Case-Shiller Home Price Index: Home Prices Fell 4.1% in Q4 2010 Versus Q4 2009

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

Posted in Economy | Tagged ,

Valentine’s Day Blog Carnival at Personal Dividends

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

Posted in Personal Finance | Tagged

Detroit in Decline: Is Motor City Dying, Dead, or Being Reborn?

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

Posted in Economy | Tagged , , , ,

Fannie Mae and Freddie Mac to be Phased Out?

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

Posted in Mortgage Lending | Tagged , ,

The Truth About the No-Fee Mortgage Myth

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

Posted in Mortgage Lending | Tagged

Four Easy Ways to Pay Off Your Mortgage Faster

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

Posted in Mortgage & Homeownership, Personal Finance | Tagged , , ,

Get More Clients: Add a Real Estate Blog to Your 2011 Marketing Strategy

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

Posted in For Real Estate Professionals, Marketing |

Should You Keep Your Mortgage to Get the Tax Deduction?

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

Posted in Personal Finance, Taxes | Tagged , , ,

Shopping for Mortgage Services? Three Tips to Help You Get the Best Mortgage For Your Needs

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

Posted in Mortgage & Homeownership, Personal Finance | Tagged ,

If You’re In Debt, You’re Working Hard to Make The Bankers Rich

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

Posted in Debt Sucks, Personal Finance | Tagged , , , ,