Mortgage Mistakes to Avoid

This topic has become increasingly more relevant with the restrictions and intricacies of the mortgage world. There are lenders out there promising things that they have no control over. The average homebuyer is under the assumption that they way to find a good...

Historical Average Rates (1976-2011)

Historical Average Rates (1976-2011) Year Rate Year Rate Year Rate Jul-76 8.93 Jul-88 10.43 Jul-00 8.15 Jul-77 8.94 Jul-89 9.88 Jul-01 7.13 Jul-78 9.74 Jul-90 10.04 Jul-02 6.49 Jul-79 11.09 Jul-91 9.58 Jul-03 5.63 Jul-80 12.19 Jul-92 8.13 Jul-04 6.06 Jul-81 16.83...

Is it time to “lock-in” your loan?

Is now the time to lock the interest rates on your mortgage? Here are a couple of things to consider: 1.The major concern is the growing possibility that the rating agencies are looking at downgrading our government’s bonds from AAA status.  By lowering the credit...

Rent vs. Buy – Buy, Buy, Buy…

Is it better to rent or buy in the current housing market? The answer to that question all depends on your location and personal situation. There are certain situations where renting short term probably makes sense. It may make sense if you are retiring to a different...

Rent can NOW BOOST your credit score!

On-time rental payments now help boost credit scores In the past, only negative rental payment data such as evictions and collections were reported to consumer reporting agencies. Therefore, your on-time rental payments never helped boost your credit scores, unlike...