February 2008 - Posts
Getting a windfall and using it to pay off the mortgage sounds like it should reduce the monthly amount owed, but often it doesn’t. Fixed-rate mortgage holders who pay off a big chunk of their mortgage are likely to shorten the payoff period, but
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The best place to get a bargain on a home is an area where there is healthy job growth and more houses available than people to buy them. These are markets “where you have high inventories but pliable borrowers, with lenders willing to deal,”
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Countrywide last week sent mortgage brokers a list that categorized hundreds of counties as "soft markets" with rankings from 1 to 5, in ascending order of perceived risk. In areas rated 4 and 5 -- roughly 100 counties in metropolitan areas
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There are lots of people out there willing to victimize people in financial difficulty--especially when their troubles become part of public record. Beware of offers involving signing over your deed to someone else who promises to sell your home for you--whether
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