RECENT BLOG POSTS
A prepayment penalty is a fee charged to borrowers that make full payment on their mortgage, or pay off a substantial portion (generally anything exceeding 20% of the total loan amount), ahead of schedule. This is a clause written into some contracts to protect the lender’s book of business in ex...
10/28/2011
  Preparation is a crucial element to success in all your endeavors, be it preparing for an important meeting or an upcoming summer vacation. AsZig Ziglar once said, “You were born to win, but to be a winner, you must plan to win, prepare to win, and expect to win.” Ronald Shapiro, author of the ...
10/28/2011
These days, many adults are taking classes to retool their skills or learn about new industries. With a little research and a little effort, returning to school may be a whole lot easier…and a whole lot cheaper…than you think! Here are some great tips for getting that education for free.Scholarsh...
10/28/2011
There seems to be a lot of credit protection companies popping up recently that promise to help you lock down yourcredit information and protect your identity. And while these services can be valuable and worth the subscription fees and cash guarantees, there are steps proactive consumers can tak...
10/28/2011
Title is the legal documentation that bestows ownership of real property. This is to be indicated in Part II of the 1003 Uniform Residential Loan Application as “manner in which title will be held.” The decision of how the title will be held should not be put off until the last minute since it ha...
07/21/2011
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Your Digital Photo Gallery Just when you thought that the folks at Google™ had exhausted all of their good ideas, here comes another one. Picasa is a free, downloadable program that’s practically a one-stop shop when it comes to digital photos! If you’re like many, you gave in and traded your 35...
07/12/2011
Intermediate Fixed Rate mortgages (sometimes referred to as Short-Term Fixed Rate mortgages, or Hybrids) come in numerous varieties; the 3, 5, 7 and 10-Year Fixed. These are all 30-year loans that carry a fixed rate for a set number of years, and then roll over to an Adjustable Rate Mortgage. Fo...
07/11/2011
Private Mortgage Insurance or PMI is insurance to protect the lender in the event that a homeowner defaults and the lender is forced to foreclose. PMI comes in three flavors and, depending on loan type, can be paid upfront, monthly and/or financed into the home buyer’s interest rate or loan amou...
06/29/2011
A New Option to Explore Remember when Ma Bell was deregulated in the 1980s? If so, then you may also remember how the resulting competition cut the price of your monthly phone bill. The good news is that we may experience similar price-slashing in the near future, thanks to the Internet. Interne...
06/29/2011
A 15-Year Fixed Rate loan works well for borrowers who are nearing retirement and want to be debt-free when they get there. Because payments in a 15-year scenario are amortized over half the length of a 30-Year Fixed Rate loan, the monthly payments will be significantly higher in comparison. Thi...
06/17/2011
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