There are a lot of factors that go into answering this question. Example: you may have a real estate agent who works for a real estate broker and makes only 60% of a 3% earned commission on a transaction, while a Mortgage Broker makes 2% on this same transaction. For simplicity’s sake, let’s say this...
10 Debt Management Tips for New College Grads
replace with new post here From Money Talk Magazine Congratulations, college graduate! You’ve just completed an important milestone in your life. So now it’s time to face reality. If you had financial help along the way, it won’t be long before those you owe come knocking. The student loan debt won’t pay itself. So, you’ll...
Planning to Buy Your First Home
Planning to Buy Your First Home Someone asked me the other day when people should start planning for buying their first home. I replied that 8th grade would not be too early for a class in home ownership – I was only sort of joking. When you go to buy your first home, you’ll find...
Getting a Mortgage 1 Year After BK or Foreclosure
An old client contacted me yesterday worried that she would not be able to get a mortgage to buy a home. Her loan had gone into default a couple of years ago and a Notice of Default – the first step in the mortgage process – had been filed. To your credit report, this is...
19 Things a New Homeowner Should Do Immediately to Save Money
by Trent Hamn 19 Things to Do Immediately to Reduce Your Home Energy and Maintenance Costs 1. Check the insulation in your attic – and install more if needed. If you have an unfinished attic, pop your head up there and take a look around. You should see insulation up there between the beams, and...
Don’t overlook this when calculating mortgage refinance savings
by Aaron Crowe Determining if refinancing a mortgage is right for you is relatively easy. If you’re going to stay in your home for awhile and can get a mortgage rate lower than your existing rate that drops your monthly payment, then it’s probably worth doing. One of the many online mortgage calculators will quickly...