Category: Loans

Don’t Be Fooled By Mortgage Fees

For most people, a mortgage will be the largest single purchase in one’s life time; hence it’s important to understand all the fees associated with a mortgage loan. Some are easy to understand while some are not. 1. Discount Point A discount point is considered a prepaid interest where lender charges borrower a fee to buy down rates. The lower… Read more →

Spring Clean Your Credit!

Spring cleaning is the practice of cleaning your home during the spring season, but it’s also a good time to clean up your credit score! Here are some great ways to help improve your credit: 1. Check your credit report annually The most common complaint I see from clients is when unexpected records are found on their credit reports. Checking your bills routinely would help you… Read more →

Reasons to Love Your Mortgage!

When I’m talking to someone, whether it’s a friend or a client, they often tell me that they hate their mortgage. To them, like most people, they feel that having a mortgage payment is a big financial liability and a once-upon-a-time promising investment. Little did they know that having a mortgage is better than none. Here are ways to make the… Read more →

Financial New Year’s Resolutions

A New Year is just around the corner and it’s the best time to look at what financial goals and objectives you have going into 2017. 1. Pay off or consolidate debt Because credit cards have such high interest rates, the minimum payment is often only sufficient enough to pay off the interest on the balance owed. One way to handle this is to consolidate… Read more →

Maintaining A Healthy Credit Score

Understanding the importance of credit when it comes to lending is extremely crucial. Your credit rating plays a significant role in qualifying for a mortgage; but not only that, the higher the credit score, the better your rates and term will be. To take full advantage of the rates, most lenders would require a credit score of at least a… Read more →