Following Conventional Wisdom Could Cause This Fatal Million Dollar Mistake
Conventional Wisdom States Buy a House Get a Fixed Rate Mortgage and Make Extra Payments to Pay Your Mortgage off as Fast as Possible. If you follow Conventional Wisdom you will be making a Million Dollar Mistake. Keep Reading to find out why.(This Example is Similar to one Used By Ric Edelman in ... more...

Home Loan Confusion Continues
Unfortunately, most Americans still do not understand how home loans work and how to take advantage of the wide array of programs available. The way I see it, people are still confused about mortgages in general and real estate finance, in particular.Just last week, a friend of mine told me he was ... more...

An Investment Real Estate Strategy Unknown To Most Is A Negative Amortization Loan
If you want to make the most of your personal or investment real estate, you should consider a negative amortization loan. Mortgage amortization is basically mortgage balance reduction. Consequently, when a mortgage has negative amortization, the loan balance not only is not reduced, it actually ... more...

Not Everyone is Buying or Selling, Some are Doing Both
As if one real estate transaction is not hectic enough many of us end up needing to sell one place in order to move up to the next this is the real estate catch 22. Do we buy first?? Do we sell first?? If we are fortunate, these events occur at the same time, but that is not always the case. The ... more...

Cash Out Refinancing
Refinancing is to pay off your existing mortgage with another one at a lower rate.A cash out refinance is refinancing your existing mortgage and borrowing some of your equity in a lump sum to use for other purposes. Such as home improvement, college tuition, family vacation, etc.Other reasons ... more...

Deducting Points On Home Refinances
Deduction of Refinance PointsAny points that you pay in the refinancing of your residence are tax deductible over the length of the loan in question. The deduction is allowable only if the residence is your primary home and the new mortgage replaces a previous one and/or is used to improve the ... more...

Debt Consolidation Loans
Wouldnt it be nice to make just one payment per month instead of several? Most of us not only have a mortgage payment. We have car payments, credit card payments, student loans, etc.If you have been living in your home for a reasonable amount of time and you have acquired enough equity, you might ... more...

The Real Marketing Genius
I spend a lot of my time reading books and listening to tapes about business and marketing. I guess that's understandable.Many of the authors of these materials are known as experts, gurus or marketing geniuses. However, a few weeks ago I was listening to a discussion about marketing and one of ... more...

Thinking About Re-mortaging? Read These Tips First
More and more of use are signing up for limited time low interest rate mortgages and then switching to a different mortgage when the low interest period expires.It's a great way to save money and can, potentially, save you thousands in repayments. However, there are a few things you need to think ... more...

Benefits to Refinancing Your House Online
There are several methods to obtaining a refinanced home loan. Some homebuyers refinance through their current lenders, whereas others shop around for lenders offering better rates. Instead of applying for a new home loan through banks or mortgage companies, online mortgage brokers provide ... more...

Home Equity Loan Beware of Equity Stripping Scam
The market for mortgage refinancing has been brisk during the last few years. The boom in business can be attributed to interest rates that have been at or near historic lows, and to lenders who have more money to lend now that they arent investing in risky tech stocks anymore. Low rates and ... more...