Mortgage Loans Archives ⋆ Page 21 Of 24 ⋆ Boston Condos For Sale Ford Realty

Bank of America offers no-fee mortgage loan

Banks have to make their money, somehow. Usually, they do it by charging something called “interest”. They also charge what are known as “fees”. When you borrow money from a bank to buy a condo or single-family home, the bank will charge you...

Is all interest on home loans tax-deductible?

mortgage loans

I don’t know. Several weeks ago, I wrote a post, based on an article in the Boston Herald: [I]f you took out a new loan so you could free-up some cash, getting whats known as a cash-out refi, and ended up using that money to pay down your credit card debt, take...

80/20 or 100% loan? Which is better?

mortgage loans

Is it better to put down 20% (if you can) or finance 100% of your purchase price, and invest that 20% somewhere else? Apparently, it’s better to put 20% down. You’ll get a better rate on your 80% loan, if you don’t take out a second,...

Should I pay off my mortgage faster, or invest my money elsewhere

mortgage loans

Suppose your mortgage loan payment is low enough, and you’re rich enough, that you have some extra cash on hand, every month? Should you make extra payments on your loan? Or, should you invest that money, somewhere else? Some people think you should pay off your...

Congress makes mortgage insurance tax deductible

mortgage loans

Good news for those who have been forced to take out Private Mortgage Insurance on their loans. (Banks pretty much require it, if your loan is for more than 80% of your purchase price). Congress passed a law that makes mortgage insurance tax deductible … …...

How to sell your home in a slow market … um, lower your price???

mortgage loans

It’s not brain surgery, people! You can offer free cars, hiring a marching band, and increase broker commissions, but the number one reason buyers don’t buy a property is because they think it’s too expensive! Sellers who aren’t willing to...