Can College Graduates Get a Loan?
You have to have 2 years employment to get a loan. FALSE! I was reminded of this today when a realtor asked me if their client who had just graduated from their Bachelor’s degree last June could buy a home, or if they have to wait until 2017. I told her YES, that this...
Economic News: Quiet Week Leading into the Christmas Holiday
Not much happened except the Federal Reserve Open Market Committee finally decided to raise the prime rate by 0.25% – since the markets had been guessing all year as to when this would happen, “now-howbout-now, howbout-now, howboutnow” becomes ok, ….now. Long...
Could You Use an Extra $500 in Cash Flow
Finished out Level 1 class for investors and had our first student get an offer accepted on a triplex with $30,000 down and $500 per month in cash flow. If you are worried about the stock market, start learning about real estate investing. I am always so happy when...
True or False: When the Prime Rate Goes Up, Fixed Rates Go Up
FALSE! My experience in the last 25 years is that when they raise the prime rate, markets react with a sign of relief, and therefore, at least temporarily, the fixed rates go down. Also it should be noted that when the prime rate goes up, corporations’ debt service...