Category Archives: Uncategorized

Are your parents willing and able to provide the money for a down payment on your first home as an outright gift? Good for them, and good for you! Since gifted down payments do come with some rules and regulations, … Continue reading →

  It’s time to reduce it! When you obligated yourself to that monthly payment it fit nicely into your budget. But then… Things happened. Perhaps it was a job loss or even just a reduction in hours. Perhaps it was … Continue reading →

Of all the misconceptions that people have about lenders, the idea that they keep a tight hold on the home mortgage purse strings and don’t ever want to ever loosen them is the silliest. Of course they want to lend … Continue reading →

Studies show that American homeowners are throwing away at least $13 BILLION dollars each year simply because they haven’t refinanced their home mortgages. Are you one of them? Are you sticking with a too-high interest rate because you’re not sure … Continue reading →

As home investors all know, “You make your money at the time of purchase.” How? By being a wise buyer. While it’s true that you’re buying a home to live in, not to re-sell, you still need to keep that … Continue reading →

The 14 million or so self-employed borrowers in the U.S. naturally mourned when the housing crisis hit and banks tightened up their lending guidelines. Gone were the days of no-doc and stated income loans. Following that, self-employed borrowers were required … Continue reading →

For the past several years, would-be homeowners have been on the fence, wondering at first whether prices would continue to drop, and then feeling uneasy about the economy. And then of course there was that period of time right after … Continue reading →

  You owe your individual ability to own a home to your own hard work and enterprise, but take a step back and consider how you got the freedom to own that home – and the freedom choose where and … Continue reading →

If you’re planning to sell your home within the next 3 years, the answer is no. Refinancing typically carries closing costs amounting to 3% to 6% of your loan amount, so you need to be planning to stick around long … Continue reading →

The answer lies in you, and your plans for the future. First – what’s the difference between a fixed-rate and an adjustable-rate mortgage (ARM)? A fixed-rate mortgage comes with principal and interest payments that remain the same over the life … Continue reading →