The decision to invest in property for rentals is a big one in itself and, more often than not, it comes along with yet another major question: should you invest in a single-family unit or a multiple-family housing unit? There are pros and cons for each scenario and some of the main points in both […]
First Time
To Lock or Not to Lock?
One thing all home-buyers have in common is the desire to get the lowest possible interest rate on their mortgage, which is why many mortgage shoppers call dozens of lending institutions asking, “what is your rate?” The fundamental problem with this approach is that the rates given in response to this question often have nothing […]
Will Going to College Stop You From Getting a Home?
It is an indisputable fact that prices are constantly rising. Whether it be the price of gas, buying a home, having a baby, or getting an education, everything is constantly getting more and more expensive. Though we all feel the strain of constantly rising price tag, a much more unsettling situation is presenting itself. Loans […]
Shopping for a Mortgage Rate
We all want to find the lowest rate while shopping for a mortgage but the problem is, very often we look for the lowest quoted number not understanding the futility of this approach. This is a simplified example of what we’re discussing but lets see what you think of the following conversation: -Excuse me, is […]
A Roadmap for the First Time Home Buyer
This article is meant to give a first time buyer information on very specific steps on how to initiate the process of purchasing a home. There are a few people you will need in order to successfully purchase a home. They will help guide you on your journey towards home ownership and make sure you […]
First Time Home Buyer Credit Score Information
While many prospective homebuyers would like to believe that they know all there is about their credit score, more than 15 years in the mortgage business has shown me otherwise. On the contrary, MOST knowledge the common buyer has regarding how to properly raise their credit score is incorrect. Therefore, the first thing I would […]
Broker or Banker?
For those who don’t know, Motley Fool is an extremely authoritative website that covers all sorts of financial topics; overall it’s a great website with a lot of credible information and reliable sources. Recently, however, two articles appeared that were written by a new unknown writer, which we find a lot of fault with. We […]
5 Things Homeowners Forget to Ask
I want to add my “2 cents” to the article that appeared in Yahoo Finance in December of 2013, which can be found by clicking here. 1. APR (Annual Percentage Rate) My first thought is that if you start comparing lenders by using APR you will be very frustrated and unhappy. The rules on calculating […]