The quick answer is “Not Necessarily”. Before you rush out to pay off student loans, vehicle loans, visa’s and mastercards’s, you may want to call me first. Paying off your bills depletes your savings and may eat up the cash you were planning on using towards the down payment. Don’t get me wrong, being debt free is a great idea, but if it hinders your purchasing ability, it might not be your [...]
Lenders are in business to make (not lose) money. Consequently when a bank lends money it wants to ensure that it will get paid back. To maximize the possibility of being paid back, the bank wants to make sure that there is sufficient assurance that a person can and will pay back a loan. The [...]
So you’ve found the home of your dreams. Imagine buying it, only to find out that it was a previous Marijuana Grow-op. The Property Disclosure Statement DOES NOT protect you. Remember, the Property Disclosure Statement or PDS as it’s referred to in the industry, is simply a bunch of questions that the seller must answer [...]
The kitchen is the heart of the home, and it’s the most highly valued room by buyers, so you want to make it show its best. Here are some tips to create a captivating kitchen: You can cut down on visual clutter by removing items you normally store on the counter. This will help your [...]
In·di·an Giv·er n. (ca. 1848): A Federal Government which gives something to another and then takes it back. Wow, that sounds familiar, huh. I guess All the HUGE FINANCIAL brain power that went in to extending amortizations to 40 years, was for not. Latest word on the street has the Feds once again monkeying around [...]
Today is day one of the government’s new mortgage rules. Here’s a quick video rundown on qualifying rate…. QUALIFICATION RATE The biggest rule change affects borrowers who put down less than 20% and want a variable or 1- to 4-year fixed term. Yesterday, you might have qualified for a high-ratio $250,000 variable-rate mortgage with a [...]
