Posts tagged as:

Refinance

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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Don’t forget the Energy Tax Credit

The American Recovery and Reinvestment Act of 2009 extended a bunch of tax incentives that were first started in 2005.  What this means to you as a home owner is that you can save up to $1,500 on your income tax bill (or increase your refund by $1,500) if you do some approved energy improvements [...]

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