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Should We File Bankruptcy When Our ARM Adjusts? – Mark

“Dear Steve, Support and live with wife and 3 children–23, 21 and 14 years old. I am 48 yrs. old Yearly income is $74,000/about $5050/month net Current on all bills and payments–have never missed a bill payment of any type. No extra money after bills per month. Job is secure but income will not increase …

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What Affects Mortgage Rates?

The good news about mortgage rates? They’ve been at or near historic lows recently, and by all indications they should stay fairly low for the short term. But as anyone who follows these rates knows, they can be very volatile – sometimes changing multiple times in one day. What affects mortgage rates? In May 2011 …

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We Are Stuck in a Home in a Neighborhood That is Turning Into a Ghetto. – Lisa

“Dear Steve, As of today, 4k in money market savings, 2k in old mutual fund, 70k with TSP. Pay off credit cards every month in full. We have two debts, one student loan at $117/month and our townhouse. 10/1 ARM LIBOR will reset in 2015. 310K at 5.75%, with $296k left owing. 2nd mortgage of …

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How Can We Find a Mortgage Company to Work With? – Susan

“Dear Steve, My husband and I have a mortgage of approx. $78,000.00 on our home. We also have a home equity debt of $50,000.00. The mortgage is a 2 year ARM and is at 3.75% as of April 2009. Our home equity is a couple of points higher. Our tax appraisal puts the value of …

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Guest Post – Mortgage Tips and Money Saving Advice

Tom McConnon contacted me recently and wanted me to share this post with you. If you would like to contribute a guest post, you can contact me here. If you are a first-time home buyer, a mortgage may seem like an overwhelming and intimidating thing if you do not fully understand what it is. Here …

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