Mortgages
How to Decide Whether to Rent or Buy
Thursday, April 24th, 2008A couple weeks ago I offered a hypothetical renting vs. buying scenario and asked you to vote on which option was best.
Granted, it was a little unfair since I gave you limited information. And yet the responses were very insightful.
For instance, Bill Spaced makes the following observation:
I think it boils down — now — to […]
Popularity: 3% [?]
You Be the Judge: Rent or Own?
Tuesday, April 1st, 2008There’s a lot of talk about the benefits of renting vs. owning. The trouble is, so much of it is theory. And most people argue for what they’re currently doing.
In other words, if they currently own a home, they argue for home ownership. If they currently rent, they argue for the benefits of renting.
Whatever a […]
Popularity: 5% [?]
Your Mortgage… Canceled?
Monday, March 3rd, 2008It is finally becoming apparent that many lending institutions engaged in unethical and predatory lending practices at the height of the mortgage bubble, circa 2005.
Now, it seems, the tables may finally be turned. A Wisconsin couple is now suing Chevy Chase Bank for what they say was a mortgage with deceptive terms.
A decision in the […]
Popularity: 4% [?]
Jumbo Mortgage? Jumbo Losses!
Thursday, February 14th, 2008Here’s another factor putting downward pressure on the housing market, especially for homes worth $417,000 or more: jumbo mortgages.
A jumbo mortgage is classified as any home loan greater than or equal to $417,000. Basically, if you purchase a home worth $439,000 or greater, chances are you’ll need a jumbo loan, even after your down payment.
But […]
Popularity: 4% [?]
You Know It’s Bad When…
Tuesday, February 12th, 2008The crushing weight of debt is affecting the economy more every day. Americans are increasingly finding themselves unable to pay even their mortgages or minimum payments.
This is becoming especially evident in the housing market where foreclosure rates are climbing. In light of declining home values, many home owners are choosing to walk away instead of […]
Popularity: 4% [?]
Pay Off Mortgage Before Credit Cards?
Wednesday, January 9th, 2008Today I went to my weekly Wednesday breakfast with my friend Kevin and brothers Jared and Justin. Kevin mentioned that his wife had gone to a MOPS meeting where she saw a presentation by Bob Marette on how to become debt-free in 5-7 years, including paying off the mortgage.
According to the photocopied guide Kevin brought […]
Popularity: 4% [?]
Banking Crisis Imminent?
Thursday, December 13th, 2007Here is an article worth reading…
==> “Mortgage Meltdown” by Sean Olender
I was originally referred to this article by Stephen Jones. My dad sent the link to me, my mom, and my brothers. One brother responded with skepticism for what he perceived as a lack of solid evidence. He wrote:
Hard to say how much of that’s […]
Popularity: 4% [?]
