Howard Co. is a great place to live. Just one thing before you purchase a home in any neighborhood drive through it at night just to see what it’s like. Hay I grew up in a nice are of St. Mary’s Co. MD. They I think back to some of the things some of my [...]

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FHA Refinance of Borrowers in Negative Equity Positions! Here are three reasons why not to do it. If you plan on moving out of that house and buying another one in the next 10 years you won’t be able to qualify for a new mortgage. Here is what a bank will say. If you didn’t [...]

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Originally found at Benny L. Kass Benny L. Kass is a practicing attorney in Washington, D.C., and Maryland. No legal relationship is created by this column. DEAR BENNY: My wife and I received from our lender a repayment agreement for our original mortgage. This was a result of the bank initiating a foreclosure sale, which [...]

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Raising the down payment for your home purchase

August 31, 2010 1st Time Homebuyer

Originally found at Wanna Network Home ownership rates have increased from 25% in the early 1900s to 67% in 1999. During all these years, many home buyers struggled to come up with a down payment. Years ago, in some cases, the banks required as much as a 50% down payment before they would give them [...]

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8 of 10 first time home buyers get down payment from Mom & Dad

August 30, 2010 1st Time Homebuyer

Originally found at The Telegraph More than eight out of 10 first-time buyers only get onto the property ladder because they receive a cash handout from the Bank of Mum and Dad, it has been disclosed The alarming statistics reveal the virtually impossible dream of anyone trying to own a home without financial support from [...]

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Friday’s thoughts Aug 27th Philadelphia Wants $300 Business License For Bloggs.

August 27, 2010 Friday's Thoughts

The city of Philadelphia is demanding money from bloggers who were honest enough to report the meagerest – $11, $50 – of revenue from ads or donations. According to the law, any blogger who enables advertising is required to register as a business, pay for a license and pay taxes on their profits no matter [...]

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7 Must-Have Real Estate Contract Conditions

August 25, 2010 1st Time Homebuyer

Originally found at SFGate Finance Terms If you are like most people and you won’t be able to buy the home without obtaining a mortgage, your purchase offer should state that your offer is contingent upon obtaining financing at a specified interest rate. If you know you can’t afford the monthly payment on the house [...]

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Pay Off Your Mortgage Early Or Invest Your Extra Money

August 24, 2010 Money

If you finally get a little breathing room in your budget, you may find yourself with some extra money at the end of the month. Should you invest those extra funds or start to paying off your mortgage early? Many professional money managers have weighed in on this debate with mixed results and recommendations. Here [...]

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Deflation

August 23, 2010 Money

Originally found at news press DEFLATION: The opposite of inflation, a gradual drop in the cost of goods and services usually caused by a surplus of goods and a shortage of cash, which leads to unemployment, recessions and depressions. So, before you applaud the fact that the cost of a new car has fallen or [...]

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Friday’s thoughts Aug 20th why I don’t predict rates

August 20, 2010 Friday's Thoughts

There are a lot of people out there with blogs that try to predict what rates will do. It is our human nature to try and look smarter than what we are. Mo body can predict what interest rates will do for the future much less the next week or month. This is what I [...]

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