Thereareasmanytypesofmortgagestochoosefromastherearetypesofhousestobuy.Hereyou'lllearnhowtochoosethemortgagethatisrightforyou--andwhatkindoflendertogetitfrom.There'salottolearninthischapter,sincethereareallkindsofwaystofinanceyourhome.We'lltellyouaboutfixed-rateandadjustable-ratemortgages,aswellassubprimemortgagesforthosewhohavecreditproblems.Wealsoexplaintheless-well-knownkinds--jumbo,balloonando...[
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Howmuchhousecanyouafford?
Mortgagelendersarechieflyconcernedwithyourabilitytorepaythemortgage.Todetermineifyouqualifyforaloan,theywillconsideryourcredithistory,yourmonthlygrossincomeandhowmuchcashyou'llbeabletoaccumulateforadownpayment.Sohowmuchhousecanyouafford?Toknowthat,youneedtounderstandaconceptcalled"debt-to-incomeratios."Debt-to-incomeratios
Thestandarddebt-to-incomeratios...[
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Shouldyoubuyorrent?Emotions,familyandpersonalreasonsallcomeintoplayinanyhome-buyingdecision.Nooneknowswhatthefutureholdsforyou,yourfamily,yourjoboryourfinances.Butwecanhelpyouunderstandwhatyou'regoingtoencounterwhenyouembarkonthesometimes-difficultjourneytowardtheAmericanDreamofowningahome."Whenyougetthaturgetobuyahouse,thefirstthingtodoisstepbackandaskwhetheritmakesmoresensetokeeprentingfora...[
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BP:
Whatkindofinvestorwouldbeinterestedincondotels?GREENE:
Vacationhomebuyers,buyersthatfearthestockmarket,buyersthatwantrealestatebutdon’thavethetime,desireorcapabilitytobealandlordortohandletheheadachesinvolvedwithrentals,advertising,collections,etc.Mostofthebuyersouttherearebabyboomersage40-60+/-.Thisdemographicishittingtheirfinancialpeaksintheirrespectivecareers,andtheirdisposableinco...[
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WhatAreCondoHotelsorCondotels?AnInterviewwithJoelGreene-PartILately,we’vegottenatonofquestionsatBiggerPocketsTMaboutarelativelyunknownareaofrealestateinvesting,CondoHotelsorCondotels.Inanefforttohelpunderstandwhatexactlythesethingsare,wecontactedJoelGreene,PresidentoftheCondoHotelCenter,abrokerage“specializinginsellingcondohotelsinthepre-constructionphases,”andCondoHotelsDubai.Mr.Greenewasmoret...[
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42%判断上半年止跌45%认定下半年反弹
【本报综合五日电讯报导】分析师对目前房屋市场最坏情况是否已经过去的看法分歧，这应属2007经济上最大的不确定因素。「今日美国报」在1月18到24日对55名经济学者所做的调查，只有9%认为房市下跌已经在2006年结束。42%学者认为下跌趋势会在今年上半年结束，但45%认为房市要到今年下半年才会触底反弹。三菱东京银行金融经济学[
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ByNoelleKnox,USATODAYRentersbewarned:Landlordsareexpectedtoraiseapartmentrentsforathird-straightyearin2007,forcingtenantstoturnoveragrowingchunkoftheirpayandmakingithardertosaveforahome,areporttobeissuedtodaybyMarcus&Millichapfinds.Withtheprojectedriseof5%thisyear,rentswouldbe14%higherthanattheendof2004,thereportsays.Overthesameperiod,paychecksareexpectedtorise4%,adjustedforinflation.Thewideni...[
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Idon'tthinkIfullyunderstandthefollowingtext.IhaveneverclaimedthedepreciationasmyaccountanttoldmeIwillpaymoretaxwhenIselltheproperties.But,shemightnotbecorrect.
Cananyoneexplainitinmoredetails?
DearTaxTalk,
InregardtothequestiononJan.24aboutunclaimeddepreciationonarentalproperty:Whathappenswhentherentalpropertyownerssellthepropertyandmustreportpriordepreciation?
--Gary
DearGary,...[
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Toughlovewhengrownkidsaskformoney
Whenadultchildrenasktheirparentsformoney,itcreatesaquandary:Togiveornottogive?ForT.ScottGross,amotivationalspeakerandmanagementtrainingconsultantinKnoxville,Tenn.,thechoiceiseasy:"Myanswerstartsatno,thenhellno,then,overyourdeadbody,"hesays.Suchananswerisnothingnewforhisgrownson."Becausewemadehimfinanciallyresponsibleforhimselfatayoungage,helearn...[
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股市应声涨联准会：仍有通膨风险
【本报综合三十一日电讯报导】联准会在举行两天会议后，31日决定维持利率不变，但警告在房市趋于稳定之际，仍有通货膨胀的风险。华尔街对此决定以股价高升为回应。联准会主席伯南基（BenBernanke）与他的同僚一致投票同意维持联邦基金利率于5.25%不变，这是连续第五次保持利率不动。华尔街股市大涨，道琼工业指数上升98.38点，以1262[
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