Mortgage Guide 101 Blog

June 2006 - Posts

The current flooding in the Northeast US is another reason why you need to have the right insurance coverage on your home. After all, who wants to be left with a mortgage and no home to show for it? The challenge is to have the right coverage. Did you Read More...
Posted on June 29,2006

After having to go out this past week and "invest" (more like "dump money into") a new-to-us vehicle, I've been thinking a lot about what is "good" debt and what is "bad" debt. For starters, if you have more debt than you can afford, it's all bad. Read More...
Posted on June 28,2006

Well, I was finally able to check out mortgage rates again, after both cars broke down and one kid was sick. (It's amazing how life can just sweep you up in details!) Well, now that Number 1 son is sleeping again, and we've invested (I use the term Read More...
Posted on June 27,2006

Here's an interesting opportunity if you are still looking at housing as an investment: try buying rental properties and consider students as your tenants! The reason that this is a "new" opportunity now is that there is another population bulge heading Read More...
Posted on June 21,2006

I just read that one of the reasons we have such expensive houses is that houses are getting bigger. I have to say: that's one trend that has been staring us all in the face, and most statistics take no note of it. As little 20 years ago, the square Read More...
Posted on June 20,2006

Inflation is not completely under control just yet. In the month of May, the Consumer Price Index rose 0.4 percent in the US. That level of inflation represents a 5.2 percent yearly rate. This is much higher than 2005, when the rate of inflation was only Read More...
Posted on June 18,2006

I just read a local horror story. A couple bought a home, believing it would be backing onto a golf course. Now the buider has applied to build more houses instead of the golf course. And the couple in question have no recourse to protest, because they Read More...
Posted on June 17,2006

Well, although markets are cooling in many areas, prices are not substantially dropping. In fact, some markets are still appreciating in value, albeit at a far slower pace than before. So, how the heck is this happening? Pehaps we can blame agents (who, Read More...
Posted on June 16,2006

On a completely different topic: the summer weather has really arrived in most places, and many of us have put in time in our gardens. In fact, at our house, we're already tending not only our decorative gardens, but also a vegetable garden. We're not Read More...
Posted on June 14,2006

It seems the US Federal Housing Administration (FHA) has caught up with the trend (or problem) of house flipping. Now, if you want to flip houses and use FHA financing, you'll be under much closer scrutiny. The FHA actually discovered that some of their Read More...
Posted on June 12,2006

Well, the news this week on mortgage rates indicates that rates are down because of low job growth. Keep in mind though that rates are still higher than they were last year at this time. The 30-year fixed-rate mortgage (FRM) averaged 6.62 percent, with Read More...
Posted on June 10,2006

Yes, indeed -- it does appear that the real estate bubble is deflating in many red hot markets. Southern California has been overheated for some time. But now, the incidence of foreclosure has jumped a whopping 29 percent overall just since January of Read More...
Posted on June 8,2006

Old fashioned and not too sexy, but buying a quality property and then hanging onto it allows you to gain over time. This is asset value growth. As your property increases in value, so does your wealth. It's just that simple. Given that most homes will Read More...
Posted on June 6,2006

This is what everyone's dream is: buy low, sell high. How can you do this without "house flipping" and a hot market? Wholesale purchases! Now how the heck does someone buy a house "wholesale"? Well, what I'm really referring to is buying a property that Read More...
Posted on June 5,2006

House flipping may not be working anymore in many markets -- after all, it depends on really rapid price increases, and many markets in the US are cooling -- but investing in real estate is still a good deal. And how do you get the good deal? You follow Read More...
Posted on June 4,2006
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