When an aspiring homeowner applies for a mortgage to finance the purchase of a home of their own they are confronted with a great many decisions. Decisions they may not be equipped to answer without professional guidance. One of those decisions is whether or not to pay loan discount points to secure a lower interest Read More >
What are Loan Discount Points and Why Do Lenders Charge Them?
Posted on: 01.28.16
The mortgage industry, like any other industry, has its own unique terminology that no dictionary or thesaurus can help you with. Among those unique terms are the words “Loan Discount Points,” and not understanding what they are and the role they play in a purchase or refinance transaction can have a significant impact Read More >
The Tax Deductibility of Mortgage Insurance Receives Another Stay of Execution
Posted on: 01.05.16
On December 18, 2015, as part of the Protecting Americans from Tax Hikes (PATH) Act of 2015, the President signed legislation that retroactively renews the tax deductibility of mortgage insurance (MI) premiums for qualified borrowers through 2016. The deductibility is effective for purchase and refinance Read More >
The 6 Biggest Mistakes People Make When Paying Off Debt
Posted on: 12.10.15
There are three primary types of debt available today: 1) Revolving, 2) Installment, and 3) Mortgage. Revolving debt is the most costly type of debt and is typically made up of credit cards, which allow you to use someone else’s money, pay down the balance, and use that money again. Installment debt is typically a Read More >
The Quickest and Most Efficient Way to Get Rid of Credit Card Debt
Posted on: 11.24.15
Getting rid of outstanding credit card debt is generally a top priority for most people that have credit card debt, but they either don’t know how to go about doing that, they don’t have the extra money necessary to do it, or both. There’s good news for those that own a home. The quickest and most efficient method Read More >
What is “Financial Health?”
Posted on: 10.27.15
According to Investopedia, Financial Health is a term used to describe the state of one’s personal financial situation. Their definition goes on to say that there are many dimensions to financial health, including the amount of savings you have, how much you are setting away for retirement, and how much of your income Read More >