My wife and I have been shopping around lately trying to find a good deal on a lower rate for our home mortgage. We’re currently sitting at around 6.5% with our 30 year fixed rate mortgage. We bought our house right before the real estate bubble burst, so the market was at its highest. Our […]
I Guess I Spoke Too Soon!? No Deal on $700 Billion Bailout.. Yet.
Yesterday I posted the news that we had all been waiting to hear. Congress had finally come to an agreement and had settled on a bailout deal to help jump-start our faltering markets. The price tag? A mere $700 billion dollars. At the announcement of proposed deal the Dow Jones industrials enjoyed a 196-point gain […]
Myths About The Sub-Prime Lending Mess
In an article over at MSN Money, Rick Newman of U.S. News World and Report talks about the looming recession and the sub-prime loan mess that we’re finding ourselves stuck in. With 2 million home foreclosures possible over the next two years and the economy stumbling toward recession, it’s clear that Washington will enact new […]
How To Tell Whether Now Is The Time To Refinance
We’ve been looking at refinancing our mortgage lately. While in that process I came across an article on MSNBC.com talking about who should consider looking at refinancing right now. They looked at a variety of factors, but said that you should consider refinancing if: You have a fixed or adjustable mortgage with an interest rate […]
Why Can’t I Sell My House?
Last summer my wife and I decided that we wanted to move after some careful thought and prayer. The place we were living was nice, but there was some development going on in the area we weren’t happy with (a new road going through behind our house), and we wanted to get out before it […]
Time To Refinance?
An article in the Washington Post this past weekend talks about how the number of people refinancing their mortgages right now are high since the interest rates are at their lowest for quite some time. Lower Rates, Coming Resets: An Opening For Refinancing: “Is it a refi renaissance? Or a fast-closing window of opportunity? Nobody […]
