15 Year Fixed

Jul
9

How to Keep From Having an Underwater Mortgage

Alan Barker on July 9th, 2010

I read an article this morning that 70% of the home loans in Nevada are under water, meaning that more than two out of every three homeowners in the state of Nevada owes more on their home than it is worth. These people are unable to sell their homes unless they have a huge savings [...]

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Investing, Mortgages, Posts 1 Comment »
May
27

15 Year Mortgage Rates at Record Lows

Alan Barker on May 27th, 2010

Mortgage Interest Rates are so low right now, that from a monthly payment standpoint, home prices would have to drop 22% to have the same monthly payment if mortgage rates were 7%. At the AVERAGE national interest rate right now, a P&I payment on a $150,000 home loan would be $785.19 a month. If mortgage [...]

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Mortgages 1 Comment »