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
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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
What Is PMI?
This is not the same as Homeowner’s Insurance which covers the property in the event of fire, theft, etc. PMI or Private Mortgage Insurance is a coverage mandated by a Lender anytime you, the borrower, do not have 20% equity in the transaction. This is … Continue readingWhat Is PMI?
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 101: What’s So Good About “Good Credit”?
The most prevalent benefit and purpose of having Good Credit is increased approvability for loans and better loan terms, but beyond that it’s important to know what other factors in life are affected by good or bad credit. … Continue readingCredit 101: What’s So Good About “Good Credit”?
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.”
Mr_Business_Casual: Source Citing History
All references to the bible: Holy Bible, New Living Translation, copyright © 1996, 2004, 2015 by Tyndale House Foundation. Used by permission of Tyndale House Publishers, Inc., Carol Stream, Illinois 60188. All rights reserved. using www.BibleGateway.com www.FitBit.com