In a post entitled “So, You Want to Buy a House?” I stated that the first step in buying a house is to determine how you intend to pay for the house. The two ways to pay for a house are to 1) pay cash, or 2) finance. If paying cash isn’t an option for you, the next step is to get prequalified to determine how much Read More >
So, You Want to Buy a House?
Posted on: 10.08.14
You’ve thought about it, you’ve talked about it, and now you’ve decided you want to buy a house of your very own. But, where do you start? The first step is to determine how you intend to pay for the house. You have two options: 1) pay cash, or 2) finance. The truth is even if you pay cash, you are still choosing to Read More >
Money Isn’t Math and Math Isn’t Money – The Impact of Inflation
Posted on: 08.26.14
Money is a commodity. It changes in value and can erode over time. Math does not change, which is why we can never make the two synonymous. Let’s explore the impact that inflation has on our daily lives. Inflation has been called many things over time (i.e., a hidden tax, the silent killer, etc…), but what is it Read More >
How Can You Monitor Your Credit Profile For Free?
Posted on: 07.29.14
Because your credit scores are based on information in your credit report, it is important to make sure that the information in your credit report is accurate. You should review your credit report from each credit reporting repository at least once per year and especially before a large purchase, such as a house or a Read More >
What Makes Up a Credit Score?
Posted on: 07.22.14
While there are 22 criteria that determine a credit score, they can be narrowed down to 5 ‘key’ criteria. Let’s look at what each category measures and some of the primary ways you earn or lose points for your individual score. 1) Payment History – This represents 35% of your credit score and is the history of Read More >
What Does Affect a Credit Score?
Posted on: 07.15.14
There are 22 criteria that determine a credit score and the formulas that each credit bureau uses to calculate their respective credit scores are a closely guarded secret. Some of the criteria are fairly obvious, but most are not. You can achieve a higher credit score if you understand the criteria for how you are Read More >