11 Dec 2013
By Mark Feder
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The Pros And Cons Of Making Biweekly Mortgage Payments

Mortgage Tips
Have you ever considered paying off the mortgage on your home in two biweekly payments rather than one monthly payment? It might seem like this wouldn't make a difference, but the truth is that biweekly payments really do add up more quickly. Since there are 52 weeks in a year you will end up making 26 payments in total – which is equal to 13 months rather than 12. This means that your mortgage will be paid off more quickly and you will save money on interest payments in the long run. This arrangement might be the best for you…
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10 Dec 2013
By Mark Feder
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The Low Down On The HUD-1 Settlement Statement

Mortgage Tips
When preparing for a closing on your refinance or home purchase, one of the documents you will be provided with a few days before closing is a HUD-1 Form. This form provides you with valuable information about your loan. While at first, this three page document may seem intimidating, if you understand what you see in each section, it is not as confusing as you might think. Let's break down the various parts of the HUD-1 and talk about what they mean. Loan Information On the first page of your HUD1, you will see your loan information at the top.…
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09 Dec 2013
By Mark Feder
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What’s Ahead For Mortgage Rates This Week – December 9, 2013

Mortgage Rates
Last week brought several indicators of a strengthening economy. New home sales, private and federal employment and mortgage rates rose. The Department of Commerce released construction spending numbers for October with mixed results. Although public projects fueled an 0.80 percent increase in month-to-month construction spending, residential construction fell by 0.60 percent. Analysts had expected an increase of 0.50 percent and also noted that the negative effect of the government shutdown was a "blip." October's reading for construction spending was the highest since 2004. CoreLogic released data that home prices rose by 0.20 percent, which represents a year-over-year growth rate of…
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06 Dec 2013
By Mark Feder
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Ensure Your Fireplace Is Up To Snuff

Around The Home
When it's cold outside, there's nothing quite as cozy as curling up on the sofa with a good book in front of a roaring fire. A fireplace evokes the idea of a warm and pleasant atmosphere. However, if it isn't properly maintained, your living room could be filled with a cloud of soot, or worse, fire. A fireplace not only creates a snug setting, but most are actually functional and can help heat your home. Harness their heat and generate the ambiance of a softly lit living space by following the tips below to ensure yours is properly maintained and…
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