Mortgage

My Mortgage Broker Nightmare

October 3, 2011

Good Morning DINKS.  Today we are discussing the balance between receiving good customer service from our Financial Advisor and finding the best pricing for our financial products.  Let me ask you a question, if you could only have one which would you prefer to have? Establishing a relationship with a Personal Banker is important for [...]

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Do Your Parents Have a Mortgage?

May 18, 2011

The days of couples retiring with a mortgage are a thing of the past.  Nowadays more and more of our parents are retiring with a mortgage on their home.  The days of getting a 30 year mortgage at the age of 25, and having it paid off by the time we retire at 55 is [...]

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Weekly Roundup: Paying off our mortgage vs. Saving our money

April 1, 2011

Happy Friday DINKS! As we all start to receive our tax refunds we must ask ourselves should we save our tax refund, or should we use it to pay off debt? This is a major financial question that is always hanging over the heads of investors, homeowners, and financial planners. Whenever people have a lump [...]

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Your Mortgage: Financial Institution vs. Mortgage Broker

February 8, 2011

Shopping for a mortgage can be both time consuming and frustrating.  Some of us may choose to shop around for the best interest rates.  Some of us may choose to take our mortgage from our primary financial institution out of loyalty.  There are several different factors such as closing fees, the home inspection, and commissions [...]

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Retiring With a Mortgage

December 14, 2010

As we grow older, so do our parents.  As we move out from our childhood homes our parents have become DINKS-Again.  It is becoming more and more common for our parents to retire and sell their home for various reasons. My father is currently thinking of downsizing. He says that it is because he is [...]

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Why Do We Have Debt?

October 14, 2010

Many values that we live by during adulthood are installed during our childhood.  This also includes how we value money.  We are told that we should be financially responsible and we need to build good credit.  However, we are never told the importance of a good credit score; we are only told that it is [...]

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How to Know If Refinancing Is Worth It

July 7, 2010

Wow! The average interest rate for a 30-year fixed-rate mortgage dropped to 4.74% in June. That historically low rate should pique your interest if you have a mortgage or are thinking about buying a home. What is a Mortgage Refinance? Refinancing is when you take out a new loan in order to pay off an [...]

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Less Than Perfect for a Mortgage

May 26, 2010
Thumbnail image for Less Than Perfect for a Mortgage

Waiting for a decision on your mortgage application is like waiting for blood test results or waiting for your tax return. You secretly hope for one answer but you are also prepared for the worst. If your mortgage application result comes back negative, then don’t worry…you have other options. As a financial planner my primary [...]

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Is Negotiating Credit a Lost Cause?

April 27, 2010

Credit products such as Mortgages and Credit Cards can in some cases be negotiated on the client’s behalf. But don’t be mistaken, regardless of the wonderful deal that your personal banker is promising you; in the end the bank always make a profit. Sometimes (I admit to using this strategy) personal bankers will tell you [...]

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Getting A Mortgage Today

March 22, 2010

Hello Folks, I’m getting slammed at the University and won’t get a chance to put down a longer, more substantive posting today. Instead, here is a video from Kiplinger’s personal finance. Its on the topic of how the mortgage market has changed in recent years. Some of the highlights: its harder to get a mortgage, [...]

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