Tag Archives: julie garton good

When Should You Refinance?

Julie Garton-Good writes in her 2008 book "All About Mortgages": Answer these questions before refinancing: * How long with the homeowner keep the property? If you won’t hold the property long enough to recoup the costs of refinancing, don’t refinance. … Continue reading

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Leverage From The Seller

Julie Garton-Good writes in her 2008 book "All About Mortgages": Few people today buy real estate with cash. Anytime someone finances a property purchase, he’s using leverage. Is seller financing negative because it creates too much leverage? No. Seller financing … Continue reading

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What’s A Bridge Loan?

Julie Garton-Good writes in her 2008 book "All About Mortgages": A bridge loan is really an equity loan used for a specific purpose — usually to bridge the cash-flow gap from selling one property to purchase another. Ask yourself these … Continue reading

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What are graduated payment mortgages?

Julie Garton-Good writes in her 2008 book "All About Mortgages": A graduated payment mortgage (GPM) is a loan where the payment graduates annually for a predetermined period and then becomes fixed for the duration of the loan. During times of … Continue reading

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What’s A Reverse Mortgage?

Julie Garton-Good writes in her 2008 book "All About Mortgages": Reverse Annuity Mortgages (RAM) allow persons over the age of 62 to release equity in their primary residences without having to sell and move from their homes. Instead of making … Continue reading

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When You’re Falling Behind On Your FHA Loan…

Julie Garton-Good writes in her 2008 book "All About Mortgages": HUD (Housing & Urban Development) offers five options: * Special forbearance – the lender arranges a repayment plan based on the borrower’s current financial situation * Mortgage modification – the … Continue reading

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PMI ARM FAQs

Julie Garton-Good writes in her 2008 book "All About Mortgages" that PMI (private mortgage insurance) can allow you to buy a more expensive home (by as much as 40%). The cost is usually less than .5% of the loan amount. … Continue reading

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Who Makes The Rules?

Julie Garton-Good writes in her 2008 book "All About Mortgages": "A lender who wants to sell loans into the secondary mortgage market has one set of rules. If those borrowers require PMI, there’s another set of rules. In addition, local … Continue reading

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Insider Tips To Finance Your Home

Julie Garton-Good writes in her new book, All About Mortgages: Here are some of the downsides of paying cash for your home: * You deplete your cash reserves for other uses. * No mortgage interest means loss of tax advantages … Continue reading

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Tips For Refinancing Your Mortgage

The new edition of Julie Garton-Good’s book "All About Mortgages" comes out July 1. Her website is JulieGarton-Good.com. Other websites she recommends include Interest.com, Realtor.com, Lendingtree.com, hsh.com, and eloan.com. Julie writes about claims that you can save hundreds of dollars … Continue reading

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