Homeownership

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Treasury weighs action on mortgage rates

Plan would aim to buoy housing market by forcing down the cost of loans

December 4th, 2008 | tmarchiol | 0 comments | Continued
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“Renting vs. Buying”

When choosing which option is suitable, it is very pertinent to take into consideration the location you are in and the length of time you will be there. If you are only in a place for a year or two then maybe it would be a good idea to rent, but if your contract calls for a longer stay then buying may very well be your best option.

September 11th, 2008 | tmarchiol | 0 comments | Continued
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“Am I Financially Ready For Home Ownership?”

There is a pride to home ownership, however there are some cases where you must look at the entire picture of your situation and decide if renting may be better than buying at the current time. While many people may feel renting is a waste of money sometimes buying can also prove to be a waste of your money if you cannot sustain the payments you acquired at the time of purchase and in turn face financial stress and the possibility of losing your home and the previous months payments you’ve already invested.

September 11th, 2008 | tmarchiol | 0 comments | Continued
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“How Much Home Can You Afford To Buy?”

Now that you are working on improving your credit or keeping it in good standing, and you’ve figured out all of the determining factors that will lead you to financially responsible homeownership it’s time to decide on a purchase price that provides a monthly mortgage payment you are comfortable with and will allow for continued financial stability.

September 11th, 2008 | tmarchiol | 0 comments | Continued
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“Most Common Types Of Loans”

This article certainly talks about a lot of different loans. However, it is important to gain a full understanding of the decision you are making when you are committing yourself to such a long term agreement. Be sure you understand everything you are signing and why you have to sign. And with that said here’s to the progression of financially responsible homeownership!

September 11th, 2008 | tmarchiol | 0 comments | Continued
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“A Careful Look At Reverse Mortgages”

With the low interest rates and rising home values over the decades reverse mortgages have become of great interest to many. The federal government has guaranteed an estimated 107,000 reverse mortgages just last year. This is an almost 8,000 increase from a couple of years back. Even more, it is estimated, that even after the housing market has taken a downfall the equity in the homes of seniors’ was worth $4.2 trillion at the end of 2007.

September 5th, 2008 | tmarchiol | 0 comments | Continued
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“The Housing And Economic Recovery Act Of 2008″

By: lolajames

The bill that was just passed by the United States Congress on July 24, 2008 and signed by President Bush on July 30, 2008 was designed for those who found themselves involved in the subprime mortgage crisis.

September 5th, 2008 | tmarchiol | 0 comments | Continued
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“Why Lenders Sell Their Mortgages”

Ever wondered why your mortgage lenders changed over time? Why for the first few months you were making payments to one company and then you received a letter from another lender that stated they would be taking over your loan?

September 5th, 2008 | tmarchiol | 0 comments | Continued