How long will you be underwater?

How long will you be underwater? About 16 million homeowners owe more on their mortgage than their homes are worth, which means they are “underwater.” So long as that condition continues, they have no equity that can be used to help finance the purchase of another house. On the contrary, they can’t sell the house …

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Real estate tips to guard against losing your home

Real estate tips to guard against losing your home Time and time again, home-buyer wannabes state that the reason they are still fence-sitting is that they don’t want to end up in the same trouble the last generation of homeowners did. Well, there’s a very slim chance of that happening, given the changes in the …

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Help With a Down Payment

With most lenders requiring borrowers to put down at least 20 percent as a down payment – unless using an FHA or VA loan, or purchasing mortgage insurance – the best holiday gift some people might receive would be help with a down payment on a house. Making sense of the story According to a …

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What If You Could Rent the White House?

I saw this fun factoid on realestate.AOL.com: if the White House were rented out for seven weeks out of every year, the rental income it would rake in would be close to $4 million! American families have gotten pretty creative in coming up with ways to trim the budget on vacations. So here’s a vacation …

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