C21AGVoices

In the widest definition possible, amortization (pronounced: am-ohr-tih-ZAY-shun) is the scheduled process by which a loan’s principal balance pays down to $0. The opposite of an amortizing loan is an interest only loan for which there is no scheduled principal repayment schedule. With respect to mortgages, amortization is what determines how much of a monthly payment goes […]

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As the stock market dips then jumps then dips again, it’s important to remember that markets are unpredictable and nobody knows what will happen tomorrow. Unfortunately, that doesn’t stop the analysts from trying. An obvious example comes from May of this year.   As the price of oil crossed $120 per barrel on its way to an […]

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Private Mortgage Insurance (PMI) is a mortgage lender’s insurance policy against highly-leveraged homeowners.  It’s typically required when homeowner equity is less than 20 percent at the time of closing. With PMI defaults up 40 percent over last year, though, private mortgage insurers are taking big losses. They’re also taking outsized steps to prevent additional claims going forward […]

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Image by wallyg via Flickr I’m a home town sports fan. I follow the Philadelphia, Eagles and the Sixers regularly. I suffer with them through all of the almost wons and the agonizing seasons because that’s what Philadelphia sports fans do. But I have to admit I’m not much of a baseball fan.  When I […]

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Buyers are returning to the housing market. Each month, The National Association of REALTORS® tracks homes under contract to sell, but whose closing has not yet happened.  It calls them “pending sales” and publishes a monthly report to quantify them.  The Pending Home Sales report is important because it’s meant to predict future home sales activity.  […]

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With home heating costs expected to increase 20 percent over last year, The Today Show offers 10 tips to reduce home heating costs this winter. The advice ranges from the well-known to the obscure, but every little bit is meant to put money back in homeowners’ pockets: Replace your air filter monthly Drain a quart […]

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Given the stock market’s recent performance, it’s not surprising that gasoline’s falling prices are garnering very little attention. That doesn’t make it any less relevant, however. Since peaking in July, gas prices are off by 20 percent. Falling gas prices are an important positive for the U.S. economy because less money spent at the pump means […]

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The Federal Reserve made an “emergency rate cut” last week, dropping the Fed Funds Rate by one half-percent to 1.500 percent. The move is meant to stimulate the U.S. economy. When the Federal Reserve changes the Fed Funds Rate, it often takes 9 months for the changes to work their way through the economy.  On […]

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In this 4-minute video, turf grass specialist Carmen Magro demonstrates the proper way to prepare your lawn for Spring.  His tips include: How to seed “worn down” areas of a lawn How to control thatch to promote a healthy lawn How to fertilize a lawn without “overdoing it” The Fall season is one of the […]

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As household budgets get pinched and credit markets tighten, a growing number of Americans are making “hardship withdrawals” from their 401(k) plans. One major fund group cites a 15 percent increase in activity from this time last year for various reasons including staving off foreclosure and medical emergency. However, 401(k) loans should only be made with careful […]

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