Older Stuff

Refinancing Now Harder Than Ever

I’ve shared the story with you about how my husband and I tried to combine our primary and secondary mortgage a couple years ago and refinance our home so we could get a better deal than the admittedly crappy one we got ourselves into when we bought our home several years ago. Sigh….yes we [...]

Is Underwater Refinancing Going to Help with Anything?

I’m sitting here, reading about the latest move from the Obama administration in an effort to ease some fo the pain felt by home owners. When I read that this plan might help people with their housing problem, I thought maybe it meant helping families to avoid foreclosure.

That made the most sense in [...]

Has Paying Off Mortgage Earlier Become More Desirable Now?

The whole debate over whether paying off your mortgage early or not has been debated exhaustively. I honestly think that the answer depends on too many variables to be able to give everyone the same blanket statement of yes or no on whether they should try to do this.

For one thing, it depends [...]

We Got an Escrow Shortage Notice Grrr…..

I really hate unected bills. Especially those that exceed $500, as the lovely escrow shortage notice we just got in the mail for our taxes and insurance bill for our mortgage. I would really love if, just for one friggin year, our mortgage company would figure our estimates out correctly.

Or, even better, if [...]

Is Refinancing Your Home Worth It?

I have been thinking about what my husband and I are going to do in the near future when we have our secondary mortgage paid off. We got a secondary mortgage on our home when we bought it five years ago so that we would not have to make a down payment on the [...]

Home Ownership Not an Asset? WHAT!?

A lot of people have been saying, with the downfall of the housing market (temporary, not permanent, mind you), that owning a home has become more of a liability than an asset. What they don’t consider is that it is still an investment. The definition of an investment is something that you buy, and [...]

30 Year Mortgage Going Away?

There has been a lot of talk about how the current mortgage and housing crisis is going to affect the future of home buying for all Americans who still want a slice of the American dream, but cannot afford the huge monthly sums that are often required of a mortgage that is shorter than [...]

Are There Secondary Mortgages Any More?

When we bought our home, which incidentally was only two years before the Great Recession hit, and lenders really tightened their lending capabilities and generosity, there was still such a thing as buying a home with no down payment. These zero down pay options are virtually eliminated with the way the market is today [...]