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 […]
First Time Home Buyer Requirements: Importance of the Down Payment
Though there are many important first time home buyer requirements, perhaps the most significant is the down payment, or the DP. The down payment is important for any purchase, not only a first time buy. A general rule of thumb to remember is that the higher your investment is, or the greater your down payment, […]
Insurance For First Time Home Buyers
A homeowners insurance policy is a package policy that combines more than one type of insurance coverage in a single policy. There are four types of coverage that are contained in the homeowners policy: dwelling and personal property, personal liability, medical payments, and additional living expenses. Homeowner’s insurance, as the name suggests, protects you from damage […]
Bloomberg News Article Review: Mortgage Rates
How important is the mortgage rate in your decision to buy a home? In a recent article by Bloomberg News (https://www.bloomberg.com/news/2013-11-05/bernanke-giving-homebuyers-second-chance-with-pledge-mortgages.html) Katleen Howley brought up a point of view I found troublesome. The article spoke about the fluctuations of home mortgage rates. It cited a potential homebuyer who decided not to buy due to a […]