Blog

2 minutes read
Have you ever wondered exactly what a mortgage loan officer does on a daily basis? Were you thinking of becoming one yourself? Are you thinking of buying a house and would like to learn more about the process? In this article, all of these questions and more will be answered.
2 minutes read
If you’re one of the happy home owners who owe Bank of America for your mortgage debt, you may not be seeing any mortgage relief any time soon. According to the Huffington Post article Bank Of America Executive Acknowledges Poor Service In Mortgage Mod Program by Arthur Delaney, “Bank of America has put 11 percent of HAMP-eligible borrowers delinquent for 60 days or longer into “permanent” five-year modifications — the lowest rate of the four biggest banks participating in the program.”
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Do you sell your soul for money? How much of your life story is a money story ruled by choices about what you will do or not do for money? One of my favorite movies is Joe Versus the Volcano. It’s silly movie that is truly profound. As a story, it’s an extended parable about what people will do for money. The story shows people sleepwalking through their lives, half dead, for the sake of their jobs.
3 minutes read
The reason for having the Federal Reserve is to provide a mechanism to control the amount of money available in the economic system. Too much money in the system results in inflation. Too little money results in recession. If you imagine the economic system as one side of a seesaw, the Fed functions as the counterbalance on one side.
3 minutes read
A credit score refers to a numerical based on a specific level of an individual credit file. To represent a person's creditworthiness, a credit score is specifically based on both credit reports and information typically sourced from any of the credit bureaus. When information in the credit score is updated on credit lender, you’re likely to experience a credit score changes where can either rise or fall depending on the new information. Due to the rising and failing of this credit score, you need to improve it to normal.
4 minutes read
Mistakes happen, even on your credit report. If you don’t review your report periodically though, you’ll never know when those mistakes occur. Worse yet, you won’t have them fixed, which can be detrimental to your financial future. Compare Offers from Several Mortgage Lenders. So how do you know when there are errors and what can you do about them? Read this helpful guide to see the steps you must take to...
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The Consumer Financial Protection Bureau (CFPB) gave a warning to consumers aged 62 and older who are considering a reverse mortgage to delay dipping into their Social Security benefits. In a 26-page issue brief dated August 2017, the Bureau determined that: (i) the costs of using a reverse mortgage exceed the total amount of Social Security benefits one could receive in a lifetime by delaying it, and (ii) th...
4 minutes read
If you had to file for Chapter 7 Bankruptcy, don’t worry, you aren’t alone. Millions of Americans have to file for this BK in order to get the fresh start that they need. It’s how you conduct your finances after the discharge of the Chapter 7 bankruptcy that will determine your ability to buy a house in the near future Looking for Current Mortgage Interest Rates? Click Here. THE WAITING PERIOD Each loan h...
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One of the most important tips to know when you decide to refinanceis: “never rush.” A lot of people end up paying more than they should or not getting what they originally intended to have with their re-mortgage because of inadequate planning, or going over the processes without exploring other options. It is important to keep in mind that when you refinance, you are: a) restarting your mortgage clock; an...
2 minutes read
The Federal Reserve (Fed) decided to keep the target range for the federal funds rate between 1 and 1.25 percent. This is in line with its economic data which shows inflation running below its targeted 2% threshold and as confirmed by the Consumer Price Index that remained unchanged on a seasonally adjusted basis last June. Let’s help you find a mortgage lender.» FED SAYS NO TO RATE HIKE FOR NOW The Federal...
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