The year is 2015, and I don’t know if you’ve noticed, but the world has changed quite a bit over the last few years. Nowadays people don’t take a cab, they uber it. People don’t stay in hotels, they airbnb it. Why are these startups so successful at disrupting traditional and established business models? Very… Read more »
To rent or buy, that is the question many of you have when looking for your new home. In this blog post, we’ll take a look at the pros and cons of buying vs renting a home. Once you know the advantages and disadvantages of both renting and buying, you’ll have the right tools to… Read more »
It is very important for you to keep an eye on your credit score, credit report, and any credit score changes by the top credit bureaus. Your credit is the single most important factor in determining how much you pay for a home loan. Don’t believe us? Let us prove it to you very briefly:… Read more »
Down payment gift money has become an increasingly popular source of funds for first time homebuyers. John Mayer says: “fathers be good to your daughters.” Today, we want to reverse and amplify that to say: “daughters and sons be good to your mothers and fathers… and even other relatives too.” Why? Well, for starters, they… Read more »
Deceptive mortgage advertising practices are unfortunately very common. I spend a lot of time online reading about mortgages and the mortgage industry. My email client must have picked up on this because yesterday one of the ads in my email feed read something like this: “Mortgage Rates at 2.5%.” As a mortgage professional, I knew… Read more »
Finally, a full breakdown of mortgage closing costs that is easy to digest. Say you’ve found the perfect home, have gotten a mortgage pre-approval, and have a good sense of what you’ll be paying in monthly mortgage payments. You also have a down payment set aside that you’ve saved up especially for your dream home…. Read more »
Adjustable Rate Mortgages, known as ARMs, got a bad rap during the recent crisis, but the ARMs offered these days are different from the ones offered then. For the right type of borrower, even a first-time home buyer, these adjustable rate mortgages can be great products that save you lots of money on your mortgage.
Prior to the 1970s, lenders would commonly engage in a discriminatory practice known as “income discounting”: when the income of a woman applying for credit would be devalued by a lender based on the expectation that her income was not stable because she was unlikely to remain in the workforce. As a result of this… Read more »
It’s now officially summer, and you know what that means, right? You guessed it: it’s home buying season. It’s also wedding season, baseball season, street festival season, and the season for all the great things that happen when the weather isn’t meant for polar bears. During this home buying season, make sure your dream of… Read more »