Even if you’re pre-approved for a mortgage you still have some time to go before you can get your cash in hand. Everything that you do before you close on a mortgage could have an effect on you. There are 10 things that you should not do before you close on your mortgage.
1. Don't…
Geico Insurance Summary
Geico is one of the most well known insurance companies on the market today and opened in 1936. They have amazing reviews and ratings from several different online sources. The group offers some of the most affordable car insurance coverage out there, so you’ll probably want to consider them when hunting for…
Getting a mortgage and buying a home is one of the biggest milestones in adult life. It’s no wonder most people still hope they’ll be able to afford their own home someday. But with more and more concern over the rising rate of student debt in the country, many people are wondering how student loans…
These days people can be understandably worried about having too many credit cards, but not many people realize you can also have too few credit cards as well.
The truth is that managing credit debt, credit scores, and using credit cards responsibly can be complicated work. However, there are some general financial rules that you…
Federal Reserve Turnover Could Affect Mortgage Rates
Two key leadership positions in the Federal Reserve are up for re-appointment this fall. The Biden administration is considering changing up the leadership to appoint officials who are more concerned with climate change, banking regulation, and income inequality. There is pressure from Progressive democrats to take this opportunity…
The VA Has A Little Known Program To Help Veterans Keep Their Homes
The federal mortgage forbearance program being offered through all of the governmental housing agencies is open for enrollment through September 30th, 2021. However, the VA has a second, separate plan available to veterans. This plan is known as the VA Partial Claim…
FOMC News Signals Multiple Rate Hikes Through 2024
The Federal Reserve is meeting today for the Federal Open Market Committee's September policy setting session. Interest rates were not raised during this meeting, but the committee is discussing the process of tapering the Fed's bond buying program. Tapering could begin this year, but rate increases are…
Virtual Closings Will Be The New Normal in 2022
Since the onset of the Coronavirus in March 2020, virtual interactions have become more prevalent throughout society to keep the distance. This year in 2021, the real estate industry has also adopted this method of communication/commerce and is growing in popularity throughout the mortgage and real…
Many Seniors Could Boost Their Retirement Income With A Reverse Mortgage
A reverse mortgage allows a senior citizen to make money by receiving payments monthly against the home they own. This is a supplemental income source compared to more traditional investment income sources such as bank fixed deposits, national savings certificates, etc. This income is…
Sandra Thompson Has Rapidly Improved The FHFA
There have been rumors President Biden is electing a new FHFA director. Despite whether this is true or not Sandra Thompson deserves a round of applause for her work. She has literally cleaned up the mess her predecessor has made and has done a great job of…