Biweekly Mortgage Payments

April 15, 2010

You have probably heard about people making biweekly payments on their mortgage, but most don’t really understand the significant savings it can have. Typically, biweekly mortgage payments are setup on an auto payment, where half of your mortgage payment is drafted every 14 days.  This equates to two extra half payments a year or one [...]

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$8000 Tax Credit Extended For Military Buyers

April 13, 2010

(photo provided by Flickr) It’s last call for those who want to take advantage of the home buyer tax credit. You don’t have to go home, but you can’t stay on the fence any longer. Per the tax credit’s conditions, buyers need to be under contract by April 30. That’s a tight squeeze for buyers [...]

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How To Get A Good Price On A Home

April 3, 2010

After years of working in the real estate business, I’ve learned one of the most important things a buyer needs to know in order to get the best price on a home.  There is only one reason why people look to buy foreclosed homes, they think they will get a great deal for the home.  Just like [...]

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How To Figure Out The Value Of A Home

March 24, 2010

This kind of mortgage advice can come in handy when looking to buy a home. The home value is determined by similar homes that have recently sold in the area. Here is an easy example: The subject property, meaning the home you are looking at buying, is your standard 3 bedroom, colonial, with about 1500 [...]

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Using Your 401k For A Home Down Payment

March 11, 2010

If you have a 401k account, you have a down payment for your home. Contact the person who handles your 401k account and ask them about information for borrowing against your 401k.  Most 401k plans allow you to borrow against the value of the account.  Generally, the max you can borrower is 50% of the current [...]

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