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13 Dec 2013

Santa’s Landing Pad, Tips For Winter Roof Maintenance

Around The Home

It's that time of year again when the weather outside gets frightful but the holiday cheer is delightful. You've probably got a lot on your mind during these busy winter months, but make sure that you don't neglect the roof of your home. Taking care of your roof is an important part of home maintenance and you don't want to suffer a leak or any other problem during the cold months. So how can you make sure that Santa and his sleigh have a solid and well-maintained landing pad when they touch down at your house this year? Here are…

12 Dec 2013

By Mark Feder

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Why Should My Clients Lock In Their Interest Rates

Mortgage Rates

Interest rates fluctuate frequently, often depending on the news. If you are considering refinancing your home, your loan officer may suggest locking in the interest rate on your loan. There are some valid reasons why this is a good idea including: Saving Money For The Long-term Over the life of a loan, an increase of as little as one-quarter of a percent can cost thousands of extra dollars. Spending a small amount of money now to lock in a rate can save money over the life of the loan. Your loan officer will explain the difference in rate increases initially,…

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…

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.…