Mortgage rates are fairly difficult to predict. But they may keep drifting lower for some time. One reason is that theFederal Reserveis poised to begin what's expected to be a series of interest-rate cuts start
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Unlike the 10 percent down payment typically required for a traditional mortgage, land contract down payments range between 3 and 5 percent. For example, for a traditional mortgage, a house with a $100,000 purchase price would require a minimum down payment of $10,000. However, the down pay...
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The debt category includes both fixed and fixed flexible consumer debt. Debt that has a set monthly payment, such as a mortgage or student loan, is a fixed debt. Debt for which you are likely to vary the monthly payment, such as credit card payments and outstanding medical bills, are exam...
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at the start of the year, monthly distributions are preferable, or even weekly if you can do it without fees or penalties. This is the same concept, in reverse, as to why paying a mortgage biweekly results in slightly less interest paid over the life of the mortgage than paying monthly....