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Category: Mortgage

31 May, 2012
Reaves & Lee

The Right Mortgage Amount

There was a time when a simple formula for figuring out how much house one could afford was to figure 1/3 of one’s gross monthly income.  However, in some areas, housing prices have inflated at a much faster rate than...

30 May, 2012
Reaves & Lee

Understanding Mortgages

There are a plethora of mortgages out there and figuring out which one might be best for one’s financial situation can be intimidating.  If one finds themselves with the wrong type of mortgage, managing mortgage debt can...

29 May, 2012
Reaves & Lee

Avoid an Underwater Mortgage

With the recent problems in the housing market, many homeowners have found themselves with underwater mortgages, a term relatively foreign to most until recently.  An underwater mortgage is simply a situation in which a...

24 May, 2012
Reaves & Lee

Making Mortgage Relief Work

Mortgage relief options are available, but many people are unable to secure the help they need. Although the stubbornness of lenders was once to blame efforts have been made to open up lending practices and better assist...