About MeMark Fitzpatrick
Thanks for visiting Mortgages by Mark!
I've been in the mortgage banking industry for nearly seven years and my goal with this website is to help consumers make educated mortgage financing decisions.
If you'd like to find out more about me, please visit my About page.
- What is a Mortgage Prepayment Penalty?
- What is a Mortgage Balloon Payment?
- Rental Property Depreciation: How a Phantom “Loss” Can Translate Into Real Cash Flow
- The Single Biggest Mistake Many First Time Homebuyers Make When They Buy Their First Home
- Guest Post: How to Make an Offer on a House – 5 Sure-Fire Strategies
- The Urban Wasteland of Detroit in Pictures
- HCLTV: What is Home Equity Combined Loan-to-Value?
- Big Changes Ahead for HECM Reverse Mortgages
- What Are Origination Fees?
- Financing Investment Property? Make Sure You Have Reserve Funds
CNN is reporting that national home prices fell 4.1% during the 4th quarter 2010 compared with the 4th quarter 2009, and according to the S&P/Case-Shiller home price index. Continue reading
Personal Dividends included Mortgages by Mark in it’s Valentine’s Day blog carnival. Feel free to wander over and check out the carnival for a variety of great blog posts from around the net on various personal finance and investing topics. Continue reading
With the struggles of the car industry over recent years (and decades) the decline of the city of Detroit has become – in a macabre sort of way – a fascinating case study in urban decline. Detroit was once the fourth largest city in America with around 1.8 million residents and a vibrant auto manufacturing industry. Today, only 900,000 people live in the city, and like some dystopian post-apocalyptic movie, vast swaths of its urban center are abandoned, decaying, and crime ridden. Continue reading
U.S. Treasury Secretary Timothy F. Geithner may release a plan as early as Friday that will “present Congress with three options for reducing the government’s role in the nation’s decades-old housing finance system and shrinking the footprint of mortgage companies Fannie Mae and Freddie Mac,” reports Bloomberg. Continue reading
Though many lenders promote “no-fee” mortgages as the latest great deal, the truth is that there really is no such thing as a no-fee mortgage loan. Every bank incurs at least some costs to make a loan, the question is whether or not they choose to pass those costs on to the borrower. Is a no-fee mortgage a good deal? It depends on the goals of the client and how long they plan on keeping the loan. Continue reading
Purchasing a home is the probably largest expense most people will ever incur in their lifetime. Though owning a home can be an integral part of a strong financial plan, it’s important to take even the smallest steps to reduce … Continue reading
Introduction If there’s an industry that practically operates on the internet, it’s real estate. Home sellers and shoppers, mortgage borrowers, and real estate and mortgage professionals alike turn to the internet first for the latest real estate news, information, and … Continue reading
You may have heard the advice from all manner of people that you shouldn’t pay off your mortgage because it will cost you your mortgage interest income tax deduction. When you actually run the numbers, it becomes clear that this advice just doesn’t add up. Continue reading
If you’re shopping for mortgage services to refinance or buy a house, I’m sure you’ve found the process to be complicated and tedious at times. Your home is likely the largest investment you’ll make in your lifetime, so it’s important to think through your goals and position yourself ahead of time to get the best mortgage deal you can. Continue reading
The guys over at MyBudget360 posted an interesting breakdown of the monthly budget of an average American. What really struck me from their analysis was how much of an average family’s income goes to the big banks if they carry a mortgage, car notes, and credit card debt – as many American families do. Continue reading