Archives for the 'First Time Homebuyers' Category
REFINANCING YOUR MORTGAGE(S)…NOT SO EASY
About this time, just around the holidays, many people look to re-finance their mortgage. Or both of their mortgages. Sometimes to get some extra money for gifts, and sometimes to pay off credit cards.
It has been common, when buying a home and putting down less than a 20% down payment, to use a 2nd mortgage. [...]
The Cure For The Foreclosure Epidemic: Part 5–What Happened to Pluto?
For seventy-six years we were taught that we have 9 planets in our solar system. Pluto, that planet way, way out there, and the last to be discovered, was the ninth. Then, in 2006, we woke up one day to learn that Pluto was no longer. It was recategorized as a dwarf planet, and so [...]
The Cure For The Foreclosure Epidemic: Part 4–They Shoot Horses, Don’t They?
Seems like you’ve been waiting for a new season of The Sopranos? Yes, I have been away from my blog, and hope you understand.
I recently watched the film, “They Shoot Horses, Don’t They?” which is about a lot more than a dance marathon. I highly recommend it. The story does center around a dance marathon [...]
The Cure For The Foreclosure Epidemic: Part 3–The Room
The real emotions of buying a home begin with The Room.
The room, as I call it, is the place where you, the borrower of a loan, and the loan officer, the person who is assisting you in getting the loan, meet. By place I should almost say space, but really, it is how you meet the [...]
Attention Mortgage “Shoppers”: Interest Rate Is The Last Thing To Discuss
I know, I know. You want to know the rates for today (aka rates du jour). I can’t tell you that. And: I won’t tell you that. Not on the phone, not without meeting with you and reviewing your financial documents, and not without discussing programs and how to structure the loan (and there could be [...]
I Was Kidding About The 100-Year Mortgage
In a previous post, I made reference to a “new” 100-year mortgage. Was just kidding to make a point.
Turns out, I may not be that far off. Read this article about 100-year mortgages coming to Wales. And Japan already has 150-year mortgages.
One of those be careful for what you wish for ideas………
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