2010 Housing Stimulus Tax Credits

You've probably heard about some of the Housing Stimulus that has been created in recent months. The proper role of government in such efforts is worthy of discussion. But in this post I'd like to outline the specifics of the tax credits so you can figure out if they...

Construction Loan Closed

Breathe. Breathe. This is the third time we've built a home and the fourth home we've purchased. Never in my life has it been such an episode. This morning we finally closed on the course of construction loan, but not before feeling utterly beat up and screwed over...

Pay Off Your Mortgage One Dollar At a Time

Your mortgage is likely the largest debt you will ever incur. And it seems impossible to tackle. With a new mortgage looming in the next week, we are more aware of this than ever. I will be 75 before it's paid off the “natural” way. And Sam, well, he'll be...

Construction Loan Landmines

Before we can dig the hole, we've got to secure a construction loan. No matter how good our credit is, no matter how big our down payment, no matter how secure our income, this step has always just been nerve-wracking to me. It keeps me up and night and gives me...