He Saved $300/Month But What His On-Line Mortgage Broker Didn’t Say Cost Him $7,200

I just talked to a client who had read about wills in our monthly newsletter.  He mentioned he recently refinanced with an on-line mortgage lender and reduced his payment by $275 a month.  His rate was good and he was happy with the speed and ease of the process and when I asked him about [...]

DID I DO THE RIGHT THING BY REFINANCING

The key question is “Did I save money by refinancing?”  If you are able to get a better interest rate and save closing costs (mortgage tax, bank and title fees) does this refinance make financial sense?  It is possible that the cost of the refinancing process can outweigh the monthly savings.  The easiest way is [...]

The Great Government Bailout

We all are hearing great things from Obama and his advisors about how the so-called Stimulus Package will be helping the economy pull out of its doldrums, but it is silent on the mortgage foreclosure mess.  After the failure of the Bush TARP plan many commentators advocate letting the market play out its normal course [...]