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Category Archives: MORTGAGES
“Home Equity Conversion Mortgages (HECM), or reverse mortgages, which are designed, administered and insured by the Federal Housing Administration (FHA), are one of the best engineered financial tools of our generation.” -Jack Guttentag, Wharton Professor and nationally syndicated mortgage columnist … Continue reading
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen Two weeks ago, we asked in a post about Alternative Investments: “If not the stock market, then … Continue reading
How low can interest rates go? In June, the yield on the 10-year US Treasury bond reached a new low of 1.47%, breaking the previous low of 1.48% in 1947. Then on July 16, the yield went even lower, dropping … Continue reading
DO LOW NUMBERS = OPPORTUNITY? 3.87% 30-YR FIXED MORTGAGE 3.13% 15-YR FIXED MORTGAGE According to recent data from Freddie Mac, the federally-sponsored mortgage lending corporation, the average rate for a 30-year fixed mortgage dropped to a record-low 3.87% in February 2012. Rates … Continue reading
“DELEVERAGING” VS. SAVING With the economic turmoil of the past few years still roiling their personal finances, many American households have made a focused effort to “deleverage,” that is, to pay down their debt balances. And while the average American … Continue reading
A typical method of monetizing real estate assets is taking a loan against the equity. But most monetizing strategies that involve conventional borrowing come with the obligation of regular scheduled repayments. A reverse mortgage is a unique monetization-by-borrowing agreement that … Continue reading