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What a mortgage calculator won’t tell you

 

Resources like mortgage calculators can help you figure out the price range of homes you may be able to afford and estimate your monthly mortgage payment. However, the math alone won’t always tell you if you’re ready to buy a home, since other big factors are credit standing, job security, family plans, and other financial goals.
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http://www.franksacco.com/


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The Search for Affordable Housing Is Pushing Middle Class to Exur


The median family needs to devote up to nearly 40 percent of its income on mortgage payments for a median home in metros like San Jose (36 percent); San Francisco (39 percent); and Los Angeles (40 percent). The locations of homes that are within reach for the median family vary substantially, which indicates the uneven nature of housing prices across several major cities and metros.
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www.FrankSacco.com


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Mortgage Experts Did Not Predict Housing Crash, They Lost More Than Non-Mortgage Experts

 

A new report reveals that professionals in the mortgage securitization industry were as aggressively invested in the housing market as comparable professionals during the prime “bubble period.” Overall, the housing portfolios of the securitization professionals saw worse returns than those of equity analysts and lawyers, indicating that many did not anticipate the likelihood of a crash.
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http://www.franksacco.com/