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Mortgage Rates and Financial Repression

Financial repression is a newly-emerging buzzword, the idea that by forcing down interest rates the government is scooping up funds that would have gone to the private sector. Why would the government do this? To paper over the size of the federal deficit and avoid a financial collapse. If this sounds like a strange idea […]

October 20th, 2014 | | 0 comments | Continued
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Why Pay Needless Mortgage Penalties & Late Fees?

Mortgage penalties are a multi-billion-dollar tax on American borrowers, one that you don’t have to pay. This is a case where borrower behavior can completely eliminate mortgage penalties — fees that typically equal 5 percent of the monthly payment. In other words, if you have a $1,500 a month payment the penalty for being late […]

October 13th, 2014 | | 0 comments | Continued
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Real Estate Appraisals and Date-of-Death Values

Real estate appraisals and deceased relatives are never a comfortable match and it doesn’t help that heirs may need date-of-death valuations.This raises the question of how such valuations work and why you may want the highest price possible Question: I had my parents’ home appraised for a date-of-death value, which differed from the assessed value […]

October 6th, 2014 | | 0 comments | Continued
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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