by admindan | Aug 23, 2023 | Financial Information, Money Tip
Kickbacks in mortgage lending and real estate occur too often. You may not see it directly in your loan, but many Loan Officers are giving or paying for borrower introductions which COST YOU MONEY. Why can there be as much as 1.50% difference in rate quotes between...
by admindan | Aug 15, 2023 | Financial Information, Money Tip
Are you wondering if NOW is a good time to purchase a home, when mortgage rates are so high and there’s limited inventory? Yes, it is, because less people are willing to purchase a home at these rates. But you can refi when rates are lower in the next 1-4 years....
by admindan | Jul 25, 2023 | Financial Information, Money Tip
Watch out, some loan officers will completely take advantage of you to make big money. Problem: Last week a financial advisor asked me to evaluate his client’s cash-out refi. The Veteran borrowers wanted $90,000 cash-out to pay off credit card debt and upgrade...
by admindan | Jun 27, 2023 | Financial Information, Money Tip
Are you wondering why mortgage rates are so high? Do you want to know how long this high rate environment will last? Me too! I’ve been working directly in areas of mortgage interest rates, forecasting, hedging and securitization for 35+ years. I’ve learned a lot,...
by admindan | Jun 14, 2023 | Financial Information, Money Tip
Do you want to purchase a home? Awesome! Congratulations! Why should you apply for a mortgage loan months or years in advance? Too often, buyers/borrowers start looking at houses first, find the “perfect” home, only to find out they do not qualify to purchase it. Too...
by admindan | May 16, 2023 | Financial Information, Money Tip
Are you self-employed and want to save as much as $6,000 on yearly taxes? Referred to as the Augusta Rule, you can use your primary or vacation home as a meeting location, up to 14 days per year, record the income and get a large tax deduction. You, your friends or...