Archive for January, 2009

January 9, 2009 1

Mortgage Rates at ALL-TIME Lows!!

By Scott in Rates & Fees

Rates are incredibly low…how low?  Well, I was curious, so I decided to check it out and I figured I would pass on the information I found in my research.  I checked out a few websites that provide historic rates, but I figured I would go straight to the source, Freddie Mac to gather my [...]

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January 7, 2009 2

Are You Eligible for the $7,500 Housing Tax Credit?

By Scott in Assistance, Taxes

Did you know that you may be eligible for a $7,500 tax credit if you purchased your first home (even if you were not a first time home buyer, you may still be eligible – so read on) in 2008 and into 2009?  Well, it isn’t exactly a tax credit, but it is a still [...]

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January 6, 2009 5

What is APR or Annual Percentage Rate?

By Scott in Common Questions, Rates & Fees

One of the most common incorrectly explained and misunderstood topics within the mortgage business is the definition of APR.  I will do my best to unravel the mystery and explain it in a way that is clear and understandable so that next time you ask your lender about APR, you can correct their explanation about [...]

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