The Home Buying Deal Killers

Buying a home is very exciting. However, nothing can be a bigger disappointment than finding out that your loan is denied before you are about to close your transaction! You’re a week away from having the keys to your new home and your loan officer calls to let you know that your loan was denied …

What rates are the Fed’s adjusting?

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire …

Let’s Talk Credit: Understanding your Credit Score

credit score

Did you know? FICO is an acronym for Fair Isaac and Company. In the 1950’s, Fair Isaac and company created the mathematical calculation that is used to determine your credit score.  It is a tool that was designed to determine one’s credit score and dependability in paying bills. The terms credit score and FICO score …

What affects your credit?

Did you know that a large portion of your mortgage approval and mortgage rate are based on your credit scores.  In today’s market, it is now more important than ever to pay attention to your credit scores as well as the balances you keep. Credit scores were developed by Fair Isaac and Company (FICO). The …

Is it too late to Refinance?

It's not just about interest rate anymore, it's about cashflow!  Creating wealth by increasing your monthly cash-flow.  Back in the early 90's, to refinance, it was suggested that you drop your rate by 2 percentage points.  Loan Amounts at this time were far less and you needed a significant drop in rate in order to save …

10 Things to do before listing your home

 To help make the selling process easier for you, it makes sense to have your home inspected before listing it.  It may sound like a hassle but it could save you a lot of money and stress early on.  The inspection will pinpoint red flags and areas that have potential problems.  It also gives you …

Fed Leaves Interest Rates Unchanged… And…

A divided Federal Reserve held the line on interest rates Wednesday and indicated formally that no cuts are coming in 2019. The decision came amid divisions over what is ahead and still leaves open the possibility that policy loosening could happen before the end of the year depending on how conditions unfold. The central bank …

Before Putting Your Home on the Market

Documents you will need Deed If you have right of ways, deed restrictions or easements get the documentation that clearly spells out the restrictions of the property. Know if you are in a flood plain - FEMA’s website can be helpful. Go to the Town Hall: Field card at the assessor’s office Get your most …

Mortgage Rates continue to drop… But Why?

Mortgage rates are improving every day, the treasury markets are having the biggest really since 2008!?  Why??  Actions by President Trump and the Tarrifs that are being implemented.  Fed funds futures contracts extended their rally and are now indicating more than half a percentage point of interest-rate cuts this year by the U.S. central bank. …

Feds leave rates unchanged

The Federal Reserve left borrowing costs unchanged, continuing to delay any rate moves amid persistently low inflation. The U.S. central bank voted unanimously Wednesday to maintain its benchmark interest rate in a range of 2.25 percent and 2.5 percent, a move that many anticipated despite stronger-than-expected growth in the first quarter of 2019 and an …