“What if we told you that you could be mortgage free years sooner? That’s what The BiWeekly Advantage Plan® offers homeowners like you!” That was the opening line of an e-mail I received last week from Citi Mortgage. I’d heard of a bi-weekly payment plan before but never been offered one by my mortgage provider. […]
Reader Question: Investing in Real Estate Without a Down Payment, What is an REIT?
Here’s a question from a reader named Bilbo Baggins, not sure if this his real name or not 🙂 “I’m fully convinced its a great time to buy property. However, I am not ready to make that kind of commitment and am looking for investments that will reap the same kind of passive income. Something […]
A Review of My No Cost Refinance With Amerisave
A year ago I refinanced to a 3.75% 7/1 ARM with Quicken Loans and my experience with them was fantastic. I bought my property almost three years ago and that refinance lowered my payment by $200 a month. I was definitely content, but as I watched rates drop further, I started to think about doing […]
Calculate Your Mortgage Interest Deduction the Right Way
With the large deficit our country is facing, politicians are starting to get creative. There’s actually been some talk about getting rid of the mortgage interest deduction for homeowners. If you don’t own property, then you may not know about one of the biggest tax deductions available. The mortgage interest deduction allows taxpayers who own […]
ARM vs Fixed Mortgage
As you know, I’m a big proponent of buying real estate right now. And after you’ve secured your property, one of the first things to consider is what type of mortgage you should get. There are all different types of loans and terms you can get, but fixed mortgages, followed by Adjustable Rate Mortgages(ARM), are […]
Buying a House or Condo in 10 Simple Steps
Two years ago, I saw a huge investment opportunity in the real estate market and jumped on my first property at the age of 23. I couldn’t be happier with the price I paid and what I got. The low sales price and mortgage rate have allowed me to max out my retirement accounts and […]