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cashout: Is Your Mortgage Black or Red? - 12/20/10 04:22 PM
Businesses call themselves in the "Black" if they are profitable and in the "Red" if they are not.  The origin of the term "Black Friday" is from the day most retailers finally get in the black, or profitable.  You need to look at your mortgage the same way.  When choosing a mortgage you will want to know the Break-Even point of your mortgage.  Of course everyone wants the lowest rate.  But, what if that low rate is not worth the cost. 
 
Purchasing
Let's use an example.  Your loan amount is $150,000 and your options are a rate of 4.25% … (3 comments)

cashout: 8 Great Reasons to Refinance Your Mortgage - 08/17/10 09:05 PM
Currently mortgage rates are at the lowest they have ever been, since mortgage rates have been monitored.  Many people are looking to refinance and I wanted to point out 8 great reasons to do it.
 
Cut the Length of your Mortgage- With 15 year mortgages being at an all time low of 3.75%(at the time of writing) now is the best time to reduce the term of your mortgage.  If you have a 30 year mortgage it is worth looking into reducing your term to a 10, 15 or 20 year mortgage.  You may be able to reduce your length … (1 comments)

 
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David Krichmar- DaveYourMortgageguy.com

Sugar Land, TX

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www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo

Address: Serving Harris, Fort Bend, Montgomery, Brazoria County, Houston, Katy, Sugar Land, Pearland, The Woodlands or anywhere in Texas!

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