What Does It Mean To “Lock” Your Loan, And When Should You Do It?
When refinancing, one of the decisions we will make together is when to “lock” your loan. Thanks for reading this email, I always say that “an educated consumer is an empowered borrower” and I am going to keep the information coming your way. If I can be of any service any time, please do not […]
There Are No Such Things As Bigfoot, The Tooth Fairy Or 2% 30-Year Fixed Rate
So you’re reading the daily news online and notice an advertisement promoting crazy-low interest rates. Such low rates! In fact, they’re blowing my rates out of the water. How does this happen? I’ll get to that part. But what you really need to know is there is no such thing as a 2% 30-year fixed […]
TVM – What Does This Stand For And How Does It Impact You?
There are no shortages of acronyms in the mortgage industry. However, today I’ve borrowed a powerful one from the world of finance theory. TVM = Time Value of Money TVM is complex to solve for but relatively straightforward to understand. It behooves us to apply TVM theory in determining whether or not to “buy down” […]
Here’s One Critical Question Every Home Buyer Should Ask
Realistically speaking – how long do you plan on living in the home you’re hoping to purchase? More times than not, my clients tell me they’re planning on living in their home forever. However, most real estate professionals I’ve spoken to on this topic suggest that the typical family’s home needs change approximately every five to […]
Here’s How My Clients Beat The Clock By Preparing Ahead
Do you remember the story: The Little Boy Who Cried Wolf? I have to admit – sometimes I feel as if some of my clients view me as the little boy from the story when I’m repeatedly and passionately asking them to prepare early for the mortgage process ahead. I’m sending this email to explain […]
Please Review Your Credit Report
Have you ever reviewed – in granular detail – your credit report? Here are a few tips that can help make sure you’re in prime position for mortgage approval – and receive the best terms and conditions possible: Once You Have Your Credit Reports In Hand: I hope you find these pointers helpful. That being […]
3 Ways Your Home Mortgage Factors Into Your Financial Future
Your home is MUCH more than a place to store your things or keep you dry when it’s raining outside. It is also a very important component in your overall financial foundation. I just want you to know that I understand this and am dedicated to helping you find the right mortgage solution. Not just […]
If I Order An Appraisal, Do I Still Need A Home Inspection?
One common requirement involved in the mortgage process is the ordering of a third party appraisal. This fee is a standard closing cost most all borrowers pay – regardless of lender. Of course, most of us want to limit our out-of-pocket costs as much as possible when purchasing a big-ticket item such as a home. […]
A Handy Checklist To Print And Use While Looking At Homes
Did you know that you can use the same real estate agent to view different homes? Most people are under the assumption they should call the number listed on the “for sale” sign if they are interested in viewing that particular home. This is not the case at all! In fact, you are better off […]
Tips For A Better Showing On Your Home For Sale
You may or may not have your own home for sale at this point. If you have listed your home for sale, may I offer some great tips as your home is shown to potential homebuyers? I have heard some wonderful tips over the years from Real Estate Agents and home buyers that I thought […]