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Peter G. Miller : OurBroker.com

Archive for Peter G. Miller

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Mortgages: Why The 1 Percent Sometimes Get A Loan

According to the National Association of Realtors the typical existing home sold for $228,700 in August, a curious figure given that a large percentage of all mortgages are substantially larger. Even if we consider new homes, which now have a typical sale price of $292,700, lots of Americans are still in the market for very […]

October 5th, 2015 | | 0 comments | Continued
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Have Real Estate Prices Stalled?

Not only have rising stock prices come to a halt on Wall Street, the same may also be true with real estate prices. While decidedly less visible than the abrupt stock-market losses seen worldwide during the past week or so, there is growing evidence that home values have slowed and in some cases declined. Just […]

August 25th, 2015 | | 0 comments | Continued
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Wall Street, Mortgage Rates & The Web Of Debt

Wall Street is in the midst of the steep sell-off as this is written, but if you look at the world of mortgage rates things are not only looking good they’re looking better than they did a few weeks ago. The yield for 10-year Treasury securities is now below 2 percent for the first time […]

August 24th, 2015 | | 0 comments | Continued
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Real Estate: What Makes A Quitclaim Deed Dangerous?

Can you explain the good and bad of a “quitclaim” deed? I have successful, adult children. I am older, single, with a small mortgage on my home. Is a quitclaim best for my heirs and me, or not? Answer: When it comes to real estate it’s important to know who owns what. With a quitclaim […]

August 17th, 2015 | | 0 comments | Continued
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How Do I Start As A Real Estate Agent?

Question: I have recently become a real estate salesperson. The idea of easy money in real estate is ridiculous. Realistically, how do I get started and get the experience potential clients ask about? Answer: Every successful real estate professional at one time had just as much experience as you do, none. They too faced that […]

July 20th, 2015 | | 0 comments | Continued
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Real Estate: Big Wedding Or House Down Payment?

Question: We’re getting married and rather than registering for gifts we would prefer cash to help save for a down payment. Some of our relatives think this is nontraditional and maybe unwise. What do you think? Answer: Stick to your guns. According to one study the typical wedding now costs almost $30,000 by the time […]

July 13th, 2015 | | 1 comment | Continued
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Real Estate: The Sane Person’s Guide To Moving

Moving is not the world’s worst experience but it certainly is in contention. I know this to be true because for the past several months my family and I have been packing a home occupied for almost 30 years, a property which now resembles an archaeological dig and contains more boxes than a shopping mall. […]

June 8th, 2015 | | 0 comments | Continued
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Are FHA Mortgages Really Insurance?

Question: Is the FHA mortgage program really insurance? Or is it a guarantee? What’s the difference and how does the distinction impact mortgage borrowers? Answer: The FHA mortgage program sure seems like insurance but there’s also a case to be made that it isn’t. First, a little explanation is in order. An “insurance contract” can […]

June 1st, 2015 | | 0 comments | Continued
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Is It Time To Downsize Mortgage Debt?

Question: We want to buy a first home. We have a joint income of $80,000 a year and no debts of any kind. A loan officer says with $25,000 for the down payment and closing costs we could get a $250,000 mortgage. We have the cash but our problem is the monthly cost: $2,000 — […]

May 11th, 2015 | | 0 comments | Continued
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Real Estate: The $100 Million House Is Here

Homes selling for $100 million or more hardly seem real. Isn’t $100 million the type of number usually associated with a missile defense program or the national debt of a small UN member? And yet they’re here. According to the latest luxury homes report from Christie’s International Real Estate, “more properties than ever were both […]

May 4th, 2015 | | 0 comments | Continued