Tag Archives: home

Save Over $100,000 by Refinancing Your Mortgage

The train is leaving the station. Now you have the chance of a lifetime to save over $100,000 by refinancing your present mortgage. Sound too good to be true? Not at all. Before we crunch the numbers, you should have a basic knowledge about how a mortgage works and what expenses you are likely to have.Continue Reading

Refinance Your Mortgage Under the Federal HARP Program

Many Americans are not aware that they can refinance their existing mortgage even if they are “under water” (owe more than their home is worth.) Only 10% of eligible mortgage holders have taken advantage of the program. When the housing bubble burst, Congress passed two laws to help home owners avoid foreclosure. One program termed the Home Affordable Modification Program (HAMP) is specifically designed for owners who are on the verge of foreclosure. It helps to restructure the mortgage so the homeowner can continue to make payments. The second program called Home Affordable Refinance Program (HARP) is designed to help homeowners refinance their mortgages at low rates.Continue Reading

Investing in Building Products-Retail-Wholesale

Some more investing talk for you. Building products are tied to the housing market, providing products for remodeling and new construction. This year we’ve seen a turn in the market, the changes that the US Federal Reserve has stimulated with quantitative easing. Housing prices are rising, with some increases quite dramatic. For example, home prices rose 27% in Nevada, California up 23% and Arizona gained 17%. Completed foreclosures dropped by 25%. In August. 47% of sellers raised their prices, 48% held prices steady and 5% lowered their prices.Continue Reading

Why the Sudden Jump in Mortgage Rates?

Something unusual happened this past week. Mortgage rates that had remained relatively stable for the past year suddenly jumped ½% to 4%. Now home- buyers are wondering what is going on. Did we hit bottom for mortgage rates? Several factors are at play when we try to find answers.Continue Reading