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Tag: mortgage

How the NAR Settlement Will Change the Way You Buy a Home

A few weeks ago, an anti-trust lawsuit against the National Association of Realtors (NAR) was settled for 419 million dollars. News reports announced this would slash commissions by 25% to 50%. How would that happen? First, a quick look at how selling and buying...

Seller Financing: A Real Estate Option From The Past May Be Back

Today’s rising real estate prices and interest rates have sparked memories for me of the 1980s, when I made my living as a real estate broker. Those were the days of 12% mortgages, which put home ownership out of the reach of many. Seller financing, where the seller...

With Low Interest Rates, Consider Mortgage Refinancing

Watch this video on YouTube Five years ago the government was injecting trillions of dollars into the US economy. Conventional wisdom suggested that rising interest rates were soon to follow. Some even predicted the collapse of the dollar and hyper-inflation. Instead,...

Paying Off Your Home Isn’t For Everyone

Not every homeowner should pay down their mortgage early. In a story in the January edition of Kiplinger’s Personal Finance Magazine, Seth Feigerman quoted Rick as saying “Anyone under 40 should be funding a retirement...