For those over the age of 62, a reverse mortgage may be just what is needed to supplement income. Having part of the equity in their home available to pay bills and buy groceries can take away some of the worry about supporting themselves after retirement. But what is a reverse mortgage and how does…
If your looking to purchase a home, car, or something of high cost in the near future you may have been asking yourself, I need a loan, but you may not know if you can get one. So in this article I’ve put together a simple guide for beginners to help you get started down…
If you read my recent article on how to get high return investments through a peer lending website called Lending Club you would have learned about how you could earn some impressive returns by investing your money to others through personal online loans. So in this article I’m going to cover why an online loan…
Are you looking to get a loan but have no money to put down for the purchase? You may have considered a no equity home loan however you may not be aware of the risk that go into getting a loan like this. In this article I’m going to show you 3 big reasons why…
People are refinancing like crazy these days, in fact I just refinanced a year ago myself. Rates have been at their lowest since the early 2000’s. Refinancing is a big buying decision and should not be taken lightly. In this post I’ve taken all of my knowledge I’ve learned over the years and combined it…
This mistake cost me thousands of dollars in lost principle. What is it? The negative amortized mortgage. In this post I explain this mortgage in depth and why you will never want to do this or you may end up like I did. What Is A Negative Amortized Mortgage Back about five years ago when…
Have you refinanced lately? I know a lot of people have been refinancing lately due to the record low-interest rates available. But is refinancing too often a mistake? In today’s post, I will discuss why this can be a huge financial mistake. Why You Don’t Want To Refinance When you refinance your mortgage a…
Recently I just got done refinancing my mortgage to something a bit easier to handle. My last mortgage which was an option arm mortgage and was giving me a few issues I was beginning to get a bit uncomfortable with. Things like adjusting payments and rising interest rates started to get me thinking about the possibility of…