Is your Mortgage Rate over 4.00%?

Refinancing your mortgage means replacing your current mortgage with a new loan. The most common reasons why owners refinance are to lower their interest rates and lower their monthly payments. However, homeowners may refinance for a variety of reasons, such as wanting to change the terms of the loan, using their home’s equity to make …

10 Tips for First Time Homebuyers

10 Tips for First-Time Homebuyers Are you a renter with a secure source of income? Is your credit history good? Do you plan to stay in the same area for at least the next four years? If you answered yes to those questions, welcome to the housing market. It might be time to stop thinking …

Is your mortgage rate over 4.00%?

It's not just about interest rate anymore, it's about cashflow!  Creating wealth by increasing your monthly cash-flow.  Reasons to Refinance: If you can answer yes to any of these questions, then Refinancing might be right for you. Paying PMI (private mortgage insurance) Have an Adjustable Rate Mortgage Credit Card Balances over $10,000 Need cash for renovations …

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 …

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 …

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 …