Quick Tip: Do You Pay Bills Online? Avoid Unnecessary Late Fees
February 11, 2008
When you were in school, did you ever fail to complete a homework assignment and then use the excuse “my dog ate my homework”?
Back then, if you gave that excuse you probably learned very quickly that you were treading on thin ice, and that you were about to take a trip to the school office to have a one-on-one meeting with the guidance counselor.
Today, the growing popularity of online bill paying services such as is offered by most creditors, there is a very real possibility that your payment could be eaten by the Internet.
Here’s a quick tip you can use to protect yourself in the event that this ever happens to you.
Need to unlock your home's equity - but have a few questions? Why not consider a free private email consultation with me, Darrin Roseborsky? There's no obligation or commitments to worry about. Just helpful answers to your questions. Use the short form in the top-right corner to get started. And in a few minutes, you'll have the answers to all of your questions.
These 5 Questions Can Reveal A Lot About A Mortgage Broker - VIDEO
February 9, 2008
Your broker is a critical piece of the puzzle that will determine whether your home refinance efforts are successful or not. Before you pony up all your private information, it ’s imperative that you find out that they’re trustworthy. Here’s how….
Quick Tip: Calculate Your Equity
February 8, 2008
You regularly hear words like “equity” bandied about in the media, but what exactly is it – and how do you figure out how much of it you have?
I’m sure you’ve gathered by the tone and tenor of all the news stories that equity is a good thing, but without an accurate knowledge of what it is, it can’t possibly do you any good.
I want to keep this definition a short and sweet as possible.
In essence, equity is the part of your home that you own. If your home is currently worth $300,000 and you owe $200,000 to your lender, your equity is $100,000.
Use can use your equity in a smart way to claw your way out of debt more quickly.
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Home Refinance Loan? Not So Fast – Calculate Your Breakeven Point for Smart Numbers
February 7, 2008
These days mortgage refinancing has become almost as popular as reducing your environmental footprint.
While they both make sense, before you refinance your home, you need to take a step back and calculate your breakeven point to see if refinancing is the smartest move you could make.
I want you to make the smartest possible decision because you’re going to be making the mortgage payments for a long time. Fortunately, there is a relatively short and painless formula you can use to help you decide whether or not to apply for a home refinance loan.
O.k. Got your trusted calculator handy? Then let’s jump into the math.
Payment Late? Don’t Fear Your Mortgage Lender - Here’s Why.
February 6, 2008
Are you having trouble paying your home mortgage?
If you are late – or think you are likely to be late – the best thing you can do to protect your credit and your relationship with mortgage lenders is to pick up the phone and give them a call.
Your lender isn’t some kind of bogeyman looking to take your house at the first sign of financial weakness. To the contrary, your lender has a vested interest in ensuring that you’re able to make your mortgage payments. When payments aren’t made, it makes their life more difficult, so if you do something to help them, you’re likely to be rewarded.
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Can I Mortgage Refinance After Bankruptcy? Weekly Q & A
February 5, 2008
Question:
” I have a bankruptcy discharged one year and nine months ago, have approx. $35,000 equity in my home, how would this affect me trying to refinance?”
Answer:
At this point, yes you would be able to get a mortgage refinance loan, however your interest rate may not be what we call an “A” rate. What would be more beneficial, is to wait until you’ve been discharged from bankruptcy for a full 2 years. You’ll be in a much better position to qualify for lower “A” rated interest rate, providing that you have re-established your credit. What would constitute re-established credit? As a rule of thumb, $2500 reporting for 12 months with NO derogatories i.e. late credit card payments ETC.
Hope this helps!
Mortgage Refinance vs. Home Equity Loan - What’s the Difference?
February 4, 2008
There seems to be some confusion about mortgage refinance loans and home-equity loans. Quite a few homeowners use the terms interchangeably and think that they’re the same. While there are some similarities, there are also some major differences you should know about.
A home-equity loan uses the equity – the value in your home over and above any loans you currently have on the property – as collateral that will allow you to borrow money for a specific purpose. For instance, if you want to pull money out of your house in order to remodel, you might utilize a home-equity loan.
Don’t Let This Credit Card Scam Hurt Your Credit Report! - Video
February 3, 2008
Here at HomeRefinanceCoach.com, we talk a lot about how to minimize your credit card spending and how to improve your credit score.
But what happens if you’re not the one doing the spending? With so many different credit card scams out there these days, it’s really important that you’re careful how you handle your plastic. Otherwise, someone else’s maliciousness could take an already bruised credit score and make it a whole lot worse - FAST! You don’t need those kinds of headaches!
Here’s a video of one type of credit card scam in action. This guy makes it look so easy! Take a few minutes to watch this video and the next time your in the same situation, you’ll know exactly what to do to protect your plastic and ultimately your credit report!
Wage War on Your Debt – 5 Ways To Consolidate Debt Loans - Without Using The Bank!
February 1, 2008
Forget the Battle of the Bulge – are you losing the Battle of the Bills? If so, don’t surrender to your debt. Instead, be smart, gather your bills, and read on because I’m going to tell you about 5 ways you can consolidate debt loans without using your home’s equity!
Credit Card Transfer - I know this is Old Faithful in the financial services world, but if you can qualify for 0% financing for a year, not only does it save you money, but it may help you kick some unwanted debt out of your life. Before transferring existing debt onto a new credit card, keep in mind that if you can’t pay off the balance before the introductory rate expires, it could cost you in the long run. If you’re certain that you can pay the account off during the introductory period it could be a wise move.
