Archive for the ‘Real Estate’ Category

Snapping ARM defeat out of the fixed-rate jaws of victory

Friday, November 5th, 2010

It really disheartens me to see people go from some of the best kind of debt to have to some of the worst kind, at the worst possible time. Someone over at Basically Money was planning to do a mortgage refinance from a 30-year fixed-rate at 5% to a 5/1 adjustable ...

Here’s the skinny on The Skinny On

Wednesday, October 13th, 2010

I received a whole bunch of books, compliments of Jim Randel and friends, from The Skinny On series. I've read a few of them, not because I'm a particularly fast reader but because they're super-quick reads.  Truth in advertising: it even says so on the spines.  The ones I've read so ...

Banks deal with you as it benefits them

Sunday, October 10th, 2010

I was forwarded an article about a local woman whose bank, Bank of America, foreclosed on the house she and her family lived in only three months after her husband drowned in the river adjoining the property. Meanwhile, in other parts of Bank of America, foreclosures are being halted all over ...

Are low mortgage rates around for a long time?

Friday, September 3rd, 2010

This post over at Basically Money (now a member of the new family of Stack Exchange sites) asks whether to refinance a mortgage.  Here's the question: I have a 5-year ARM at 4.5% APR. I can renew the rate at 3.25%. However, the cost of is going to be $800. ...