Do You Need a Mortgage Broker?
I have never used a mortgage broker, preferring to be more personally involved in loan investigation and due diligence. Lots of others have used them and I wonder how much that has contributed to our...
View ArticleYou Can Benefit from Impending Inflation
I have a suggestion for how you can benefit in residential real estate from the approaching inflation. When writing about inflation, most personal finance writers (including Mr. ToughMoneyLove) spend...
View ArticleThe American Dream Revisited
Long time readers know that Mr. ToughMoneyLove has been a harsh critic of government intervention into the homeownership business, particularly its cheerleading of unqualified buyers into sub-prime...
View ArticleStaying Off the Car Payment Treadmill
Mr. and Mrs. ToughMoneyLove do not like car payments so we don’t have any. I don’t understand the logic in borrowing money to purchase a depreciating asset. Car payments are particularly problematic...
View ArticleFreddie and Fannie are Slow Learners
Freddie Mac announced that, come this September, it will no longer back interest-only mortgage loans. This is good news but raises two questions. First, what took Freddie took so long to pull the...
View ArticleClosing the Refinanced Mortgage
Mrs. ToughMoneyLove and I spent about 30 minutes at a local office of our new bank. Today was closing day on our mortgage refinance. The number of papers that need signing seems to be increasing...
View ArticleGood Riddance Freddie and Fannie?
Can it be that the “homeownership for everyone” army of dreamers has finally been defeated? Let’s hope so. Someone with sense in the Obama administration has convinced their economic team that Freddie...
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