The Sun's Financial Diary

Yesterday, Bank of America introduced its no-fee mortgage program. According to their website, the new program No Fee Mortgage PLUS, which is available to home-buyers nationwide, includes the following features: No Application Fee No Closing Fees No Private Mortgage Insurance Required Close-On-Time Guarantee Best Value Guarantee According to a CNNMoney report yesterday, BoA also “won’t [...]

Last week, I posted a piece on investing in real estate through REIT. The following guest article is on the same topic and is written by Tom Kerr from MortgageLoan.com. Savvy stock market professionals know that the best time to buy is when everyone else is selling. The same holds true for real estate investing. [...]

How about replaceing your existing house with one of these (from CNNMoney.com)?   Boulder, Colorado: $1.199M, 6 bedrooms, 4 baths, and 6387 sq ft.

When buying real estate, everybody knows “location, location, location.” However, the difference between locations shouldn’t just be neighborhoods in the city, the city itself should also be on your mind. You certainly don’t want to live in one of those “most dangerous” cities, even though you may find a perfect location in the city. Morgan [...]

Early last month, we saw an open house sign nearby. We were not really shopping for a new house back then (even now), but since it was in the area we like, we decided to take a tour. The house, built in 1998, has 4 bedrooms, 2.5 bathrooms, 2 car garage, and a unfinished basement. [...]