Mortgage Guide 101 Blog

November 2005 - Posts

Just in late October, the FBI laid fraud charges against 20 people in the Detroit, MI area. As a result, a total of five separate mortgage fraud organizations were disrupted. We can only be thankful that they were stopped, and aren't still making Read More...
Posted on November 29,2005

We've put a limit on Christmas buying this year. Why? Because we have our first completely "open" mortgage, which allows us to put extra money down whenever we can. And we've committed to doing that for each "quarter" of the year, even when we have to Read More...
Posted on November 28,2005

Based on a couple of news sources that I look at regularly, we may just have some good news on the mortgage interest front. The latest Freddie Mac survey of interest rates on mortgages shows that rates are holding pretty steady at the moment, and some of Read More...
Posted on November 25,2005

In whatever home you live, or your loved ones live, I hope you (and all Americans) are enjoying a festive and friendly Thanksgiving. Perhaps we can spread the good cheer around to our neighbors -- both within our borders and outside them. Michael 0 Read More...
Posted on November 24,2005

And how do you get a home inspection worth what you paid? First of all, consider a "professional" home inspector who is certified. One of the best certifications is from the American Society of Home Inspectors. This organization provides training to its Read More...
Posted on November 23,2005

Always budget for a home inspection when you are considering buying a home. Budget for it and make sure that your offer on the home is conditional on the inspection being completed (and any issues being resolved) before the deal closes. Why? Because you Read More...
Posted on November 22,2005

Well, this would be a real blow to the economy and home ownership -- and we'd likely have other things for the Federal Reserve to worry about besides inflation. What's up, you ask? Apparently, a Presidential Advisory panel is reviewing the feasibility of Read More...
Posted on November 21,2005

We're going to an open house today. We're not looking to buy (my now 7 month pregnant wife would seriously consider trading me in if I even suggested such a thing). But we are watching the market very carefully these days. Are we on the cusp of a drop in Read More...
Posted on November 20,2005

Tis the season for holiday lights. Too expensive? Worried about attaching lights to the house? Here are some ideas. First of all, the new LED lights are very energy efficient, give off less heat, and will last much longer than the "conventional" bulbs Read More...
Posted on November 19,2005

Well, my wife is now in her third trimester, and we're starting to think about how to ready the house for the newest member of the clan. Baby #2 is due in January, and we have to handle all the holiday season inbetween. Therefore, we're getting ready Read More...
Posted on November 18,2005

Human beings are certainly creative. We even find ways to make money on falling prices. This weekend, I read about a new speculative investment which will be making its debut on the Chicago Mercantile Exchange in the spring of 2006. And this new Read More...
Posted on November 14,2005

If you live in a part of the world where you get temperatures below freezing outside, don't forget to shut off and drain your exterior water taps! Back in the days when I lived in a townhouse complex, every year we'd have someone with severe water damage Read More...
Posted on November 13,2005

My least favorite thing about getting ready for winter is cleaning those darned leaves out of the gutters. I've just seen a new system on the market called LeafProof. Now, I've avoided gutter systems in the past because of the cost and the potential that Read More...
Posted on November 10,2005

Well, I've found an interesting site online which allows you to compare one natural gas company's rates to another. It covers all of the UK and selected areas of the US and Canada. Seems that folks all over the world are getting smart and are looking for Read More...
Posted on November 8,2005

Wondering how much you'll save if you turn down your thermostat? Well, I've just received a brochure from my local natural gas company, and they include this nifty statistic: if you reduce the temperature in your home by 2 degrees F (or 1 degree Celsius Read More...
Posted on November 7,2005

While we're on the topic of fire safety, does your home have a smoke alarm? Of course, smoke alarms save lives. They give your family a chance to get out in case of fire. They can alert you before you have even noticed you have a problem. Bottom line: Read More...
Posted on November 4,2005

As we get close to the winter heating season, we also get closer to the fires which will be caused by fireplaces, candles and other open sources of heat or flame. This year, in our local community, the fire department is handing out coloring books for Read More...
Posted on November 3,2005

If you are battening down the hatches in preparation for winter (and an expensive heating season), here's an interesting tip that I ran across. It's for those of us who live in a home with a basement. If you have an unfinished basement (ie. it's where Read More...
Posted on November 2,2005

Well, we've gone back to standard time. Halloween has come and gone. And I find myself a bit less interested in house-hunting, which usually happens to me in the fall. If you live in the northeast of the US, you know that the fall is glorious and the Read More...
Posted on November 1,2005
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