Articles
December 10, 2015
Is Paying Off Your Mortgage Early a Good Idea?
Paying off your mortgage is something most homeowners constantly think about. But is paying off your mortgage early a good idea? According to a recent article by Kristen McFarland in U.S News & World Report, there are some things to seriously consider…
December 3, 2015
TRID Update Shows Everything Going Smoothly
The Consumer Financial Protection Bureau’s newly instituted Truth in Lending Act/Real Estate Settlement Procedures Act Integrated Disclosure (TRID) designed to give borrowers a better understanding of their home loans is not nearly causing the potential widespread disruption in the housing market that…
November 19, 2015
What NOT to Do When You’ve Applied for a Loan
So you’re ready to buy a home, you’ve found the perfect property, you’ve gotten pre-approved with a lender and the process is underway… Fantastic! Now, here’s a list of things you should NOT do while that transaction is in escrow. In fact,…
November 12, 2015
Information About Second Mortgages
In my last blog article, I provided information on Home Equity Lines of Credit (HELOC). Sometimes, however, that can be referred to by a different name. Many homeowners have heard the term “second mortgage,” but not everyone knows exactly what it is…
November 5, 2015
Home Equity Lines of Credit
Unlike 30 year mortgages, the interest rates on most Home Equity Lines of Credit (HELOC) are based on the Prime Lending Rate. So when you hear the FED talking about raising interest rates, HELOCs are directly related to these hikes. In fact,…
October 29, 2015
What is Probate and How Do You Avoid It?
Probate can occur with a home when the home owner dies and the property is not properly set up to be passed on to heirs. It can be a very expensive, lengthy, and stressful time, and it is very avoidable. If you…
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