Archive for the ‘Real Estate’ Category
Wednesday, August 25th, 2010
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Since Congress created the VA Loan program in 1944, more than 18 million people used it to help purchase a home. Expressly designed for honorably discharged ...
Posted in Real Estate | No Comments »
Friday, August 20th, 2010
Nine years ago when I got a 30-year mortgage for my first house, people said that I got a really good rate: 5.875%.
Now, if I still had that mortgage, it would almost be a no-brainer for me to refinance to a 15-year mortgage. I saw that rates were 3.875% for ...
Posted in Banking, Deals and Steals, Real Estate | 7 Comments »
Friday, July 30th, 2010
Free Money Finance regularly posts questions that are e-mailed to him by his readers, with the intent of having other readers offer advice. Recently a reader asked about refinancing a mortgage that is currently under water (meaning that more is owed than the house is currently worth). Here's the skinny:
$225,000 ...
Posted in Economy, Real Estate, Saving | 3 Comments »
Monday, July 12th, 2010
The rates on 30-year, fixed rate mortgages hit historic lows this past week -- 4.57% according to Freddie Mac's data collection. These low rates may provide a rare opportunity for saving a substantial amount of money through mortgage refinancing. The essence of mortgage refinancing is just paying off a current ...
Posted in Real Estate | 2 Comments »
