Your Lender for Life
What does Labor Day mean to us? To many, it means the end of summer. To others, it means the beginning of school. Those are accurate assumptions but Labor Day is really much more. Labor Day will be observed on Monday, Sept. 3 2018. Labor Day: How it Came About & What it Means Labor …
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Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For buyers in Massachusetts, closing costs will come to about $3500 plus lenders title insurance and any pre-paid items such as real estate taxes, insurance and interest. There may be closing costs customary or unique …
There’s more to comparing the costs of renting and owning than the dollar cost of payments. Even with numbers like these, some still say renting is better: "Investing in a home is riskier than renting." No risk, no reward. Besides, even studies conducted by the Federal Reserve show that owning can provide a net worth that is …
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 …
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Whether you call them Piggy Back Loans, Blended Mortgages, A first and second, 80-10-10, these loans are extremely helpful in avoiding Private Mortgage Insurance (PMI). When you have less than 20% to put down on a home, you are charged Private Mortgage Insurance, this added cost is based on the actual down payment as well …
A psychologist walked around a room while teaching stress management to an audience. As she raised a glass of water, everyone expected they’d be asked the “half empty or half full” question. Instead, with a smile on her face, she inquired: “How heavy is this glass of water?” Answers called out ranged from 8 oz. …
Have you ever called a mortgage company and received a quote and then called back the next day and the same rate was no longer available?? Mortgage companies, Banks and Credit Unions are subject to potential daily and even hourly shifts in the market. Interest rates fluctuate on the simple principal of supply and demand. …
National Doughnut Day started in 1938 as a fund raiser for Chicago's Salvation Army. Their goal was to help the needy during the Great Depression, and to honor The Salvation Army "Lassies" of World War I, who served doughnuts to soldiers in the First World War. Soon after the US entrance into World War I …
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In the housing market, the best deal doesn’t always come with the lowest price. Price vs. Payments - If you're financing your purchase, you'll probably never come close to paying the actual price. You're making a comparatively small down payment and then paying interest on the loan until you refinance or sell. Yes, you will have …
Having your bank account statements in order and avoiding the deposit traps will help assure a smooth mortgage application and approval process. Follow these simple steps and remember, if you have a question, just ask me!! Document the source and purpose of deposits not clearly identifiable as being from your employer. If a deposit does …
