Archives for May 2007
Florida Mortgage: A True Story
How Quickly We Forget
You might be surprised to hear that the Prime Rate was at twenty percent in mid 1981. This seems amazing by today’s yardstick. Oddly enough, this was not an aberration for those times. Inflation was running high and the Federal Reserve was trying to contain those forces. Mortgage rates virtually mirrored the […]
Florida Mortgage: The New Option ARM
Tempting Low Payments
Until recently borrowers using option ARMs would face the immediate reality of negative amortization. Starting with their first monthly bill they would be given the option of making a super low mortgage payment, far less than the full amount of interest due. In most cases this low payment option would be less than […]
Credit Repair: Do it Yourself?
A Little Complaint
I have nothing against the credit bureaus per se, but I’m a bit annoyed at their vociferous efforts to convince consumers to attempt credit repair on their own rather than hiring a credit repair company to perform the work for them. Oh, I have no doubt that many consumers have the ability to […]
Credit Repair: Common Questions
The Importance of Your Credit
Your credit score will determine the interest rate that you are charged on everything from your credit cards to your mortgage. No other single bit of data has such a dramatic impact on the quality of your life. Nothing is as important, and yet credit scoring is widely misunderstood. Here are […]