Personal Finance

Feb. 5, 2018

Whether You Rent or Buy, Either Way You're Paying a Mortgage!

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As Entrepreneur Magazine, a premier source ...

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April 20, 2017

Tax Return Depressing? Owning a Home Could Help

Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your ...

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Aug. 29, 2016

Watch Out! Don't Get Caught in the Rental Trap!

There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.

Don't Become Trapped

Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls ...

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April 13, 2016

Rent? Buy? Either Way, You're Paying a Mortgage!

There are some renters that have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s. 

As The Joint ...

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Feb. 13, 2016

What is Your Home Equity Position?

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Michael Koenig and Maureen Torretto discuss how the steady increase in real estate values over the past couple years has affected your home equity position.

Having this knowledge can give you options! Contact me to find out what your equity ...

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Oct. 16, 2015

Buying a Home? New Rules You Need to Know!

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Michael Koenig and Maureen Torretto discuss some new changes to real estate finance law. These new closing rules take effect October 3, 2015.

TRID is the New TILA RESPA Integrated Disclosures. The Loan Estimate replaces the initial Truth-in-Lending disclosure ...

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April 21, 2015

Home Buyer Tips: Things NOT to Do When Buying

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Michael Koenig and Maureen Torretto discuss some home buyer tips. What things should you NOT do when purchasing home. Find out by watching.

We'll follow this up with a what TO DO list of things to consider when ...

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Dec. 13, 2012

Your Home Purchasing Power Has Never Been Greater [CHART]

$2,000 Monthly Mortgage Buys You This Much

Do I really need to add more verbiage to this article? Probably not. The chart speaks for itself. But I'm going to chat it up anyways. Buckle up.

Your home affordability factor is directly driven by mortgage interest rates. Basically, when interest rates rise by 1%, your purchasing power falls ...

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Nov. 9, 2011

Holiday Tip - Think Twice Before Saving 15 Percent At The Register

FICO recipe

It's barely November and, already, Black Friday ads clog our mailboxes and the airwaves. Retailers want our dollars and they're offering great deals to early shoppers.

With Halloween behind us, retailers are in the Holiday Spirit. Businesses know that consumers spent a median $556 on holiday gifts last ...

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Posted in Personal Finance
Nov. 8, 2011

Some Tips To Maximize Your Home's Appraised Value

Maximizing your home appraisalA home appraisal is an independent opinion of your home's value, performed by a licensed home appraiser. Appraisals are part of the traditional home purchase process, and lenders require them for most refinances, too.

Appraisers are trained professionals. First, they derive a base for your home's value based on ...

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Posted in Personal Finance