Waterproof Solutions- Stephen Burton

Waterproof Solutions- Stephen Burton

The Waterproofing and Foundation Repair Industry is filled with franchises with big advertising budgets. With potentially limited knowledge, products, and solutions; Are they the best for the consumer? Stephen Burton from Waterproof Solutions is here to shed some light on the industry.

Read More »

Blended Family Steps

Blended Family Steps

About 75 percent of the 1.2 million Americans who divorce each year eventually remarry. Most have children, and they find that step-family life is more complex than they ever imagined. Below are a few steps to take to bring a blended family together. Read More »

5 Crucial Questions To Plan Your Mortgage

Doug Show CardHas Your Mortgage Banker Committed Malpractice? I was fortunate that early in my career one of my mentors gave me some great advice:  “prescription without diagnosis is malpractice”.  That advice has helped me build a thriving mortgage practice thousands of followers.  I realize that what separates the average Loan Originator from the great ones are the questions that they ask.  By not asking the probing questions that a consumer doesn’t know to ask, you may end up with a loan that costs you thousands of extra dollars over time.  This is no different than a doctor not asking the questions necessary to make a diagnosis before he starts writing a prescription. A home is frequently your largest investment, and your largest debt!  Your mortgage is no longer just a mortgage, but more of a financial instrument.  It should literally weave into your long and short term financial, investment, and life plan. Together with my clients, we form a debt strategy that leads to wealth creation over time. To truly understand a client’s needs, these five questions are crucial:

Read More »

Saving Money On A Gym Membership

join our gymDoug and Tammie review how to save money on a gym membership can lead to exercising good judgement.

#1 Never ever ever ever sign a gym contract

Read More »

5 Reasons to Refinance

5 Reasons to Refinance  

You may find that refinancing could save tens of thousands of dollars in interest and years of mortgage debt repayment. It does take some effort to get the process started. However, the time and effort spent could easily be worth it depending on your situation. 

*If you’re considering a refinance or have some questions you can contact Doug at (314) 472-DOUG(3684).

Here are some reasons that you may want to consider refinancing your home loan:

Read More »

Bank, Banker, & Broker- What’s the Difference?

Bank,  Banker, & Broker- What’s the Difference?

You may have been flooded with information about the mortgage and banking industry and from your view point, a lender is a lender. Distinguishing the differences between banks, mortgage bankers and mortgage brokers can save you some frustration, time, and in some cases, money. Read More »

Show Announcement

Show Announcement

Doug-Show-Card

A Quick Reminder to Tune In Today from 4-5pm on FM NewsTalk 97.1

This week’s topics include:

Some exciting news on strong housing data this week!

Some reasons to consider refinancing your mortgage and why NOW may be the best time!

An explanation on the differences between a mortgage Bank, Banker, and Broker and what that means for you.

 

 

Strong Housing Data

Doug-Show-CardStrong Housing Data

CoreLogic

We have some strong housing data coming from CoreLogic this week. CoreLogic is the largest aggregator of real-estate data in the country,and they just released their Home Price Index for May, showing that home prices appreciated 1.3% from April and 5.9% year over year.  Additionally, CoreLogic forecasts that home prices will appreciate 0.8% in June and 5.3% next year.  The forecast by CoreLogic is a bit conservative and we believe appreciation will be even stronger.  This month’s report moderated slightly from last month’s 6.1%, but was still another strong housing report showing sustainable appreciation.  Below you will find a state by state breakdown from CoreLogic, showing the current and forecasted appreciation rates.

Read More »

Getting Your Financial House In Order

carrying-moses-statue-tablets

Financial House In Order

Steps To Get Your Financial House In Order

It really can be easy to put off for a rainy day or end times to organize your financial records.  Getting your financial house in order is one of the most important things you can do to help your family should a family crisis occur.

Here are some suggestions to get yourself on the right track:

Step 1: Collect all of your financial records such as insurance policies, bank account and safety deposit box information, investment statements and more.

Step 2: Collect your personal data such as wills, powers of attorney, social insurance numbers, passport numbers, health records, computer passwords, etc.

Step 3: Once you have all your records gathered together, set up a filing system to organize the information. You can use an online system like: Dropbox located at: https://www.dropbox.com/

Google Drive located at www.drive.google.com

Canada has one located at www.clhia.ca, is a free online tool that can help you save important personal and financial information in one place so that family members can easily locate them in an emergency.

Step 4: Make sure you store this information in a safe place such as a secured folder on your computer, a safety-deposit box, or in a locked fireproof box.

Step 5: Finally, be sure to tell key family members or friends or your lawyer where this information is stored so they can find it easily and quickly.

Resources:

From <http://www.seniorlivingmag.com/articles/2013/05/take-these-steps-to-get-your-financial-house-in-order>

Real Estate Tips For Seniors

moving day

Real Estate Tips For Seniors

Real Estate Tips

Real Estate can be a tricky process.  As we get older moving doesn’t sound as fun as when we bought our first house.  Now you have accumulated “stuff”, let the purging begin!  What makes the move as a senior citizen even more challenging is how to handle the buying of your next home and selling of your current one.

Here are the benefits of Buying or Moving First before Selling:

1.    You are in control of when you move into your new home.

2.    This is a less stressful situation as you have the opportunity to get settled in your new home before you have to vacate your existing home for the new owner.

3.    Moving out first allows you to stage your home to appeal to potential buyers, so it is likely to sell faster and for more money.

4.    REALTORS® and buyers will have easy access to view your home without disruption to you.

Of course, not everyone is in the position to take the risk of buying or committing to a retirement community prior to selling.

The drawbacks of Selling First before Buying or Moving:

1.    The main benefit to selling first is that you are in a strong negotiating position.  You know how much money you have received from your sale, so you won’t have that unknown.

2.    Another benefit is that you will avoid the situation where you may be carrying the cost of two homes while you are waiting for your home to sell or for the transaction to close.

3.    A drawback is that you will have the uncertainty of what home you will be moving to and how the timing will work.  Typical time for possession would be approximately 60 days.  In most markets, this would allow you enough time to find another home you will be happy in.

4.    You may also have the added expense of temporary accommodation and having to store your belongings until you can move into your new home.

A third option is to buy your new home Subject to the Sale of your existing home:

1.    This is a common practice that helps resolve some of the drawbacks above, but it puts you in a weaker position for negotiating purchase price.

2.    A Subject to the Sale of contract would include a time clause, which allows the seller to continue marketing their home for sale.  If a buyer comes along who is ready, willing and able to purchase the home, you would have about 48 hours to remove your Subject to the Sale of condition or let the home go to a subsequent buyer, which can be very disappointing.

3.    Consult with your bank or Mortgage Broker regarding finance options such as a Line of Credit or Bridge Financing, so you can make a decision at that time whether to take on extra financing or let the home go.

As you can see, there is not one right answer; it all depends on your personal situation and comfort level.  Talk to your real estate and financial advisors to help determine what strategy would be best for you.

Resources:

From <http://www.seniorlivingmag.com/articles/2016/02/real-estate-tips-for-seniors-buy/move-first-or-sell-first>

Scroll To Top