Relationships come and go in our lives, some we keep and others leave our lives unnoticed. There are professional relationships that require long-lasting work. Relationships like accountants, bankers, and financial advisors require time and trust. Unless you plan on becoming a real estate investor, your mortgage broker is not a relationship that you might keep [...]
Mortgage Calculators
If you’ve gone to any real estate website looking for a home to purchase, you might have noticed a link that allows to “calculate your payments”. How do these work? Should I trust these calculators? Ultimately, no matter how detailed the calculator is, they only provide you with ESTIMATES! There are many different calculators [...]
The Benefits of Mortgage Refinancing
I came across a nice reference to mortgage refinancing today in this week’s BusinessWeek. The columnist David Kiley discusses several ways in which his family has tightened its budget, including getting rid of their personal financial advisor and switching to in-network healthcare providers.
They made a smart decision to make two smaller mortgage payments per month, [...]
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 [...]
