Posted on December 30, 2008 by yourmortgageplanner
The numbers are staggering if you look at it this way. If you are paying $1,100 per month for an apartment, and you know your rent will increase 3% every year, then over the next five years you will pay your landlord $72,901. This does not included deposits and misc rental fees. Either way, you gain no equity by shelling out this monthly housing expense and you certainly won’t benefit when the property value goes up!
Filed under: First Time Home Buyer, Mortgage | Tagged: Business, Mortgage, Real Estate, Rent, Tax, Tax Bracket, Tax deduction, United States | Leave a Comment »
Posted on December 18, 2008 by yourmortgageplanner
The Fed has taken Historic Action and has established a Target Range vs. a Flat Rate.
Target range for the federal funds rate of 0 to 1/4 percent.
Filed under: First Time Home Buyer, Mortgage | Tagged: Business, Central bank, Economy of the United States, Federal funds rate, Federal Reserve, Federal Reserve System, Monetary policy, Mortgage Rates, Mortgage-backed security, Seattle | Leave a Comment »
Posted on December 8, 2008 by jeffintheharbor
Gig Harbor, WA foreclosure listings
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Real Estate Investor | Tagged: Business, Foreclosure, Gig Harbor, Investing, Investor, Real Estate, Real estate owned, Seattle, United States, Veteran | Leave a Comment »
Posted on December 4, 2008 by yourmortgageplanner
Business television is abuzz with talk of “4.5%”. The news stems from a leaked story that the U.S. Treasury will intervene in the mortgage market, lowering rates a full percentage point below their current levels.
As cited by every journalist in every publication, however, the story is 100% speculation. Naturally, that doesn’t stop the press from covering it. Perhaps most importantly, nearly every analyst interviewed has expressed a belief that a Treasury-sponsored stimulus would apply to home buyers only. Homeowners wanting a refinance, in other words, would be ineligible.
Filed under: First Time Home Buyer | Tagged: Business, Fannie Mae, Financial services, Freddie Mac, Home insurance, Mortgage, United States, United States Department of Treasury | Leave a Comment »
