How Do You Make Money Flipping Houses?

If you have cable, you’ve probably crossed paths with a house flipping show or three. These days, it seems like every network has at least one knocking around their line-up, and it makes sense. Though there may be fewer houses being flipped, flippers are making more money off each house than they did even before […]

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Climate Worries are Sending Insurance Companies Running

After Hurricane Sandy, private insurers were notorious for taking their time evaluating damage, and then for being stingy when the payouts finally came. As disruptive weather patterns continue, property insurance companies grow increasingly cagey, and the reason isn’t actually too hard to understand. At the moment, government subsidies are keeping flood insurance artificially low in many high-risk […]

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Mortgage Rate News for Wednesday, October 29, 2014

So, it’s FOMC day.  Huzzah!  Not that I think we’ll learn anything new from our friends at the Fed, but it sometimes makes for an interesting day, or at gives us something of interest to write about.  Which would stand in stark contrast with the last couple of weeks, which have been really quite boring, […]

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Mortgage Rate News for Tuesday, October 28, 2014

It’s been a little while since we update our rates blog – having shoulder surgery and being in a sling makes it difficult to type – and you know what?  Nothing much has really happened.  I mean, sure the volatility that is almost standard at this point, but the ground that mortgage backed securities lost […]

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Leslie Tayne: Want a Happy Marriage? Talk About Money

Leslie Tayne has worked with too many married couples who make the same mistake: They don’t talk about money issues. Until it’s too late. When the couples do finally come to Tayne, a debt relief specialist and founder of New York City’s Tayne Law Group, they’re often deeply in debt. Most unfortunate? This is a […]

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4 American Castles (and the Strange People who Built Them)

For a country with such a remarkable intolerance for royalty, the United States has managed to sprout a suspicious number of castles. But while many people are familiar with the stuffy, Gilded Age palaces of the Vanderbilts and the Astors, most know less about the stone-and-mortar oddities erected by people who felt they needed a real […]

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Getting Rid of Private Mortgage Insurance

You can raise your credit score, save enough cash for closing costs, and maintain accurate financial records. However, if you don’t have at least a 20 percent down payment when buying a house, you’ll have to pay private mortgage insurance. Private mortgage insurance is required on all mortgage loans with a loan-to-value ratio greater than […]

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Mortgage Rate News for Friday, October 24, 2014

After last week’s dramatic drop, mortgage rates have continued to decline at a more sedate pace. For you, that means lows not recorded since June of 2013. The average rate for 30-year fixed-rate mortgages fell to 3.92%, down from 3.97% last week. 15-year fixed-rate mortgages were down 10 basis points to 3.08%, and 5/1 ARMs dropped only […]

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