Darwin's Finance » Mortgage

Renters Subsidize Homeowners with Tax Deduction? Think Again

Darwin — Wed, 24 Nov 2010 04:26:06 +0000

With all the class warfare rhetoric of late, a popular “subsidy” to knock of late is the mortgage interest tax deduction. One of the largest constituents arguing for removal of this tax deduction is of course – renters. See renters often cite the notion that they are in effect subsidizing homeowners by way to the [...]

Renters Subsidize Homeowners with Tax Deduction? Think Again is an article from Darwin's Finance

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Saying Bye-Bye to the Mortgage Interest Deduction?

Darwin — Thu, 28 Oct 2010 01:51:20 +0000

How would you feel if the mortgage interest deduction on homes were eliminated tomorrow? If you’re a renter, you probably wouldn’t care. But if you’re a homeowner, especially one with a sizable mortgage payment, that might give you pause, right? I couldn’t help but notice in this recent WSJ.com article that the “Deficit Commission” is [...]

Saying Bye-Bye to the Mortgage Interest Deduction? is an article from Darwin's Finance

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Mortgage Rates Dip Below Key 5% Level – How to Get Yours Even Lower

Darwin — Fri, 12 Feb 2010 12:56:51 +0000

Mortgage rates dipped below the key 5% level for 30 year fixed rate mortgages again this week. While many had predicted that rates would rise by mid-2010, it’s looking as though they may stay low at least through the year. The government intervention and reluctance to raise rates given a near 10% unemployment rate has [...]

Mortgage Rates Dip Below Key 5% Level – How to Get Yours Even Lower is an article from Darwin's Finance

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USDA Home Loan Program – The 0% Down Bonanza You’ve Never Heard About

Darwin — Tue, 24 Nov 2009 03:18:09 +0000

The USDA loan program is offering, and has been for years, home loans at incredible terms even following the housing collapse, under the edict of rural lending (farm loans) given the challenges faced in finding a mortgage loan or deriving high income in sparsely populated areas. The surprise is – many of the zip codes [...]

USDA Home Loan Program – The 0% Down Bonanza You’ve Never Heard About is an article from Darwin's Finance

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40 Year Mortgages – And 50 & 60 Year Mortgages While We’re at it

Darwin — Thu, 28 May 2009 04:57:07 +0000

I’ve been seeing more ads lately for 40 year mortgage loans and once my curiosity was piqued, I also found that there are 50 year and 60 year mortgage loans out there. On one hand, I found this to be rather unorthodox and novel since you never hear about “40 year mortgage rates breaking new [...]

40 Year Mortgages – And 50 & 60 Year Mortgages While We’re at it is an article from Darwin's Finance

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Is it Ethical to Re-Lock your Mortgage Deal when Rates Drop?

Darwin — Mon, 23 Mar 2009 03:17:14 +0000

With mortgage rates hitting record lows last week following the news that the Fed would buy up to $300 Billion in Treasury securities on the open market, there was a mad rush to lock in the best rates and inevitably, there was a fair amount of “mortgage envy” on behalf of borrowers who had recently locked. [...]

Is it Ethical to Re-Lock your Mortgage Deal when Rates Drop? is an article from Darwin's Finance

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Mortgage Rates Dropping to Record Low – Time to Refinance?

Darwin — Fri, 20 Mar 2009 02:49:48 +0000

Mortgage rates dropped again last week to below 5% for conventional 30 year mortgages and will possibly break the recent record set in January when mortgage rates briefly dipped below 5% and then popped back up again. Fifteen year mortgages averaged 4.61% last week, down from 4.64% the week before. Based on recent market conditions and [...]

Mortgage Rates Dropping to Record Low – Time to Refinance? is an article from Darwin's Finance

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Net Present Value: Why You Should Use it in Everyday Life

Darwin — Mon, 09 Mar 2009 02:37:11 +0000

I was working on a Refinance this week and was confronted with various options: Different rate/point combinations, different lender fees, etc., and this got me thinking – I should just build a Net Present Value model to see which loan offered me the “best deal”. Without objectively assessing all the cash flows in and out, [...]

Net Present Value: Why You Should Use it in Everyday Life is an article from Darwin's Finance

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Lowest Mortgage Refinance Rate Comparison by the Readers!

Darwin — Fri, 20 Feb 2009 03:50:24 +0000

After perusing the web for the best mortgage refinance deal out there, it’s evident that the rates, points and fees required by different lending outfits are all over the map. Even worse, in corresponding with some loan officers on a refinance that I’m considering, I’ve found the practices to be rather deceptive (didn’t we learn [...]

Lowest Mortgage Refinance Rate Comparison by the Readers! is an article from Darwin's Finance

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