First Time Buying: “How Much to Save Up?”
How much should you save up before buying a home? … Continue readingFirst Time Buying: “How Much to Save Up?”
Category: Finance
Types of Lenders
There are many types of Lenders when you’re buying Real Estate… Here’s how to understand how they differ. … Continue readingTypes of Lenders
How to ‘Shop’ Title Companies
There are plenty of ways to save money when buying or selling real estate, but one vital area that I’ve noticed most people don’t think to look is… shopping around to lower title fees. Sure you called your mom’s favorite friend that works at a … Continue readingHow to ‘Shop’ Title Companies
Credit 201: “Debt Consolidation – Part 2 – Strategy”
Each person has such different amounts of income as well as debt. Their loan types and overall credit history are varying so widely. I almost always have to tailor the strategy to the person and what they have on their particular plate. That said, there are still some core principles and key steps I believe can help no matter the ranging differences. … Continue readingCredit 201: “Debt Consolidation – Part 2 – Strategy”
Credit 201: “Debt Consolidation – Part 1 – Things You Should Know”
Successful consolidations are rarely One-Hit-Wonders, meaning they usually take a few initial steps in order to increase your score / lower your debt-to-income before an amount adequate enough to payoff all of the debt can be approved. … Continue readingCredit 201: “Debt Consolidation – Part 1 – Things You Should Know”
Credit 101: “Debt-to-Income”
What Exactly Is Debt To Income and Why Is It So Important? The Debt-to-Income Ratio is perhaps one of the most mentioned yet least understood ratios in the topic of finance. It’s quite simple when you break it down in normal layman’s terms. Most lenders … Continue readingCredit 101: “Debt-to-Income”
Credit 201: “Loan-To-Value: A Buyer’s Guide to Being Right Side Up!”
LTV or “Loan-to-Value” is the ratio that tells lenders how Upside-Down you are on your collateralized loan. … Continue readingCredit 201: “Loan-To-Value: A Buyer’s Guide to Being Right Side Up!”
Credit 201: “GAP Policy; Do I Need It? Maybe.”
Anyone that tells me they “always get GAP” or “never get GAP” has made a foolish error. The decision of whether to get a GAP policy or not get a GAP policy is one that should be made completely based on the actual numbers, NOT opinions or preferences. I’ll walk you through what GAP is, how to tell whether you need it or not, and how to make sure you don’t pay too much for it. … Continue readingCredit 201: “GAP Policy; Do I Need It? Maybe.”