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The 20% Down Myth, And How You Can Now Buy A Home With Much Less

One of the biggest misconceptions about buying a house today is that you need to make a 20% down payment. And let’s face it. That’s holding back a lot of potential homeowners, especially first-time buyers, who just don’t have that much cash in the bank. But the facts are that while a 20% down payment is […]

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Saving On Your Mortgage: When A Good Idea Goes Wrong

Have you ever noticed that trying to save money can end up costing you more? Over the weekend, a friend was telling me how her twenty-something sister bought a new home and took out a 15-year fixed term mortgage. Looking at the numbers, a 15-year mortgage can be a smart move. Not only does a […]

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Fort Lauderdale Real Estate Is Hot, Hot, Hot!

Fort Lauderdale, once known as the nation’s spring-break capital, is now attracting business moguls seeking waterfront footage, tax breaks, beautiful weather, and a quieter scene than Miami’s South Beach. Business writer Robyn Friedman showcased Fort Lauderdale’s new look, and its multi-million dollar real estate properties, in last week’s The Wall Street Journal. Prices continue to rise in […]

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Tempted To Own Actual Real Estate Properties In Your IRA? Think Twice

Some investors like real estate so much they want to own actual rental homes and apartments in their retirement accounts. While it may be tempting to do so, there are many tax hurdles and potential pitfalls that can make such a move perilous. If real estate is on your mind, check out “Investing in Real Estate With […]

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Never Underestimate The Power Of A Good Referral

Here’s an amazing example that shows the power of a good referral. It happened just before Christmas in our office. We have a client we’ll call David (not his real name). He needs a new roof on his home and wanted to pay for it by refinancing his mortgage. (By the way, if you live out of […]

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Quote Of The Week: Young People, Minorities Left Behind In Housing Rebound

“As prices rise, homes are slipping further out of reach for younger and minority buyers.” Laura Kusisto, The Wall Street Journal, December 15, 2016, “U.S. Home Prices Soar, But Minorities and Young People Miss Out” The Takeaway: Home prices are up, and that’s good news for most people. But younger people and minorities are increasingly […]

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Weston, Florida Named South Florida “Ultimate Hometown”

Looking for one of South Florida’s “best places to live?” You may want to take a look at Weston, Florida, selected as one of America’s ultimate hometowns by Money magazine. Weston has a lot of strong points in its favor. There are plenty of employment opportunities, first-class medical services (including Cleveland Clinic Florida’s medical center) and a manageable commute […]

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It’s A Great Time To Buy A House. So Why Then Is It So Darn Difficult?

Interest rates are low. Wages are heading up. There may be no better time to buy a house. So just why is it so darn difficult? “It’s a good time to buy a house in theory,” says Svenja Gudell, chief economist at Zillow, a real estate listing website. “But practically, it’s very hard actually getting there.” […]

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Say What? Palm Beach Scores 5th Place On “Top 10 Bargain Beach Towns”

Champagne tastes, beer budget? Don’t despair. There may be a beach place for you in sunny South Florida after all. Palm Beach, to be precise. That’s right. The home of Worth Avenue, Mar-A-Lago, and small poodles wearing diamond bracelets and designer doggie duds. Surprisingly, Palm Beach just landed 5th on the top 10 list of bargain beach […]

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And Now For The Silver Lining: Mortgage Rates Drop

It’s hard to find much good to say about “Brexit.” But here’s one silver lining to the global upheaval created by Britain’s vote to leave the European Union. The turmoil has pushed interest rates down, and consumers who act fast might benefit from cheaper mortgage deals. “Mortgage rates will tumble and could approach record lows,” […]

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