Protect Your Indentity/Credit!

Protect Your Indentity/Credit!

Protect your Identity/Credit!

One of the most disheartening situations I come across as I work with people in this industry is when I run someone’s credit and it is full of items they knew nothing about. It can take months to clean this information off of your credit report. I recently received an email with several great suggestions on how you can protect your credit/identity. These suggestions may save you a lot of grief.

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Does Loan Structure Really Make A Difference?

Does Loan Structure Really Make A Difference?

One of the things that aggravates me most are the people in my industry who claim to be mortgage consultants but either lack the knowledge or are unwilling to share their knowledge by explaining to their clients the options they have in the structuring their loan. It has been my experience that this may be one of the most important factors in helping my clients achieves their goals.

Let me share three examples of how the structuring of the loan creates a significant difference in the results to the borrower. In all three examples the borrower has come to me and wants to refinance their loan. Their current principal balance is $350,000, their interest rate is 6% and their monthly payment is $2,255 and they have 25 years remaining on their loan. The rate for a new 30 year fixed rate mortgage is 5% and all loan costs will be included in the new loan in each example.

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Do Online Refinance Calculators Tell the Full Story?

Do Online Refinance Calculators Tell the Full Story?

There are many online refinance calculators, sometimes referred to as breakeven calculators which are designed to allow you to see how quickly you can breakeven with the savings achieved with a refinance vs. the cost of the refinance. This is a very valuable consideration in determining whether or not a refinance would be a good […]

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