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	<title>Myths On Money &#187; Mortgages</title>
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	<link>http://mythsonmoney.com</link>
	<description>Does it really work?</description>
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		<title>Guest Post: How to Buy a Home</title>
		<link>http://mythsonmoney.com/2009/04/guest-post-how-to-buy-a-home/</link>
		<comments>http://mythsonmoney.com/2009/04/guest-post-how-to-buy-a-home/#comments</comments>
		<pubDate>Wed, 29 Apr 2009 14:53:04 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Mortgages]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=619</guid>
		<description><![CDATA[This is a guest post by Larry Merrill. Larry has been a Realtor&#0174; since 1995, and is the founder of Advance Tech Realty. The market has some great deals right now and I wish I could take the time to do my home buyers program (it takes 1 1/2 hours). But in short, some of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>My Stance on Renting</title>
		<link>http://mythsonmoney.com/2009/04/my-stance-on-renting/</link>
		<comments>http://mythsonmoney.com/2009/04/my-stance-on-renting/#comments</comments>
		<pubDate>Mon, 20 Apr 2009 16:49:16 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Mortgages]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=702</guid>
		<description><![CDATA[Everyone seems to think that I am opposed to buying a home. Almost every fan of the blog that I talk to seems astonished when I tell them that I am very much in favor of people buying homes. So, let me clarify again my position on renting versus buying. In my opinion, far too [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Why I Still Rent</title>
		<link>http://mythsonmoney.com/2009/03/why-i-still-rent/</link>
		<comments>http://mythsonmoney.com/2009/03/why-i-still-rent/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 14:49:10 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Mortgages]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=632</guid>
		<description><![CDATA[I have not yet purchased my first home.  A lot of people give me a hard time about not buying a place, especially in this market...But I have my reasons to not buy.  Want to know what they are?  Here you go.]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/03/why-i-still-rent/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mythtip: When to Refinance</title>
		<link>http://mythsonmoney.com/2009/03/mythtip-when-to-refinance/</link>
		<comments>http://mythsonmoney.com/2009/03/mythtip-when-to-refinance/#comments</comments>
		<pubDate>Wed, 04 Mar 2009 15:59:17 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Tips]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=629</guid>
		<description><![CDATA[With interest rates at all-time record lows, refinancing is becoming quite a popular past time. The trouble is, refinancing costs money, and it can be hard to tell when it is a good time to refinance your mortgage. Here are a few tips to consider when thinking about refinancing: How do the rates compare? This [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/03/mythtip-when-to-refinance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: &#8220;Stuff&#8221; = Happiness</title>
		<link>http://mythsonmoney.com/2009/01/myth-stuff-happiness/</link>
		<comments>http://mythsonmoney.com/2009/01/myth-stuff-happiness/#comments</comments>
		<pubDate>Thu, 22 Jan 2009 03:30:39 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=520</guid>
		<description><![CDATA[The other night, I was reading Get Rich Slowly, one of my favorite finance blogs. I would like to lift a few of his comments from this fantastic post that illustrate why I LOVE personal finance, and what is truly important in our financial lives. Freedom To lift a quote from Get Rich Slowly: &#8220;To [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Myth: Rent is a waste (revisited)</title>
		<link>http://mythsonmoney.com/2008/12/myth-rent-is-a-waste-revisited/</link>
		<comments>http://mythsonmoney.com/2008/12/myth-rent-is-a-waste-revisited/#comments</comments>
		<pubDate>Fri, 19 Dec 2008 21:07:26 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[rent]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=421</guid>
		<description><![CDATA[The Word on the Street: I still struggle to convince people that paying rent is not a purely wasteful practice. I have already done several posts on this topic. The Truth: Paying rent can be cheaper than getting a mortgage, and the difference in the cost can be invested to your ultimate gain. While I [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/12/myth-rent-is-a-waste-revisited/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Q&amp;A: How could renting be better than buying?</title>
		<link>http://mythsonmoney.com/2008/11/qa-how-could-renting-be-better-than-buying/</link>
		<comments>http://mythsonmoney.com/2008/11/qa-how-could-renting-be-better-than-buying/#comments</comments>
