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Archive for January, 2007
It’s one of the most popular questions I get.
Should I pay points or pay a higher interest rate?
I don’t know. Truth be told, whenever I’ve read about the issue, my eyes end up glazing over, I lose interest, I end up taking a nap.
Here, in a nutshell, is the difference, and when one would [...]
01/25/07 |
3 Comments »
It’s one of the most popular questions I get.
“What’s the difference between pre-approval and pre-qualification?”
Let’s ask the experts!
Michael L. Moskowitz, president of Equity Now, says that pre-qualification means, “based upon income, asset, liability, and personal information a borrower has provided, a lender will indicate how much of a mortgage the borrower should be able to [...]
01/25/07 |
3 Comments »
PMI Mortgage Insurance Co. reports that its Market Risk Index scores have increased for 34 of the nation’s 50 largest metropolitan statistical areas.
The scores measure the risk that home prices will decline in the next two years. Nineteen MSAs face a greater than 50 percent chance that home prices will fall, up from 18 last [...]
01/25/07 |
1 Comment »
Economics, probably.
While there might be some who feel they should have a right to rent or buy wherever they want (free market, be damned), most people understand that it’s just not going to be possible to buy a two-bedroom, 1,000 square foot condo in the Back Bay for $300,000, and that they’ll have to go [...]
01/25/07 |
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The answer’s simple.
Don’t use the seller’s agent as your agent!
Don’t.
Makes sense, right? Yet, people do it, all the time. Smart people.
Unfortunately, things can go wrong. Very wrong.
From Inman News, by way of the Boston Globe:
DEAR BOB: We got ripped off when buying our first home last November. Our first mistake was [...]
01/24/07 |
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Well, how dare they.
New Hampshire Gov. John Lynch is throwing down the economic gauntlet, urging Massachusetts businesses to expand their operations in the Granite State.
New Hampshire has launched its first-ever radio campaign in Boston that specifically touts its low taxes, pro-business policies, schools and “quality of life” in an attempt to lure Bay State businesses [...]
01/24/07 |
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