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Benefits to Mortgage Debt

In order to buy a house, most Americans take on a mortgage loan. While debt is usually to be avoided if possible, when it comes to a mortgage there may actually be some financial benefits for borrowers. Liquidity If you dump all your extra funds into paying off your mortgage, you may be in a tight spot if you face a financial emergency. Family deaths, divorce and health traumas are just a few things that can quickly rack up enormous debts. If you do not have a sizable emergency save up and you have been sinking all disposable cash into your home, you may end up selling your home to pay f...

June 5th, 2019 | Debt, Credit, Mortgage, Benefits to Mortgage Debt

Are we closer or Further away?

This week we will see the release of the November employment numbers. The key question we will be watching is whether we will be moving closer to a rate increase or further away with respect to the Federal Reserve Board’s meeting next week. According to the minutes of the last meeting, the Fed’s members had a healthy debate about the threat of inflation. Inflation “hawks” were worried that the tight labor market carries a risk that rising wages will quickly increase inflationary pressures. On the other hand, the “doves” feel that the absence of large wage...

December 5th, 2017 | Federal Reserve, Interest Rates, Mortgage, Loans, Are we closer or Further away?

Busy December on Tap!

As we approach December, we can see that we are in for a busy month with regard to the economy. With the recovery continuing from the Hurricanes, the Federal Reserve Board’s Open Market Committee will also be meeting with the consensus pointing to another increase in short-term interest rates. Outside of major shocks, the only factor which seems like it has the potential to change the Fed’s mind would be a very weak employment report. This report is due out in early December Meanwhile, all eyes will be on Congress as they continue to hash out details of the tax reform proposals....

December 1st, 2017 | Mortgage, Home, Federal Reserve, Interest Rates, Busy December on Tap!

Are you Ready To buy your first House? Millennial’s I’m talking to you.

Think about your future and the goals that you had set in mind.  If I were a millennial, I would think about buying a home with a 15 year term.  This will allow you to build equity quickly.  If you are a spender and don’t think about saving money, then 30 year term may be the right choice.  A 30 year payment will allow for a smaller payment then the 15 year term.

September 13th, 2017 | future, buying a home, Mortgage, fist-time home buyer, Are you Ready To buy your first House? Millennial’s I’m talking to you.

Is it Time to Refinance your mortgage?

I’ve been helping a lot of my clients refinance, consolidate their debts and lower their terms on their mortgages.  Many people don’t understand the benefit of refinance their homes until they sit down with me and ask the questions of why should they refinance.   Owning a home brings lots of personal satisfaction to you but knowing what is out there within your home is very rewarding too.  Do it now and ask me questions about refinancing your current mortgage.

September 11th, 2017 | consolidate debt, refinance, Mortgage, Is it Time to Refinance your mortgage?

Third Quarter for the end of 2017 to affect the average person

It is very interesting to see what are people doing 3 months before the end of the year 2017.  The Federal Reserve board is meeting again and they are considering changes to the interest rate, so what?  How is this going to affect the average person?  Everyone is more interested in what is in for them, and not affected by hundred or thousands of points of data to consider.

August 27th, 2017 | 3rd Quarter, Mortgage, Federal Reserve, Interest Rates, Third Quarter for the end of 2017 to affect the average person