Tag: mortgage
Apr 8, 2024
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...
Mar 4, 2024
How much of your income should you spend on rent or a house payment? In my decades as a financial planner as well as my previous career in real estate, my standard advice has been to keep housing costs at or below 25% of your household income. In some places, today’s...
Sep 18, 2023
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...
Feb 9, 2015
With Low Interest Rates, Consider Mortgage RefinancingWatch 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...
Dec 21, 2010
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...
