How do you maximize refinance savings on a mortgage?

You’ve taken advantage of today’s historically low rates!  Supremely smart move!  After you refinance to a lower rate you get a lower payment, but the opportunities don’t stop there.  Here are our 3 quick tips to maximize your refinance savings.   Reduce your balance faster. With a lower interest rate, you pay more principal with each payment, [...]

2016-11-08T19:02:09+00:00 Categories: Refinancing|

What are the factors that make up your credit score?

Understanding the makeup of your credit score is the first step toward managing and improving it.     As you might expect, payment history is the most influential component in your credit score, followed closely by the amounts you owe. To lesser degrees, the length of time you've utilized credit, the number of new accounts [...]

2016-11-08T19:02:09+00:00 Categories: Credit|

How to stop unsolicited credit offers

When your credit is pulled for your home loan, credit bureaus could share your personal information!     Put an end to unsolicited credit offers. It's far too easy for identity thieves to steal your mail or your garbage and use a pre-screened credit card offer to obtain credit in your name. Opt-out so this won’t happen [...]

2016-11-08T19:02:09+00:00 Categories: Credit|

How long is a pre-approval valid for & more

It's always been a good idea to get pre-approved for your mortgage loan, but lately, it's become even more important.     Why should I be pre-approved for a mortgage loan? In recent years, mortgage guidelines have been tightened. Documentation requirements have been expanded and followed more closely. A pre-approval gets you through the process [...]

2016-11-08T19:02:09+00:00 Categories: Home Loans, Mortgage|

Where’s the shadow inventory?

Do you remember the doom and gloom headlines from just a few years ago regarding the “massive” and “shadow” inventory of unwanted homes for sale? Many commentators expected the overhang to persist for many years and continue to force property values down.   Some of those headlines are amusing today when you consider the historical [...]

2016-11-08T19:02:09+00:00 Categories: Good Thoughts with Roger Savy|

Government shutdown & home loans: Update

We are now ten days into government shutdown. You should not see any large impacts on home loans. If you are currently in transaction you could see some short delays as 'work arounds' have been put in place of standard processes, but they will be minimal at this time for home loans in process. Government [...]

2016-11-08T19:02:09+00:00 Categories: Uncategorized|
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