From the category archives:

Refinancing

Understand how your credit score is determined

1.       Do you pay your bills on time? The answer to this question is very important. If you have paid bills late, have had an account referred to a collection agency, or have ever declared bankruptcy, this history will show up in your credit report. 2.       What is your outstanding debt? If the amount you [...]

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What to do about PMI

So, you have a mortgage with PMI, or Private Mortgage Insurance.  How can you get rid of it?  There are a few ways, and you find, you are actually better off paying PMI than the alternatives. In general, if you have a mortgage loan with PMI, you have to pay it until you get to [...]

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Are new regulations causing home prices to decline?

Since May 1st, 2009, all mortgage loans that were sold to Fannie Mae or Freddie Mac, the government run mortgage giants, have had to comply with a new regulation, the HVCC, or Home Valuation Code of Conduct.  This regulation is leading to an unintended consequence of declining home values. The regulation, along with lender’s underwriting [...]

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The Future of Jumbo Mortgages

What is it going to take to improve rates on jumbo mortgages in Charlotte? You may be surprised to know that the solution isn’t really in the hands of banks or the Federal Reserve. It depends on how these mortgages are securitized and on Bond Investors appetite for risk / returns. Image via Wikipedia Today, [...]

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10 Things to Do in 2010 – Part Two

Yesterday I published a list of things to do in 2010.  Today, I’m adding a few more comments to the remaining things to do.Here is a list of ten things you should consider doing in 2010 to get on better footing financially this year: Build an Emergency Fund Pay off any debts that aren’t increasing [...]

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