Millions of veteran homeowners are getting huge savings on their monthly mortgage bill thanks to this little-known Government program, and not surprisingly banks aren’t too happy about that.
In this video I explain exactly how car dealerships rip you off. A lot of car dealerships implement the four square method, which is just a simple way to make you think that you’re getting a deal.
You should make a 20% down payment when buying a home. Even though this is a significant amount of money, it will save you a ton of money in the long run. Making a small down payment will end up costing you thousands of dollars in interest over the life of the loan. Currently, an […]
There’s a new way to handle your student loans. There’s a company called SoFi who offers better rates for student loans, home mortgages, and personal loans. Some of you might have a ton of high interest rate student loans. You need to refinance these to lower interest rate loans. According to SoFi’s web site, Make […]
Have you experienced house fever? House fever occurs when you cannot wait to buy a house. You might be newly married or a young single professional. You have friends and parents urging you to buy a house. They say things such as, “Why are you paying someone else’s mortgage? You are throwing your money away […]
Fannie Mae (FNMA/OTC) has introduced HomeReady™ mortgage. This program is aimed to allow low and moderate income individuals access to an affordable, sustainable mortgage. While this program is not yet available, Fannie Mae will provide additional details to lenders in the coming weeks through a Selling Guide announcement. Lenders who use Desktop Underwriter® will be automatically advised of potentially […]
Fannie Mae and Freddi Mac have started backing low down payment mortgages. You can get a home by putting only 3% down. Don’t do it! Remember the housing crisis that hit just a few years back? It occurred, in part, because of this type of low down payments. The low down payment sounds attractive, but if […]
Two types of bankruptcies that are most commonly filed when you are drowning in debt are Chapter 7 and Chapter 13. Chapter 7 is the most common type of bankruptcy. It is available to both individuals and businesses. Another name for Chapter 7 bankruptcy is Straight Bankruptcy. Any assets that can be sold to pay the […]
A change in how the most widely used credit score in the U.S. is tallied will likely make it easier for tens of millions of Americans to get loans. AnnaMaria Andriotis joins the News Hub to discuss.