Measure By Measure
A NY football fan, Al Pacino acolyte, or sucker for redemption-driven story arcs would recognize the rallying cry of 1999’s Oliver Stone-directed film, “Any Given Sunday.” The crux of a fist-pumping, foot-stomping, helmet-smashing half-time speech meant to unite a football team mired in self-pity, “life is a game of inches,” insists Coach Tony D’Amato, Al Pacino’s character. “So is football,” he claims, “because in either game, life or football, [...]
EAH Programs: How an Employer Can Help You Buy a Home
"Now that housing costs have increased, it's creating other variables and other scenarios that were not as important when there was a 3% interest rate," says Phil Crescenzo Jr., division manager at Nation One Mortgage. Click Here to Read The Full Article
‘I willed the house to my grandchildren’: I owe $100,000 over 30 years on my second mortgage. What happens to the balance when I die?
The bottom line: There will be enough time for your heirs to decide if they want to keep the property or sell it, says Phil Crescenzo Jr., vice president of the southeast division of Nation One Mortgage Corporation. In some cases, such as with a reverse mortgage, the balance is due after a person dies, and their heirs receive a payable notice from the lender, according to the Consumer Financial [...]
Compare current 10-year mortgage rates
Phil Crescenzo Jr., vice president, southeast division at Nation One Mortgage Corporation, predicts interest rates will continue to drop in the long term. "Interest rates over the next one to five years are expected to trend down,” he said. “There will be a leveling and gradual improvement as the markets stabilize and consumers should start to see some relief," he said. Click Here to Read The Full Article [...]
Home Insurance at $10,000 a Year Shows California Buyers’ Pain
California’s lofty home prices and scarce inventory already amounted to one of the most nightmarish housing markets in the US. Now, challenges securing and affording home insurance in the wildfire-prone state are making it even worse. Click Here to Read The Full Article
What is a short refinance, and how does it work?
While there’s a lot of upside to short refinancing for you as the borrower (namely, the ability to stay in the home with a reduced monthly mortgage payment), there are also some pitfalls to consider. Your credit score will likely drop because a short refinance will show up on your credit report as a settlement rather than a repayment and because you repaid a debt (your original mortgage) for less [...]
