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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]