Category Archives: home loans

home loans · April 18, 2018

4 Great Reasons to Rent

As we head into the heart of home buying season I am concerned some of you may be caught up in the “buy now!” frenzy.

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credit cards, debt, home loans · March 14, 2018

Home Buying in Next 6 months? Do This Now!

If you are planning on buying a home in the next few months, I bet you are already spending plenty of time checking out online listings.

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Emergency Funds, home loans, Stocks/Bonds/ETFs · April 6, 2017

Are You Going to Win or Lose From Rising Interest Rates?

I want you to understand there is a big shift going on in our economy. I know you are well aware that interest rates have been very low ever since the financial crisis. But that’s changing. The Federal Reserve, which…

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home loans · March 22, 2017

The Smartest Home Buying Move Most People Ignore

Most homebuyers choose a 30-year fixed rate mortgage. There’s nothing wrong with going the conventional route and spreading your payments over 30 years. But I wish more people would take out a 15-year mortgage instead.

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home loans · February 22, 2017

Don’t Over-React to the Mortgage Rate Rise

Over the past few months mortgage rates have begun to rise a bit. And the expectation is that they may continue to drift higher throughout 2017. While there’s no question mortgages now cost more, I want anyone thinking of buying…

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home loans · February 15, 2017

Get Your Finances in Shape for the Spring Home Buying Season

We all know that the busy season for buying homes starts in the spring and runs through early summer. That means that right now, in the middle of winter, is when anyone considering buying a home this year should focus…

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home loans, insurance, saving · August 3, 2016

Avoid This Costly Refinancing Trap

In late July, the 3.4% average rate for a 30-year mortgage was near the historic low set in 2013. That’s great news for so many homeowners who were unable to refinance back in 2013 because they didn’t have the 20%…

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home loans · June 22, 2016

Step 4: Closing the Deal: Scour your all-in Mortgage Costs

It takes a hefty wad of money to get a mortgage. It’s typical for all the fees associated with securing a mortgage—called Closing Costs-to add up to 2% or more of the loan. That’s a stiff $4,000 or so on…

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Emergency Funds, home loans, saving · June 15, 2016

Step 3: Get to the Point: When It Pays to Buy Down Your Mortgage

Lenders like to give home borrowers choices when it comes to their mortgage rate. You’ll always be presented with a standard rate: what you qualify for based on how the lender sizes up your financial profile (credit score, income, debts…

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