From the category archives:

Mortgage

Why a House or Mortgage Payment Should NEVER Own You

August 30, 2010

I’m a strong proponent of buying beneath your means when buying a home, but never more so than right now. A few days ago we were hit with the stunning news that existing housing sales plunged 27% in July, a huge hit to a market that’s been reeling from weakness for the past three years. [...]

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When Your House Payment is Killing You Should You Walk Away?

April 5, 2010
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Almost lost in the news about an improving economy is the reality that the foreclosure crisis is continuing to grow. Foreclosures, which reached 2.8 million homes in 2009, are expected to top 3 million for 2010. One of the most debilitating aspects of foreclosure is that it’s cumulative in nature: you might be losing your [...]

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Is a 15 Year Mortgage Financial Suicide?

March 17, 2010
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This post is from a new FiscalGeek staff writer: Kevin Mercadante. I’m very excited to have him contributing to the site. You can find out more about him at his own blog OutOfYourRut.com. Last week on Fiscal Geek we asked the question, Is There Such a Thing as “Good Debt?” and advanced the idea that [...]

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The Freddie Mac Relief Refinance Mortgage a Journey to Lower Payments

December 7, 2009
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If you’ve been around FiscalGeek for a while you may remember back to a post I wrote in the early days on the Making Home Affordable program and my pending refinance. Well things went horribly trying to utilize the program and I eventually abandoned the whole process and vowed to stop doing business with Wells [...]

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Refinance You Home Even if it’s Underwater with the Making Home Affordable Program

June 9, 2009

If your home value has decreased and you don’t think you can refinance you still may be able to refinance at today’s mortgage rates. The Making Home Affordable program from the US Federal Government is designed to help homeowners who may have Adjustable Rate Mortgages that are adjusting or have loans with higher interest rates who may not qualify for conventional loans due to their home value versus their mortgage balance

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