One common question I've gotten recently has been around mortgages. "Why did my bank sell my mortgage? I want to find a bank that holds onto my loan." While this may be a big deal to someone who is shopping around to refinance, it's rather insignificant so a high-level overview is all that's …
mortgage
How To Pay Off Your Mortgage Quicker
How Can I Payoff My Mortgage Quicker? It's quite easy actually as it requires a simple budgeting technique. The majority of us budget on a monthly basis yet get paid on a biweekly basis. This means that we budget around 24 paychecks (2 per month), but we actually receive 26 paychecks each year …
The 5 C’s of Credit
Think back to your first job interview. Did you research the company before? Did you think of answers to questions that might be asked? If you’re the least bit successful, you are probably answering yes to these prior questions. Odds are - you went in highly prepared. Now think of the first time …
PMI & PMS
It’s that time of the month. Your stomach is in knots. You’re in a horrible mood. Your underwear looks like a crime-scene. Leona Lewis can’t even describe the bleeding that’s going on. Grossed out yet? Well you shouldn’t be. It’s not what you think. I’m simply describing a 25-year-old male …
What is the Difference Between Interest Rate and APR?
I told you in my last post, I was going to do it. Did you not believe me? Important Disclosure: Skip to the bottom if you’re in a hurry. Picture this: Every conversation with your friends includes one of them telling you how low their mortgage rate is. You research mortgage refinancing …
What Affects Mortgage Rates?
We’ve had our fair share of bad news recently. Earthquakes, tsunamis, lockouts, rioting. Since it’s a crisp 82 degrees in sunny Charlotte NC, I’m finding it hard to report anything negative. I previously mentioned how investors are fleeing stocks and entering the bond market (I don’t expect this to …
