From the category archives:

Wealth Building

Understanding Amortization

Thumbnail image for Understanding Amortization

Last month, Fannie Mae and Freddie Mac all but ended Interest Only Mortgage loans, so the only loans left are Amortizing Mortgages.  (Some borrowers can still get an Interest-Only style mortgage, but they are very restricted now). If you have ever closed on a mortgage, you probably remember the large stack of paperwork you needed [...]

Read the full article →

It’s a Great Time to Refinance

Many home owners in Charlotte and North Carolina are discovering it’s a great time to refinance their home loan.  With the unusually low rates of the past few weeks, we’ve helped homeowners: Shorten their mortgage term to 10 or 15 years without increasing their payment Save several hundred dollars each month in interest Convert from [...]

Read the full article →

Do you need to consider Credit Repair?

For some folks, it’s not as easy as simply paying down the balances on a few credit cards to improve their score to where they need it to be. Sometimes, a person needs professional help to get credit scores back to where they should be.  If you have some of the following on your report, [...]

Read the full article →

Should you carry debt in today’s economy?

I’ve been saying for years – Mortgage debt along with other savings is far better than no debt with no savings. In other words, build up your savings and form the habit of saving money, then pay off your mortgage.  apparently, the Wall Street Journal thinks so also: By JANE J. KIM And JEFF D. [...]

Read the full article →

How Much Cash Do I Need?

You often have to choose how to balance your savings between “liquid” cash, paying off bills, saving for retirement or college and paying down the mortgage. If the Great Recession has demonstrated anything, it’s that home equity is a poor choice. You can find out a lot more about this in previous blog posts.  I’ve [...]

Read the full article →

← Previous Entries

Next Entries →

var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-23005174-2']); _gaq.push(['_trackPageview']);(function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();