Escalation Clause: How to Snag Your New Home

How to Snag Your New Home with an Escalation Clause

As I’m sure you’ve heard we are in a really hot real estate market. Potential home buyers are finding themselves in highly competitive situations, and the majority of new listings are receiving multiple offers. The inventory of homes on the market continues to be low and buyer demand continues to increase. This can make it really tough for someone looking to take advantage of today’s low interest rates. Well, there is a tool called an escalation clause that you can use to help you snag that new home.

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What is Private Mortgage Insurance and Why Do I Pay It?

Marc Breckenridge with MGIC

Marc Breckenridge with MGIC is here to discuss the ins and outs of Private Mortgage Insurance (PMI). What exactly is PMI and why may you have to pay it? For people with less than a 20% down payment, PMI is a tool allowing them to buy a home sooner. We wanted Marc to come on to explain mortgage insurance and how it affects you as a homebuyer.

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The Cost of Waiting & Taking Advantage of a Dual Market

The Cost of Waiting

If you are thinking about buying a home, is there a cost of waiting? What about renting versus owning? Finally, have you heard we are in a dual market?  Well, we decided to run the numbers and the answers may surprise you. Interest rates are at historic lows, but trending upwards and home appreciation is up year after year. Buying a home now could be the best time for you. Let’s take a look at the numbers.

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“The Medicare Man” Ryan Raphael: Supplements & Enrollment Periods

“The Medicare Man” Ryan Raphael: Supplements & Enrollment Periods

Ryan Raphael a.k.a. “The Medicare Man”, is our Medicare insurance expert and trusted adviser on all things Medicare. We have him on to explain what Medicare supplemental insurance is and to also clear up some confusion we had on the enrollment periods.

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14 Step Plan to Transform Your Finances

managingmoney

I deal with people and finances on a daily basis. One of the things I have noticed is that very few people are taught how to manage their money. Frequently people admit to being so lost they don’t even know where to begin when it comes to money. I wanted to share a 14 step plan to help you transform your finances and better manage your money. Continue reading 14 Step Plan to Transform Your Finances

Are You Cheating Financially On Your Partner?

cheating-financiallyA record number of Americans are cheating on their partner or spouse, not with someone else, but with money.

From secret credit card purchases to hidden bank accounts, a January 2014 online survey by the National Endowment for Financial Education (NEFE) found that financial infidelity is on the rise. In fact, 35 percent of adults with combined finances admit to having hidden a purchase, bank account, statement, bill, or cash from their significant other, up from 31 percent in 2011. Thirteen percent of respondents said they’ve committed more severe deceptions, like lying about the amount of debt that they owe or even the amount of income they earn. Continue reading Are You Cheating Financially On Your Partner?

Our 250th Show! A recap of the past 250 weeks

Our 250th Show!

This week we celebrate 250 weeks of being on the air. In this post we go over some of the ups and downs of having a radio show and blog, and some of the most memorable moments.

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Steve Clark: Current Real Estate Market Tips

Steve Clark: Current Real Estate Market Tips

We have Steve Clark from Keller Williams Realty to explain the current market situation and what buyers and sellers can do to set themselves apart. Steve spent 30 years in the retail industry before setting his sights on real estate. Working in management for a large sporting goods retailer, Steve was able to hone his customer service skills. Steve says he easily adapted to real estate and it was really a natural fit.

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7 Tips on How To Use Your Tax Refund

7 Tips on How To Use Your Tax Refund

While I completely disagree with giving the government an interest free loan, many Americans receive a big tax refund check each year. In fact, the average refund check in 2016 was about $3000. Now, this check isn’t a bonus from the taxman, rather it was your money all along.

Having said that, if you are receiving a big refund this year be sure and treat it just like you would any other money coming in. Make sure you have a purpose for it! We’ve outlined 7 ways you can use your tax refund for your financial benefit.

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Why Did My Credit Score Drop?

Why Did My Credit Score Drop?

 

As a mortgage professional I’m looking at credit scores everyday. When I speak to people they will often tell me what they think their score is, and it is always interesting to see how close they are.  When we actually pull up the credit report it can appear that the credit score dropped, and this can be a shocking discovery. Also, that score is tied to how much interest you will pay on debt. Not only is it frustrating, but it can also be very costly. Let’s explore some of the reasons you may see a credit score drop.

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