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percent : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

All Posts Tagged With: "percent"

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Mortgages: Which Lenders Are Modifying Loans?

Along with the Treasury announcement yesterday that 230,000 borrowers have started loan modification trials, the government also released figures showing the level of modification activity among leading lenders The government looked at loans that were at least 60 days delinquent and then at the number of mortgage workouts which followed. Leading the league was Lake [...]

5Aug2009 | | 0 comments | Continued
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Administration Increases Help For Distressed Borrowers

Some 200,000 people have applied for help under the Obama Administration’s Home Affordable Refinance Program (HARP), but to date the program has been extremely restricted. The problem? HARP has both a refinancing plan for those facing foreclosure and a separate modification plan for those who want to refinance but lack equity. Under HARP, you can [...]

2Jul2009 | | 2 comments | Continued
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Who Won’t Be Helped Under The Obama Foreclosure Prevention Plan

The Obama Administration has come out with a new plan to both prevent foreclosures and to help those who are now struggling with home payments. If you read the documents the Administration has posted to date, you can see that the plan offers real benefits to millions of borrowers and provides for federal cash to [...]

19Feb2009 | | 0 comments | Continued
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How To Budget & Save In Hard Times

Go to any mall and you can see merchants offering discounts, mark-downs and promotions to get those customers through the door. If the malls in my area are any measure, retailing strategies pay off with arena-like crowds and lots of big spending. Given such enthusiastic consumption it seems almost unfair to mention the other side [...]

26Sep2008 | | 0 comments | Continued
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Which Is Better: Real Estate Or Stock?

For a very long time I have made the argument that real estate is undervalued as an investment. Each time I mention this idea I get e-mail from folks on Wall Street who disagree. Now they can write to The New York Times. Imagine that a home was bought for $300,000. Add 5 percent appreciation [...]

10Sep2008 | | 0 comments | Continued
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Is the interest on 125 percent financing deductible?

This is a somewhat complex question. Interest on loans secured by real estate is generally deductible if the acquisition mortgage value is not more than $1 million. Interest is also deductible for home equity loans (second loans) up to $100,000. With 125 percent financing you have a loan that is worth more than the house [...]

31Aug2008 | | 0 comments | Continued
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Second Trusts And 125 Percent Loans

Question: Can I get a second trust if I have 125 percent financing? Answer: No. The problem here is that all equity is already being used to secure the 125 percent financing. There is no equity available to secure additional debt. Technorati Tags: 125, mortgage, percent, second, trust

31Aug2008 | | 0 comments | Continued
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Should we use 125 percent financing to pay off credit card debt?

If the idea is to finance a home and at the same time re-finance credit card debt at a lower rate then one could make the argument — at least as far as it goes — that this is a marginal financial strategy. However, a 125-percent mortgage (or any mortgage) does not limit the ability [...]

31Aug2008 | | 0 comments | Continued