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Fixed-rate Mortgages
How to Decide Whether to Refinance a Fixed-Rate Mortgage
If you have a fixed-rate mortgage and interest rates drop, you may want to refinance the same mortgage loan to reduce your monthly payments. The following table shows monthly payments for 15- and 30-year [more…]
Selling Real Estate
Tax Rules for Selling Your Home
Until recently, if you purchased a home, you were required to keep track of the original cost and the cost of improvements to the home for tax purposes. Then, when you sold the home, if you made a profit [more…]
Buying Real Estate
Buying an Owner-Occupied HUD Home
First-time buyers often finance their homes through the federal government, primarily by way of FHA-insured loans. When the property owner fails to make mortgage payments on the property, FHA initiates [more…]
Buying Real Estate
Investing in Fannie Mae and Freddie Mac Properties
One of the ways the federal government promotes homeownership is by providing financing through Fannie Mae (FNMA or Federal National Mortgage Association), Ginnie Mae [more…]
Real Estate Closings
Working with a Real Estate Closing Team
Most sellers and buyers think of the agreement as the tricky part of the transaction and the closing as the part they can take pretty much for granted. Agents know otherwise. As an agent, your work isn't [more…]
