Some people think I’m too much of a fanatic about keeping credit scores high, (or getting them up there), but I know what a huge difference a great credit score can make in your day-to-day existence. If you buy or lease a vehicle, the total interest you pay varies by many … [Read more...] about Does Conflicting Credit Score Information Give you a Headache?
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Tax and Insurance Impounds – Good Idea or No?
The question of tax and insurance impounds is one I usually get, even from experienced buyers. There are mixed thoughts on the matter. Your payment is made up of 4 components. Principal, Interest, Taxes, and Insurance. If you are required to also have Mortgage Insurance (as … [Read more...] about Tax and Insurance Impounds – Good Idea or No?
Have You Ever Thought About Buying a Manufactured Home?
As home prices rise, more home buyers are looking at Manufactured Homes as a viable alternative to "stick built" homes. Historically, mortgages for these manufactured homes have been tough to find, but things, they are a-changin'. What Exactly is a Manufactured Home? If a … [Read more...] about Have You Ever Thought About Buying a Manufactured Home?
Ready for Some Home Design Trends for 2019?
Are you ready for home design trends for 2019? Read on . . . 1. Bold wallpaper has been working its way back for a while now. Definitely bold - no washed-out flower patterns. Birds, flowers, clouds and geographical designs are all very in, but make sure they are bold. And of … [Read more...] about Ready for Some Home Design Trends for 2019?
Mortgage Rate History
Interest rates seem high now, but remember, it's all relative. The history of mortgage rates tells a different story. I was a stockbroker in the 80's and remember when interest rates were double digits. When I became a mortgage broker in 1990, my first loan was a refinance … [Read more...] about Mortgage Rate History
Why are mortgage calculators useless?
Lending websites almost always offer mortgage calculators, designed to tell you what size mortgage you qualify for. Heck - even my site has one. They are fun to play with but they are useless! Here's why. Your Income First, what interest rate will you plug in? This will vary … [Read more...] about Why are mortgage calculators useless?