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Why The Mortgage APR Is Too Low

The mortgage APR is generally higher than the nominal interest rate but is it high enough? The answer is “no” and here’s why: One way to look at the APR — the annual percentage rate — is to have an interest level of 4.2 percent and points and fees of $5,000. In this situation — […]

September 29th, 2014 | | 1 comment | Continued
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Can I Still Get A Jumbo Mortgage?

Jumbo mortgages are big loans, generally more than $417,000 in most areas but greater than $625,500 in “high cost” markets. Because of their size do not meet conforming loan standards or FHA rules and that should make them both hard to get and more expensive than other residential financing but that’s not the case: According […]

September 22nd, 2014 | | 0 comments | Continued
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12 Ways To Get Jobs When You’re Over 50

The job market is tough today, especially when you consider that the government’s inflated and expansive definition of a “job” includes part-time employment, temporary work and even unpaid work for the family. Jobs are important in terms of real estate and mortgages. It’s tough if not impossible to finance or refinance real estate without a solid […]

September 1st, 2014 | | 1 comment | Continued
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How Long Can Mortgage Rates Remain So Low?

Mortgage rates have been far lower than expected in 2014, rates which should have resulted in booming home sales and rising real estate values. However that has not been the case. Instead what we have is a weird situation where mortgage rates remain in a trough and potentially might even go lower. It was originally […]

August 18th, 2014 | | 0 comments | Continued
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Real Estate: Why Paperwork Should Be Paper

Millions of settlements will take place this year and a growing number of them will involve the use of electronic documentation, a development which will be cheered by those who hope to speed the closing process and save a few trees while we’re at it. Unfortunately, and I don’t mean to dash anyone’s hopes, the […]

July 28th, 2014 | | 0 comments | Continued
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Should Real Estate Drones Be Banned?

Drones are coming to real estate. Indeed, they’re here now, you can easily find examples of their use online, and that raises some questions: Are they safe? What about privacy? Do you want someone’s drone flying over your nicely-fenced backyard? Drones are hot — 43 states introduced some type of drone legislation in 2013 according […]

July 21st, 2014 | | 1 comment | Continued
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Why Real Estate Prices Soar — And Fall — At The Same Time

The real estate market continues its divided course and there’s no better example than existing home sales: According to the National Association of Realtors transaction volume in May increased 4.9 percent when compared with April — but were down 5.0 percent when compared with May 2013. The grim reality is that when experts talk about […]

July 7th, 2014 | | 0 comments | Continued
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Real Estate: Vet Faces Foreclosure For Flying American Flag

On no, it’s happened again. A homeowners association is irate because someone is flying an American flag. According to various news reports 73-year-old Air Force vet Larry Murphree is allegedly facing foreclosure because of the manner in which he displays the American flag at his Florida condo. Murphree has a small flag in a flower […]

June 30th, 2014 | | 0 comments | Continued
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Real Estate: Why Neighborhood Crime Stats Are Wrong

Crime is a big problem and in the process of considering a move to a new city I wanted to see if I could compare crime rates between ZIP codes. I found a lot of numbers online and then stumbled onto a bastion of data sanity as well as a way to save nearly $150 […]

June 23rd, 2014 | | 0 comments | Continued
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Real Estate: Why Middle Class Homes Aren’t Selling

Despite the hopes of many the real estate marketplace has not returned to the era of rising prices and expanding home sales. The certainty that once powered real estate sales, the view that real estate was a sure and certain investment, one steady to grow in value, is no longer widespread. To understand what’s going […]

June 16th, 2014 | | 1 comment | Continued