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	<title>The Frugal Pig &#187; mortgages</title>
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	<description>Frugal Living Tips and Ideas</description>
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		<title>Do Not Overpay For A House!</title>
		<link>http://www.frugalpig.com/frugallife/frugal-shopper/frugal-home/do-not-overpay-for-a-house/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-shopper/frugal-home/do-not-overpay-for-a-house/#comments</comments>
		<pubDate>Wed, 07 Sep 2011 16:28:29 +0000</pubDate>
		<dc:creator>David</dc:creator>
				<category><![CDATA[Frugal Home]]></category>
		<category><![CDATA[buy home]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=533</guid>
		<description><![CDATA[Can People Still Pay Too Much For A House? You may think that this downturn in home prices means that everybody gets a bargain. That would be a normal assumption, but it is still not true. There are still plenty of sheep and wolves out there in the real estate market. You need to have some idea of the market value of any home you may want to buy, and you must understand which perks are worth paying extra for.  Some simple research can help you get a good deal on your next home! Before I start, understand that I am telling you to pass by the home of your dreams because it costs a little bit more than another home. Some things like perks, good schools, short commutes, or even a nice backyard sauna may have a lot of value to you even if they do not increase the market value much. Consider everything, but try not to be penny wise and pound foolish! Understand Market Value Of Homes One of the most important things that affect home value is the location You have probably heard the saying &#8211; location, location, location. A nice and new suburban four bedroom [...]
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		<title>Home Overpricing &#8211; Homeowners In Denial</title>
		<link>http://www.frugalpig.com/frugallife/frugal-shopper/frugal-home/home-overpricing-homeowners-in-denial/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-shopper/frugal-home/home-overpricing-homeowners-in-denial/#comments</comments>
		<pubDate>Wed, 20 Jul 2011 16:55:18 +0000</pubDate>
		<dc:creator>David</dc:creator>
				<category><![CDATA[Frugal Home]]></category>
		<category><![CDATA[home selling]]></category>
		<category><![CDATA[mortgages]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=489</guid>
		<description><![CDATA[Is Your Home Sale Going Slowly Because Your Home Is Overpriced? According to the New York TImes, many homeowners are overpricing their homes when they try to sell. They are in serious denial about the true value of their home after the past several months of dropping home prices. Apparently current sellers who purchased their homes within the last few years, are the most serious offenders. They are overpricing their homes by about fourteen percent. Sellers who purchased their homes earlier are still trying to sell overpriced homes, but are not as unrealistic. This is probably easy to explain. People with newer mortgages probably need to get more money from the sale in order to make up for their loan balance, closing costs, and other selling costs. Homeowners with older notes may not need as much cash to clear their loans and come to the closing table without writing a check. In addition, some of these later purchasers seem to think they bought after the bubble burst. But housing prices are still down thirty percent from the market peak, and home prices are still dropping. Estimates say that average housing prices have dropped twelve percent this year alone. Not to [...]
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		<title>Reverse Mortgages For Seniors: Good Idea or Bad Scam?</title>
		<link>http://www.frugalpig.com/frugallife/frugal-shopper/frugal-home/reverse-mortgages-for-seniors-good-idea-or-bad-scam/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-shopper/frugal-home/reverse-mortgages-for-seniors-good-idea-or-bad-scam/#comments</comments>
		<pubDate>Mon, 28 Mar 2011 13:05:13 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[Frugal Home]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[reverse mortgages]]></category>
		<category><![CDATA[seniors]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=379</guid>
		<description><![CDATA[Are Reverse Mortgages Bad or Good? There has been a lot of talk about reverse mortgages as a way for seniors to leverage their home ownership into some extra income. Just as with any other business deal, especially one involving something as important as  home ownership, it is important to examine the pros and cons in detail. These transactions can provide the relief of extra income for some seniors, but they will not work out well for everybody. What Are Reverse Mortgages? These programs allow seniors, usually over age 62, to withdraw some of their home equity in cash. This comes in the form of a loan against home equity. The recipient may get a line of credit, lump sum cash payment or payments made over time. It can provide a tax free source of income or cash to supplement social security or other retirement accounts. It is, of course, a loan that must be paid back. But the borrowers can stay in their home as long as they can pay for taxes, insurance, etc. The bill comes due when the borrowers leave their home. Usually,when the borrowers leave,  the home is sold. The proceeds from the sale must pay back the [...]
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		<slash:comments>3</slash:comments>
		</item>
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		<title>Home Renting vs. Buying</title>
		<link>http://www.frugalpig.com/frugallife/frugal-shopper/frugal-home/home-renting-vs-buying/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-shopper/frugal-home/home-renting-vs-buying/#comments</comments>
		<pubDate>Tue, 10 Mar 2009 19:10:28 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[Frugal Home]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[renting]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=95</guid>
		<description><![CDATA[Is The American Dream A Good Idea Right Now? I guess almost everybody thinks about the day when they can buy their first home, or if a family already owns a home, they think about upgrading to a different home. But right now many people are looking at the realities of home ownership and asking themselves if it is really a good idea. Sure, people will argue that paying rent is just like throwing away money. You pay, get a place to live, and then next month, you pay again. But I would argue that people always pay rent, even when they own a home. How Do Homeowners Pay Rent? Taxes &#8211; If you own a home, you probably pay a couple of percentage points, or more, of your home value in taxes every year. Repairs &#8211; When you rent, you call the landlord to fix most things. When you own a home, you have to fix things yourself. Interest on A Mortgage &#8211; Talk about money down the drain! If you carry a home mortgage, and most homeowners do, a large chunk of your payment goes for interest. Home Value &#8211; Traditionally, homeowners could count on an increase in [...]
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		</item>
		<item>
		<title>Worried About Layoffs?</title>
		<link>http://www.frugalpig.com/frugallife/frugal-finance/finance/worried-about-layoffs/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-finance/finance/worried-about-layoffs/#comments</comments>
		<pubDate>Tue, 09 Sep 2008 02:46:21 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[Loans]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=54</guid>
		<description><![CDATA[We haven&#8217;t been getting very good news about employment in the US lately. And of course, all economic news, with the bailout of the mortgage giants, is pretty grim. In fact, home foreclosures hit a record in the 3rd quarter of this year. And if you think that the bailout will help the situation, you might want to read this article: who does the mortgage giant bailout help? Prepare for an Income Loss Do home mortgage defaults and layoffs have anything to do with each other? Well, according to the much maligned Freddie Mac, unemployment or income loss is the leading cause of mortgage default. In an ideal world, we would all have 6 months of income stashed in a bank account in case of an income loss. But lately, with rising gas and food prices, most of us have had to dig into that savings account. So what can you do? Well many people can qualify for a supplemental job loss protection program. Instead of a loan company financed mortgage protection plan, which only pays the mortgage company, you can get a plan that actually pays you cash if you are layed off. I think that giving the consumer the [...]
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