Young People are Spending $100,000 on Someone Else’s Mortgage

If you’re young and you rent, you may want to reconsider what you owe. According to the US Census Bureau, renters will spend almost $100,000 on rent by the time they hit 30 for a ten year period. That’s 45 percent of your income. Why is that number kind of backbreaking? Because that’s more than
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Reach for the Stars and Get Financially Ready to Buy a Summer Home

Getting financially ready is never about making some big drastic change overnight. We like to say things like: “I’ll get a new job” or “I’ll buy that awesome new Corvette” or “I’ll buy that new home”. But as the health and wellness gurus tell us – the change has to be gradual, and has to
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Talladega Nights: Good Credit With A View

by David Castillo The myth of credit is that it doesn’t buy you anything. But that’s like saying being a university professor doesn’t buy you anything. Just like an esteemed job creates opportunities, good credit establishes liberty and leisure. Good credit gives you the freedom to buy things you might otherwise not afford. And one
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Home Loans and Home Buying in the Spring

Spring is the time for buying a home. The weather’s nice, families are looking to find newer nicer homes and people are looking for a change of pace. Here are a few pieces of helpful information on home buying and home loans this warm Spring season. Getting a home loan is a sometimes arduous task
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College Students: Don’t Ruin your Credit

Being on your own for the first time can be exciting and liberating, but be mindful not to make the following credit mistakes that could haunt you for a very long time. Abusing easy credit As a student, you are an easy target for credit card companies. You are easily approved and can spend money
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How does a Rent-to-Own Agreement Work?

We hear the term “rent-to-own” often, but do you really understand what it involves and how it could work for you in purchasing a home? Rent-to-own, also known as a lease option, is a contract that allows renters to lease a property and, at the end of the lease (usually one to three years), have
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5 Ways to Revive Your Credit After Bankruptcy

Coming out of bankruptcy proceedings may initially bring you peace of mind because it is finally over.  But then you are hit with the next unfortunate phase of the process and that is trying to repair your credit. Even though many people have been through the bankruptcy system, many find it embarrassing and therefore, don’t
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What Your Mortgage Lender Wants to Know

Applying for a mortgage loans? In order to get the best rates on loans and mortgages, you have to be able to prove to prospective creditors that you are trustworthy enough to re-pay your debt. And often enough, the basis of your credit worthiness comes long before you’ve even thought of applying for larger loans
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10 steps to buying a home

For first-time home buyers, it can be a little overwhelming to think of the process. Here are 10 basic steps you can prepare for as you start thinking of purchasing your first home. It’s a big investment, so research and get a financial adviser to help you through.           1. Define
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Introduction to Refinancing on Your Home

Nowadays, any relief from the stack of monthly bills that pile up can help. If you’re looking to find some relief from your mortgage, you may be considering refinancing. Investopedia defines refinancing as a business or person revising a payment schedule for repaying debt. Oftentimes, refinancing can get you a lower interest rate, lower monthly
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