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Welcome > Resources > Trivia ...
We've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun...
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What is the fastest-growing state in the U.S.?
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Nevada, for the 19th consecutive year, according to 2005 Census Bureau statistics.
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What is the world's largest palace?
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The Imperial Palace (Gugong) in the center of Beijing, China covers over 178 acres and dates back to the early 1400s.
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What house is thought to be the first one designed by Frank Lloyd Wright?
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Charnley House in Chicago, Illinois, is considered to be the first home designed by Wright while at Adler & Sullivan.
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What is the longest construction time for a private residence?
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The Winchester House in San Jose, CA, was under construction for over 38 years.
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What is a VA home loan?
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The Office of Veterans Affairs guarantees small or no-down payment mortgage loans made by lenders to U.S. veterans.
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Estate Trivia >
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Financing Your Home >Home Free
Conventional wisdom says, "Don't pay off your mortgage early." Are you foolish to consider an early payoff? Absolutely not! By adding just $50 to $100 to your mortgage payment every month, you can save thousands of dollars in interest, pay off your loan quicker, and eliminate a major monthly expense.
The argument usually given against paying off a mortgage early is that you can make investments with your extra cash, such as mutual funds, stocks or bonds, which pay higher returns. This approach enables you to take the mortgage interest deduction and have easy access to your money, in case you need it. These are all definite pluses, but are not guaranteed savings results.
Any extra income which an investment might generate above your home equity appreciation can be offset by a bad year in the investment market. Investment earnings can virtually eliminate the income tax advantage of your mortgage interest deduction, since stocks and bonds are likely to generate a fair amount of dividends, interest income and capital gains.
It isn't as simple as conventional wisdom--consult a financial expert.
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All rights reserved. All information deemed reliable but not guaranteed.
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