All Posts Tagged With: "negative"
Are Low Mortgage Rates Over?
It’s been quite a week on the mortgage front. According to Freddie Mac, as of last week rates for fixed-rate, 30-year mortgages went from 4.91 percent to 5.29 percent, both with 0.7 points. That’s a big jump for a seven-day period, but let’s have some context here: Last year at this time the same loan [...]
9Jun2009 | Peter G. Miller | 0 comments | Continued
What Is Mortgage Loan Negative Amortization?
We usually think of mortgages as debts that are paid off over time. This happens because monthly payments usually cover interest costs and a reduction of principal. Loans that are re-paid over their terms are called “amortizing” or “self-amortizing.” With some adjustable-rate mortgages (ARMs), however, we can have a situation where monthly payment increases are [...]
31Aug2008 | Peter G. Miller | 0 comments | Continued
How Long Can Negative Items Stay On A Credit Report?
In general, a bankruptcy can remain on a credit report for 10 years while a late or missing payment or foreclosure can be retained for seven years. Under the Fair Credit Reporting Act (FCRA), federal consumer-protection legislation, you can post a 100-word statement disputing any reported item. (Before posting, ask when and how you can [...]
29Aug2008 | Peter G. Miller | 1 comment | Continued
What Is “Negative Cashflow”?
When real estate is bought for investment purposes, investors seek appreciation and a positive cashflow — a higher value over time and cash profits each month. But, it sometimes happens that rental properties produce a negative cashflow — they lose money every month, or they lose money every so often. A property with negative cashflow [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
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