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 […]
Tools & Resources
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 […]
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 […]
Good Faith Estimate
I have found that, although many people of heard of a “Good Faith Estimate”, very few know what it is and what it’s used for. Seeing as this document is actually pretty important, we’re going to take this article to help explain everything you need to know about the Good Faith Estimate. So what is […]
Choosing the Right Person to Work With
Most important in your process of purchasing a home is making sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along […]
Denied A Mortgage?
An articles I recently read (that can be found here) makes some good points…There are a few things I want to point out and add. -Have a conversation with your Loan Officer before you start your application process. He or she should be able to tell you what their bank’s guidelines are and help you decide […]