10 Apr 2014
By Mark Feder

The Happenings In A Reverse Mortgage

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When you're looking for ways to supplement your retirement income, there are a number of different options to consider. A reverse mortgage is becoming a more popular and more common way to provide income when your retirement savings don't leave enough to live on. But with all the information out there, how do you know what happens in a reverse mortgage and whether it's a good option for you? What Is A Reverse Mortgage? A reverse mortgage essentially reverses the typical actions of a mortgage. Instead of making payments on your home, you receive payments against your home's equity. The…
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09 Apr 2014
By Mark Feder

4 Of The Best Questions To Ask Before Refinancing Your Mortgage

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1) Do I Have Enough Equity To Get A Mortgage? To get a conventional loan, you will usually need to have at least 20 percent equity. This means that your house will have to be worth at least $250,000 to get a $200,000 loan. If you have less equity, you could end up having to pay for private mortgage insurance, which can easily add $100 or more to your monthly payment. 2) How's My Credit? Most lenders will look at your credit score as a part of determining whether or not to make you a loan. With conventional lenders, your…
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02 Apr 2014
By Mark Feder

Are Interest Rates On The Rise – What’s The Next Move?

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As the federal reserve continues to taper quantitative easing measures, financial experts project mortgage interest rates will climb in the next two years. Could this be the much awaited ray of light at the end of the proverbial tunnel for builders and investors or will it drive hesitant home buyers to dig in and shelter in place? Homeowners who are vacillating between refinancing for a lower interest rate and staying the course may find the time has come to make a decision. Shrinking unemployment numbers and rising retail sales figures signal that the economy is improving. Even if no one…
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26 Mar 2014
By Mark Feder

BUSTED: 4 Myths About Buying Your Home That Just Aren’t True

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It can be pretty intimidating to dip your toes into the realm of home ownership, especially if you're a first-time homebuyer. To make things worse, there are a number of myths floating around out there surrounding the home buying process. Such misconceptions have many kept many would-be homeowners from realizing the personal and financial rewards of owning a property. To clear things up, here are 4 myths about buying your first home that simply aren't true. Myth #1 - "It's Cheaper To Rent Instead Of Own" If you buy a property that is within your budget and your mortgage terms allow…
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