for buyers – both of which run contrary to what many experts and the government predicted.  Two things are continuing to move in their favor – mortgage rates and sellers slashing home sale prices. Tax Credit Expires so Sellers Cut Prices The New Homebuyer tax […]

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