Welcome to the Wonderful World of Closing Costs and Refinancing

Refinancing:  What’s not to like? Not only can you lower the interest rate, you can either reduce your monthly payments or reduce the length of the loan. Either way you pay less in the long run! While on the surface it’s a nearly fool proof way to … [Read more...]

Home Buying in the U.K.

In today’s global economic climate, it can be difficult for people to buy a house, while struggling with annual bills. But the U.K. government has a number of schemes available to first time buyers and existing homeowners such as Help To Buy, NewBuy … [Read more...]

Get A Lower Interest Rate on Your Mortgage

These days very  few people can afford to buy a house for cash. So, if you’re looking to purchase a new home, you’re probably planning on getting a mortgage. Obviously, that requires you to pay additional interest to the bank, adding thousands of … [Read more...]

Refinancing Your Home Mortgage

Refinancing your home mortgage to a lower rate will not only reduce your monthly payments, it will also significantly reduce your overall debt burden. One percentage point in interest rates can add up to many thousands of dollars in savings in … [Read more...]

Is Bernanke Stuck in a Housing Time Warp?

Current FED Policy Doesn't Make Sense Could the FED really think that low interest rates are good for savers? Is housing really a vehicle for saving? Is it a good idea to use your home equity as an ATM machine? Should the government be … [Read more...]

Differences Between Pre-Qualified and Pre-Approved For a Home Loan

Pre-Qualified vs. Pre-Approved for a Home Loan- People commonly use the terms pre-approval and pre-qualified interchangeably when they are in the market to buy a home. However, these are two entirely different concepts, and it’s important to … [Read more...]

Is it a Good Time to Buy REITS?

Buy Rental Property or a REIT? Although many individuals prefer rental units as additional income, one of the last things you probably want to do in your retirement is to find renters and deal with the drama that comes from having them rent for … [Read more...]

Using the MIP to Decide- When to Refinance

The MIP (Moore Inflation Predictor) is our proprietary index that projects future inflation rates one year into the future. It uses a "fan" style with varying level of likelihood that certain rates will be attained. If you are considering … [Read more...]

When is it Right to Refinance?

With "everyone" talking about the historically low mortgage rates you are ready to decide if it "pays" to refinance.  The "rule of thumb" supplied by mortgage companies is that if you can reduce your interest rate by 1% it is usually … [Read more...]

Low Mortgage Rates – Reduce Your Payment or the Length of the Loan?

Prior to 2008 current mortgage rates were at their lowest levels in decades and many people were refinancing. At the time I warned that "this trend seems dangerous to me because rather than using this as an opportunity to shorten the life of their … [Read more...]