Posts tagged as:

Refinance

A Better Strategy

Since the Great Depression, conventional wisdom said you should buy a house for both shelter and investment and pay off your mortgage as fast as you can.  No wonder many Americans store a large portion of their wealth within the walls of their homes. Unfortunately, many of those people have seen their wealth disappear. It’s [...]

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It’s a Great Time to Refinance

Many home owners in Charlotte and North Carolina are discovering it’s a great time to refinance their home loan.  With the unusually low rates of the past few weeks, we’ve helped homeowners: Shorten their mortgage term to 10 or 15 years without increasing their payment Save several hundred dollars each month in interest Convert from [...]

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10 Things to Do in 2010 – Part Two

Yesterday I published a list of things to do in 2010.  Today, I’m adding a few more comments to the remaining things to do.Here is a list of ten things you should consider doing in 2010 to get on better footing financially this year: Build an Emergency Fund Pay off any debts that aren’t increasing [...]

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APR or Total Cost?

APR is an acronym for Annual Percentage Rate.  It’s a government-mandated calculation meant to simplify the comparison of mortgage options.  It is probably the most misunderstood number at any closing or with any application. A loan’s APR can always be found in the top-left corner of the Federal Truth-In-Lending Disclosure. Because APR is expressed as a percentage, [...]

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Rates are a Quarter Percent higher. No wait, they aren’t higher at all.

The last 7 business days have been a roller coaster for mortgage rates – mostly the climb up to the top of the Coaster, unfortunately.  Mortgage rates are based on Mortgage Bonds’ prices.  When the Mortgage bond prices fall, rates go higher, and when the bond prices rise, rates are falling. The picture below show [...]

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