Mortgage Loans Archives ⋆ Page 22 Of 24 ⋆ Boston Condos For Sale Ford Realty

The Fed takes the fall – interest rates too low in the past

What created the housing boom over the past several years? Cheap money. What cause the market to “collapse”? Too much cheap money. According to the Wall Street Journal: In an apparent and rare in-house critique, the president of the Federal Reserve Bank of...

More buyers backing out from closing deals

mortgage loans

The Wall Street Journal says more buyers are backing out of deals. The two times this happens most often are 1) if the property was bought, pre-construction and the buyers see that the development hasn’t sold any other units and/or the developer has re-priced...

Tax tips for buying or selling real estate, before December 31st

mortgage loans

A couple of great tips for saving on your 2006 income taxes, by buying or selling real estate before the end of the year. The best tip: make your January 1, 2007 mortgage loan payment in 2006. An easy big tax-saver for homeowners is to prepay your January 2007...

Buydowns: making your monthly loan payment smaller

mortgage loans

Buydowns aren’t used too much, these days. Back in the early 1990s, they were more common (yes, I know this, I worked in a mortgage loan department, at the time). Here’s how it works: You make an offer on a property, below asking. The seller declines to...

Back with a vengeance

mortgage loans

I’m sitting here, waiting for my flight back from Fort Lauderdale to Boston. The Inman Connect High Net conference ended yesterday morning, and I stayed an extra day, to do some more “work”. Look for plenty of posts in the next several hours, and...

Economy slowing? Not really, unfortunately.

mortgage loans

The September jobs report came out on Friday. Nonfarm payrolls grew by just 51,000 in September, according to the Bureau of Labor Statistics. The forecast had been for a net increase of about 120,000 jobs, nationally. Holden Lewis discusses it: Conventional wisdom...