An Alternative to Refinancing
As rates move up and down, many are finding themselves in the position of not being able to qualify for a standard refinance. They either have a debt to income ratio that is way out of whack, a loss of job or not enough equity to pay for closing costs. If you find yourself in [...]
When Not to Buy a House
Everybody is talking about how now is a great time to buy a house since there is the stimulus plan that let’s you get up to $8,000 back on a tax credit as well as rates that are still historically low. However, as much as that seems to be great advice, there are times that [...]
Modifying your Home Mortgage
Now that interest rates are on the rise and the economic situation stays somewhat the same, people are having less and less options when trying to reduce their monthly mortgage payment. If you are having a hard time paying your mortgage but have managed not to be late thus far, you can contact your mortgage [...]
What to Watchout for When Refinancing
The banks and mortgage companies have done such a great job selling the public on the advantages of a low interest rate that people allow the rate to be what drives them to refinance their loan. And while getting a lower interest rate is a good thing, you must weigh the cost of the refinance [...]
What a Great Title Company Can Do for You!
Most title companies can get the job done because that’s what they get paid to do. However, a great title company will do whatever it takes to get the loan closed, even if that means getting up early, traveling, or staying late. It’s what I call customer service! I believe you should ask the Realtor [...]
The Importance of Having an Emergency Fund
Okay, I will admit it; I am not crazy about a lot of the financial guru’s due to the fact that many of them treat their callers badly. However, with that said, there are a lot of good things that can be learned from these people if you were never taught by your parents or [...]
Beware of Rate Shopping!
For those of you that are shopping for the best rate available, beware of the rate and switch! What I am talking about is the total overall cost of the loan. Make sure when you get a Good Faith Estimate you are not just looking at the rate and the payment, which is what you [...]
How to Find a Good Realtor
Yes, I am a mortgage guy so why am I writing a post on finding a good Realtor? It’s simple, I work with Realtor’s and their clients and I can tell you, their clients let me know when the Realtor is a good or a not so good one. When someone complains about the Realtor [...]
Beware the Short Sale
I know, short sales can be a great thing for the buyer who is smart and can wait out the bank and the seller to get a great deal. I get it. However, I have run into more than several people of late who have been convinced by short sale companies that in just a [...]
Is This Another Refinance Boom?
All of a sudden the holidays are over and everyone is looking to refinance their homes. It does look like another refinance boom and there are plenty of companies that are soliciting clients through the mail. I’ve had several people call me just this past weekend about letters they have received. Both of these families [...]
« go back — keep looking »