Archive for the ‘Mortgages’ Category
Monday, October 24th, 2011
The Federal Housing Finance Agency (FHFA), with the Federal National Mortgage Association ("Fannie Mae") and the (Federal Home Loan Mortgage Corporation) ("Freddie Mac"), today announced a number of changes to the Home Affordable Refinance Program (HARP) designed to increase the number of borrowers eligible for refinancing at-risk home mortgages.
One of ...
Posted in Economy, Mortgages | 7 Comments »
Thursday, August 25th, 2011
One of my office mates recently got another house that was closer to his family's activities. From the looks of mortgage rates now it seems like he could have gotten quite a deal, even now! Rates have stayed down for quite a while -- quite a bit longer than I ...
Posted in Budgeting, Mortgages, Real Estate | 5 Comments »
Saturday, April 2nd, 2011
Saw this question over at the Money Stack exchange site: Bigger mortgage downpayment vs. paying extra on the first regular payment? It's a great question with a slightly non-intuitive answer.
A number of things determine how much interest is paid on a mortgage:
What the mortgage rate is.Obviously the lower the ...
Posted in Mortgages | No Comments »
Tuesday, March 29th, 2011
Let's face it. Mortgages are beasts.
A mortgage is the largest loan that people are likely to take out in their lifetimes. They're also very expensive to acquire. Most of the closing costs that are paid by the borrower are largely for the benefit of the lender. The appraisal fee protects ...
Posted in Mortgages, Taxes | 4 Comments »
