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Mortgage & Real Estate Past Featured Articles
It's Encore Time For Thirty Year Mortgages
In response to this last year's long running
performance of historically low interest rates, many people are now rushing
to refinance their properties. Their choice of mortgage is that old soft
shoe, and easy to sing along to, 30-year fixed rate plan. With all the recent song and dance about hybrid and adjustable rate mortgages, you might be wondering why so many investors are now humming a different tune. It's really quite simple, it makes good investment sense and saves them money in the long run.
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Real Estate: The New Choice For Today's Entrepreneurs
For some, it is not enough to simply buy
a new home or "dabble" in real estate investment. Many people, for many reasons, have chosen to turn it up a notch and become realtors themselves. Fueled by the desire to be independent and the allure of a six figure income, tens of thousands of Americans have gotten into the real estate selling game in the last year alone.
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Mortgage Refinance Applications Surge
Dictionaries define it accurately when they define the word surge: surge v. surged, surg·ing, surg·es : (1) to rise suddenly to a higher amount or value <the real estate market surged to a record high> (2) to improve one's performance suddenly, especially in bettering one's standing in a competition <the local property market is currently surging). From coast to coast, this is exactly what is happening to the American property market, it is surging. While loan applications remain unabated, the most popular application being filed is the one for refinancing. Taking advantage of historically low interest rates, and a feverish climate of lender's competition for clients, Americans are acquiring real estate like never before.
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Now Is The Time To Refinance Your Mortgage
Interest rates are at historic lows again
and now is the time to consider refinancing any home loan you may currently
have, and getting into a Fixed Rate Mortgage. If you currently have a Fixed Rate Mortgage and the current rates are lower than when you took out the loan, then you should also consider refinancing. There are numerous loan and interest options around today, and the terms that are being offered are what the newspaper headlines are calling historic. No longer are just the traditional fifteen, twenty and thirty-year amortization plans available at these very low rates, but now forty-year mortgages are becoming the norm too, and are endorsed by both Fannie Mae and Freddie Mac.
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The Do's & Don't Of Building Your Dream Home - Forth in a series: Framing And Sheathing, Systems And Drywall
Well it's good to see you back on the job, let's get to work. We had had the first of our bank inspections after the preliminary site and foundation work was completed. The contractors and suppliers have gotten their disbursements and we are ready to really raise the roof, in both the proverbial and literal senses.
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The Do's & Don't Of Building Your Dream Home - Third in a series: Bricks And Mortar, Hammers And Nails, Getting Your House Built And On Track
Well if you have been with us since
the first of these articles you should now be familiar with: choosing
a design and having an architect draw up the plan and schedules for materials
and specifications. You've interviewed and chosen a contractor and you
have set a date for the work to commence. Now the real job begins.
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The Do's & Don't Of Building Your Dream Home - Second in a series: How To Organize a Project, Understand Subcontractors, Develop A Construction Schedule And Stay On Track
As we discussed in Section One of this
series, people who have chosen to either build a new home, or do extensive
remodeling or renovations on an existing home, need to exercise caution
every step of the way to insure that being in this new territory doesn't
create any unnecessary problems, delays or costs. The first step in the
process, which we covered in part one, is deciding on a design, getting
architectural plans drawn up and estimating the cost of the construction
or renovation project. All of these things must be thoroughly addressed
and understood so that contractors can then be asked to bid on all the
different phases and aspects of the project.
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The Do's & Don't Of Building Your Dream Home - First in a series: Deciding On A Design, Getting It Rendered And Fixing A Budget
You've scrimped and saved and you've
sacrificed a lot. You've gone out and looked for property to invest in,
but the law of supply and demand has not been on your side. Then you decided
to look into having this home that you've yearned for built especially
for you, and again, you run up against the laws of supply and demand.
There are either not enough qualified building contractors in your area
and they are all too busy, or they're way out of your budget range and
unobtainable Then you get this fantastic idea that you can build it yourself;
get exactly what you want and save time and money in the process.
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