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Freddie Mac: Cash-Out Refinancing at 17-year Low
BY JANN SWANSON Freddie Mac said on Tuesday that only 21 percent of homeowners who refinanced during the first quarter took cash out of their homes. During the quarter 58 percent of homeowners who...
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Dollars & Sense: Reasons for re-financing mortgages
Mortgage interest rates remain at record lows and for that reason, many homeowners are considering re-financing their mortgages. Experts tell us there are a variety of reasons why current homeowners...
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Use Cash or Mortgage to Buy Vacation Home?
Dear Dr. Don, We are looking at purchasing a second home to use on weekends. The houses we are looking at range in price from $75,000 to $100,000. As I write this, mortgage rates are around 4.5%....
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Cash-Out Refinancing: When and How to Do It Right
As this exuberant housing market takes shape, the chance to harvest equity -– to tap into idle cash -– from your home may prove to be a worthwhile endeavor. In March 2011, Fannie Mae lifted the...
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Did you refinance your mortgage? Here’s a tax break
If you are among the many who refinanced their home mortgages last year, you are probably in line for some often-overlooked tax deductions on your 2013 Form 1040. Here’s what you need to know....
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