I know that I told you that I’d show you how $7,500 would make 10,000 about 2 days ago, however, I got sidetracked. It’s not quite like I have a lesson planner…it’s just how they roll out. But $7,500 will make $10,000 when the interest over time is applied. I showed you to negotiate [...]
Bad Credit Mortgages
This topic is almost silly to discuss considering that bad credit mortgages are partially responsible for the current economic situation…but I digress. Prior to September 2008, lending institutions were allowed, some say pushed into, making loans to people who the banks knew could not afford the home they are attempting to purchase. What happens when [...]
I know this might seem like a silly question, but have you ever actually looked at the word and picked it apart? MORT-GAGE. Mort, comes from Latin, which means death; and gage, also Latin, means pledge. So what does this mean? Simply put, mortgage literally translate to pledge until death. And if you make it [...]
Should You Refinance Your Home?
Refinancing can be quite appealing, especially given the current economic climate. When interest rates drop, a change of terms can mean reduced payments and an easing of the monthly debt burden. Refinancing can be a smart move, depending on your unique economic circumstances.
Here are a few factors to consider:
Existing Equity. If you’ve paid off over [...]
