How You Can Refinance to Have a Home Worth Thousands!
Client graduates from Pharmacy school with $170,000 in student loan debt. No, that’s not the win, but here it is. She bought a home with her hubby while in school. They bought March of 2012 for $410,000. Put 20% down. Now the house is worth $550,000-600,000 and she...
Are There Good or Bad Loans?
FHA loans are bad because they have PMI. FALSE. There are no good or bad loans; it depends on what’s right for you. I have client who recently called to refi. Their interest-only loan was about to become principal and interest with DOUBLE the payment they currently...
Bad News for Stocks, Good News for Rates
While the news is not bad, the rates fell. This week we got the December consumer price index, and it was down .1%, with the core rate up .1%. December housing starts were down .25%, and building permits were down 3.9%. All are not good signs, as construction is a...
How To Decrease Your Interest Only Loan Payment
You probably remember the interest only loans from years ago. Those loans were most popular in 2005, 2006, and 2007. Most of them had a 10 year interest only period after which the loan started to amortize (include principal). Here we are 10 years later and people are...