Refinancing with a prepayment penalty

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Refinancing with a prepayment penalty
Treat it like a closing cost and figure out what the payback period would be, says Dr. Don.

Pay down loan or save for home?
Save for the home first because student loan won't hurt your credit, says Dr. Don.

Mortgage rates remain at higher levels
U.S. Treasury securities rebounded a bit on Wednesday, after three days of selling that saw the yield on the benchmark 10-year note hit its highest level in almost two years. Buyers came back to Treasuries today after two Fed officials, in separate speeches, suggested last night that the Fed is nearing the end of its rate-hike campaign. Early buying sent prices upward and yields, which move in the opposite direction of prices, back down.

New-home contracts loaded with land mines
Most contracts to purchase new homes are crafted by savvy lawyers to give every possible edge to "the house," says Real Estate Adviser Steve McLinden.

Bridging the gap from home to home
One advantage is that you'll only have one closing with construction to permanent loan, says Dr. Don.