		<pubDate>Mon, 10 Nov 2008 05:35:36 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[renting]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=253</guid>
		<description><![CDATA[This post is written in response to a question that a friend of mine asked. Here is his question: Question: When I think about rent VS buying I often think back to those dental students in [Ohio]. They bought condos, lived in them for a few years and then sold them. In most cases they [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: The End Result Is All That Matters</title>
		<link>http://mythsonmoney.com/2008/11/mythtip-consider-all-cash-flows/</link>
		<comments>http://mythsonmoney.com/2008/11/mythtip-consider-all-cash-flows/#comments</comments>
		<pubDate>Tue, 04 Nov 2008 00:03:15 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[buy]]></category>
		<category><![CDATA[rent]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=172</guid>
		<description><![CDATA[A Shocking Discovery I was recently watching a financial self-help video from a very popular finance guru, and I was shocked to hear this person say that buying a home was a great investment because it would yield a very high return in the first year that it was owned, and that it would continue [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/11/mythtip-consider-all-cash-flows/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: You Must Use Credit to Get Credit</title>
		<link>http://mythsonmoney.com/2008/09/myth-you-must-use-credit-to-get-credit/</link>
		<comments>http://mythsonmoney.com/2008/09/myth-you-must-use-credit-to-get-credit/#comments</comments>
		<pubDate>Fri, 12 Sep 2008 21:20:28 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[credit score]]></category>
		<category><![CDATA[loan]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=136</guid>
		<description><![CDATA[The Word on the Street: Everyone seems to believe that the only way to get good credit to qualify for a necessary loan (usually a mortgage), they have to use credit cards, get auto loans, etc in order to get a good interest rate on future loans. The Truth: Your history of repaying debts is [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/09/myth-you-must-use-credit-to-get-credit/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Tapping home equity brings wealth</title>
		<link>http://mythsonmoney.com/2008/07/myth-tapping-home-equity-brings-wealth/</link>
		<comments>http://mythsonmoney.com/2008/07/myth-tapping-home-equity-brings-wealth/#comments</comments>
		<pubDate>Wed, 02 Jul 2008 17:07:37 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[equity]]></category>
		<category><![CDATA[retirement]]></category>
		<category><![CDATA[savings]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=39</guid>
		<description><![CDATA[The Word on the Street: The latest financial fad has financial planners advocating plans wherein the client (you) takes home equity loans or refinances their house to take out the equity in it, and then invests these funds (preferably in a cash value life insurance policy). These pros contend that this is the best route [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/07/myth-tapping-home-equity-brings-wealth/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Keeping a Mortgage Will Save Money</title>
		<link>http://mythsonmoney.com/2008/03/myth-keeping-a-mortgage-will-save-money/</link>
		<comments>http://mythsonmoney.com/2008/03/myth-keeping-a-mortgage-will-save-money/#comments</comments>
		<pubDate>Sat, 22 Mar 2008 21:03:52 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/archives/17</guid>
		<description><![CDATA[The Word on the Street: This is one of the big myths of our day. The myth holds that keeping a mortgage to its full term, rather then paying it down early, is wise because the homeowner can deduct the interest payments from his/her federal taxes. The Truth: Keeping a mortgage (or any other loan [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/03/myth-keeping-a-mortgage-will-save-money/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: You Must Never Pay Rent</title>
		<link>http://mythsonmoney.com/2007/12/myth-rent-is-a-waste/</link>
		<comments>http://mythsonmoney.com/2007/12/myth-rent-is-a-waste/#comments</comments>
		<pubDate>Sat, 08 Dec 2007 18:39:20 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[equity]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[rent]]></category>
		<category><![CDATA[waste]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/archives/6</guid>
		<description><![CDATA[The Word on the Street: People often buy homes or other properties because they feel that rent is wasted money. They want to build equity in their homes as soon as possible, and that by paying rent they are &#8220;falling behind&#8221; in equity. The Truth: While it cannot be denied that money paid out in [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2007/12/myth-rent-is-a-waste/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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