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Mortgage & Finance

A mortgage, or a home loan, can come in many different forms. A 30-year fixed rate, a 15-year fixed rate, an adjustable rate mortgage, a jumbo loan. And what about prepayment or foreclosure? The articles, blog posts, videos and radio shows on this page will answer all your mortgage questions and help you find the right mortgage for you.

You need to consider the fees and closing costs that you may be charged in obtaining a mortgage, the length of the loan and the amount of the loan. In addition, while the interest rate you obtain is quite important, you need to understand all of the other issues involved in obtaining a mortgage loan for your home or investment property.

Take a look at our hundreds of articles on our site. Some of these articles are listed below. These articles relate to obtaining a mortgage, finding a low interest mortgage loan, the difference between a fixed rate or ARM loan, whether to pay points to buy down your interest rate, and avoiding prepayment penal

Last Options Before Foreclosure

By | January 7th, 2013|

Foreclosure is scary. Before the bubble burst and the housing crisis hit, it was taboo to go through foreclosure. Now it’s almost common. And, unfortunately, despite the rosier outlook for the real estate market, too many homeowners are still facing foreclosure. The most important thing for any homeowner in this situation to know is that [...]

Can I Refinance my Mortgage at Lower Rates than HARP?

By | December 30th, 2012|

It is possible to refinance your mortgage at lower interest rates than HARP, but you might end up paying more in closing costs. Q: I keep hearing about these really low refinance opportunities but nobody seems to say which bank or mortgage broker is offering them. I have a 15-year fixed rate loan at 4.25 [...]

Maximizing Extra Mortgage Payments and Tax Deductions

By | December 24th, 2012|

The other day, someone asked me about prepaying next year’s rent on his business. That sounded like a pretty good idea to him because he said he could really use the tax deduction this year. Wouldn’t it be terrific if this concept could really work? Basically, cash-basis taxpayers do get to deduct their payments in [...]

2012 Real Estate Market Roundup

By | December 24th, 2012|

This past year was big for the real estate market—it’s the first time we’ve seen year-over-year increases in home prices since the market crashed around 2008. Interest rates remain low, and refinances, loan modifications, and short sales are all up—but it’s not all good news. Foreclosure rates are still on a rollercoaster ride—the real estate [...]

Removing Someone From Home Deed

By | December 20th, 2012|

Removing someone from a home deed can be tricky and expensive. Find a real estate attorney to discuss your options. Q: When mom paid off her home years ago, she put the deed to her home in my sister’s and my names, so there wouldn't be red tape if something happened to her. Years later, my sister [...]

Refinancing with Quit Claim Deed? Consider Other Options

By | December 17th, 2012|

If you are trying to refinance by using a quit claim deed, you should consider whether inheriting the property would be a better option. Q: We prepared and filed a quitclaim deed transferring my father’s house to me so we could refinance to get some cash for my father from the equity of the home. [...]

Retiring with a Mortgage: Should You Get Insurance to Cover Unemployment?

By | December 15th, 2012|

When retiring with a mortgage, you should really think about whether downsizing would make more financial sense. Q: I currently have 10 years left on my home mortgage of about $200,000 and I am 64 years old.  I plan to work past 70, but I am concerned that my job might disappear or that I [...]

Adding Children’s Names to House Title and Deed

By | December 11th, 2012|

Adding children's names to house title and deed. How it can affect your property taxes, income taxes and real estate taxes. Q: I currently own a home that is paid in full, with no mortgage. I want to add the name of my daughter to the house deed. Would you be able to tell me [...]

Gifting a House to a Relative

By | December 10th, 2012|

Gifting a house to a relative will affect your income tax and real estate property tax. Know the consequences of gifting vs. inheriting. Q: I thought you might have said on your radio show that you didn't advise giving a home away. My uncle is thinking of giving me an old house, but I didn't [...]

How Do I Calculate Property Cost Basis?

By | December 3rd, 2012|

When calculating your property cost basis, it is recommended you speak with an accountant to correctly determine the purchase price between the land and home. Q: We purchased a single 22-acre parcel in late 2004.  In order to refinance this year, we had to split the single parcel into a 4-acre parcel that contains our [...]

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