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Michele Lerner

Michele Lerner, author of "HOMEBUYING: Tough Times, First Time, Any Time," has been writing about personal finance and real estate for more than two decades for a variety of publications and websites including Bankrate, Investopedia,, National Real Estate Investor, The Washington Times, Urban Land, NAREIT's REIT, and numerous Realtor associations.

7 Reasons to Have Multiple Bank Savings Accounts – Pros & Cons

The best way to ensure that you build wealth and avoid debt is to diligently plan and save as much money as possible for both future needs and desires. However, exactly how you handle...
Mechanical Breakdown Auto Repair Insurance

What Is Mechanical Breakdown Auto Repair Insurance – Is It Worthwhile?

These days, drivers keep their cars longer than ever, as the average age of the 240.5 million cars and light trucks in the U.S. is almost 11 years. And since that's an average, you...
Clue Report Home Buyers Sellers

C.L.U.E. Report – Why Home Buyers & Sellers Should Get One

Many home buyers fall in love with their house, sometimes at first sight. However, it is important to be careful when you open up your heart - otherwise, you may get trapped in a...
Recasting Mortgage Loan

Is Recasting a Mortgage Loan a Better Option Than Refinancing?

While many homeowners are familiar with the option of refinancing their mortgage, not all homeowners understand loan recasting. This may be because not all lenders offer recasting or re-amortizing, and not all borrowers are...
Choose Home Mortgage Loan Term

How to Choose a Home Mortgage Loan Term

Whether you're buying a home or refinancing your current home, you may assume your choices for financing with a fixed-rate home loan are limited to a 30- or 15-year term. While these are the...
Fha Streamline Refinance Guidelines

What Is an FHA Streamline Refinance – Guidelines, Pros & Cons

If you have an FHA-insured mortgage on your home, you may have the opportunity to refinance with an FHA streamline refinance. While the hype surrounding the FHA streamline refinance program makes it sound fabulous, the...
Fha 203k Mortgage Loan Requirements

What Is an FHA 203k Mortgage Loan – Requirements for Home Renovations

Whether you're interested in snapping up a bargain home and renovating it to meet your needs, or you have a kitchen full of outdated appliances that you'd like to replace, an FHA 203k home loan...
Refinancing Mortgage Retirement Options

Refinancing Your Mortgage Close to Retirement – Options & Cost

Record-low mortgage rates have been generating an avalanche of refinance applications, but if you're age 55 or older, you need to seriously consider refinancing in the context of your retirement planning. How close you are to...