Friday, February 24, 2006

Informative Articles in the Washington Post

A bevy of informative articles at washingtonpost.com recently. The first illustrates the importance of Title Insurance, especially when buying an older home. In a nutshell, in exchange for a one time premium payable at closing, the insuror will defend your title for you if anyone ever challenges its validity for as long as you own your home.

In the second, Benny L. Kass explains the ins and outs of an interest only loan, a subject I've touched on before. Mr. Kass helpfully points out for whom these loans can be a good idea and for whom they are not.

Finally, an article explaining why American families' wealth has remained stagnant on average despite soaring home values. Apparently "lackluster wage growth, sagging stock prices and rising debt levels" offset the substantial gains in home values Americans saw between 2001-2004.

Enjoy.

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