Archives for the 'Mortgage' Category
Florida Mortgage Broker Discusses Interest Only Refinance Options
Adjustable Rate Mortgage Popularity
Over the last five years almost forty percent of all home buyers selected adjustable rate mortgages. In early 2004 signs of inflation begin to appear. These indications pressed the Federal Reserve into action. From June 2004 to June of 2006 the Federal Reserve increased the Federal Funds Rate 17 times. The impact […]
Credit Repair: The Cost of Errors
Credit Report Errors Mean Consumers Lose
In 1998 the Federation of State Public Interest Research Groups (PIRGs) published a now famous report called, Mistakes Do Happen: Credit Report Errors Mean Consumers Lose. This report detailed the results of the PIRGs sixth study on the accuracy of credit reports. The results, in their words, were troubling, and […]
Credit Repair and Financial Freedom
Your Credit
On the day that you decide to set foot on the path to financial freedom you should take a good hard look at your credit reports. The content of your credit will determine your credit scores. Every one of the building blocks of your financial plan is important. But if you ignore your credit […]
Florida Mortgage Broker Discusses the Value of Patience
Do you plan to buy a new home soon? Have you been thinking of refinancing your current mortgage? Here are some thoughts that could save you thousands of dollars.
It’s Your Life
If you plan to purchase a home in the near future, or if you are planning to refinance your current mortgage, you should understand the importance […]
Be Smart Be Prepared
An Ounce of Prevention
Do you plan to purchase a home soon? Are you thinking of refinancing your mortgage? These tips could end up saving you thousands of dollars. You will probably spare yourself a few major headaches as well. You work hard for your money. Now is the time to make that extra effort to […]
Mortgage Tips: How to Save Thousands of Dollars
So, you’re about to get a mortgage? Take a deep breath. Prepare to spend a little bit of time doing your homework. Three or four hours of effort may end up saving you thousands of dollars now, and tens of thousands of dollars over time. Home financing can be intimidating, but it’s not rocket science. A few basic considerations can make a world of difference.
Negative Amortization: Blessing or Curse?
What is Negative Amortization?
The term “negative amortization” refers to the potential for your loan amount to increase over time - in other words, you might have reverse or “negative” amortization. These loan programs allow you to pay less that the full amount of the interest due on your mortgage. If you pay less than the […]
Refinance Considerations
The Single Largest Financial Obligation
Your mortgage is probably the single largest financial obligation that you will have in your life. The investment that you have in your home can have great long term value, but on a month by month basis it represents a significant expense. The math for most people is simple, the more […]