Escrow or Not To Escrow

Escrow AccountEscrow Accounts

Homebuyers typically pay extra money into escrow accounts every month, along with their home loan payments. It’s kind of like having your mom or dad hold on to your money when you were a kid while you went and played.  Escrow accounts can take the pain of losing your money or not being prepared to pay a large annual bill.

How do Escrow Accounts work?

When you put money in escrow it is held by a neutral third party (called an escrow agent) who works for both the lender and the borrower. The agent’s role is to carry out the instructions agreed upon by both parties. The money is released when all the terms of the agreement are met. Escrow can be involved in anything from multimillion-dollar building projects to purchases made on online auction sites.

Audio File: Escrow or Not To Escrow

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Credit Score Basics

credit score

Credit Score Basics

A credit score is based on the information drawn from your credit report and there are many different individual factors that are used to determine your score.

Doug and Tammie go over some of these factors to help breakdown what your score is telling creditors.

What makes up your credit score?

  • Payment History: Makes up 35% 
  • Outstanding Debt: 30%
  • Credit History: 15%
  • Pursuit of New Credit: 10%
  • Types of Credit In Use: 10%

Audio: Credit Score Basics

If you would like the Credit Score Basic Chart fill out contact form below and be sure to add in the comments, “Credit Score Chart”.  We will email it to you directly.  *Note: Your email is kept private we will not sell your email address.

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When Should I Refinance My Mortgage?

Refinance Your HomeRefinance My Mortgage

Homeowners face many decisions when owning a home. One of them is deciding if it is time to refinance their mortgage.  Their are a tone of advertisements out there promising lower interest rates and cheaper mortgage payments, but refinancing is not always the answer for everyone who owns a home.

You may have heard that the general rule of thumb is to refinance when interest rates go down a full p
oint, but know that it’s not exactly that simple.

Doug and Tammie take you through some of the things you need to consider before refinancing, so you can make an informed decision.

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Audio 1: Refinance

Audio 2: Refinance

 

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Identity Theft Refund Fraud

identity theft irs

Identity Theft

There have been lots of stories over the past few months on identity theft and how the information can be used against you. You may have heard something about stolen identity tax fraud. You may even have been a victim of it. It’s the biggest tax scam around now.

We used to watch movies see people meeting up with Guido to get someones identity, or maybe people entering into the witness protection program and a new identity being created for them. Maybe you watched Matt Daman, aka Jason Bourne/ CIA Agent, in the Bourne Film Series where he had identities all around the world.

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Identity Theft: Stolen Identity Refund Fraud

identity theft irs

Identity Theft is no fun to have to go through and having your identity stolen is unfortunately becoming common place these days.

In the movies we would watch a person meeting Guido in the back alley or the characters in the movies were placed in the witness protection program with a new identity.  Maybe you were intrigued with Matt Damon aka Jason Bourne, CIA Agent, in the Bourne Film Series who has a ton of identities hidden all over the world.

Now every day people are having their identities stolen by an ever growing world of  identity stealing thieves.  For the victim it is a very pain staking process to clean up your claim of you are who you say you are to the world of creditors.

Doug and Tammie disucss their situation of where someone tried to file their taxes for them which sounds nice BUT it wasn’t a CPA!

Below are the IRS links for you to go to to clean things up with the IRS:

  • Complete IRS Form 14039, Identity Theft Affidavit, if your efiled return rejects because of a duplicate filing under your SSN or you are instructed to do so. Use a fillable form at IRS.gov, print, then attach the form to your return and mail according to instructions.

 

Market Cycles with John Sprague

john sprague

“If you’re not concerned about the market, you’re not paying attention!” – Gary Keller

Join Doug Haldeman and John Sprague as they discuss the market cycles and how it may effect you.

Through a deep, rich understanding of the market cycles you will be able to best position yourself to take advantage of another great wealth transfer in the pending SHIFT.

– Highlight global & domestic market stresses that could factor into the next down turn.

Global Economy

– Touch on leading indicators to look for.

– Discuss what a downshift means for our clients & our business.

– Identify the specific opportunities of the SHIFT.

– Develop a strategic plan to prepare for the SHIFT to help us THRIVE!

Awareness itself is a competitive advantage you will be afforded from this conversation.

Market Cycles Audio File 1

Market Cycles Audio File 2

Doug Answers Listener’s Credit Report Questions

credit-reporthealthOn today’s show Doug addresses credit report questions sent in by listeners and gives great credit advice. If you’re looking for a mortgage and need professional financial advice reach out to Doug call/text (314) 472-DOUG (3684)

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Do You Have A Roof Over Your Head? Got Insurance?

Elaine Mahr Expert Contributor show card

Insurance 101 With Elaine Mahr – Expert Contributor

Do you have home owners insurance? When was the last time you reviewed your polity?  Your home is where you hang your hat, where your family sleeps, and where you keep your valuable and meaningful belongings. When it comes to protecting your investments, there are few things more important than insuring your home.

That’s because Homeowners insurance can help you:

  • Cover your property and possessions if they’re damaged or destroyed by a covered loss.
  • Protect your assets if you’re sued for your alleged negligence that caused an accidental resulting in property damage or injury to another.

To know you’re covered the way you want, it’s important to know how much coverage you want, and which coverage options are available to you.

Homeowners Insurance Audio File:

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ELAINE MAHR/ FARMERS INSURANCE AGENT

Elaine Mahr Farmers Insurance Agent
Elaine Mahr Farmers Insurance Agent

ELAINE MAHR/ FARMERS INSURANCE AGENT

Elaine Mahr, an experienced insurance agent, brings a high level of authenticity and care to her clients.  She is interested not only insuring her clients but educating them as well.  Know that when you receive your policy from Elaine you will actually understand it.  Her mission is: To become a trusted advisor and educate my clients regarding a better way to build their insurance portfolio.  Insurance is not one size fits all. 

Audio Elaine Mahr

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Getting To Know Elaine Mahr

Elaine Mahr Farmers Insurance Agent
Elaine Mahr Farmers Insurance Agent

ELAINE MAHR/ FARMERS INSURANCE AGENT

Elaine Mahr, an experienced insurance agent, brings a high level of authenticity and care to her clients.  She is interested not only insuring her clients but educating them as well.  Know that when you receive your policy from Elaine you will actually understand it.  Her mission is: To become a trusted advisor and educate my clients regarding a better way to build their insurance portfolio.  Insurance is not one size fits all. 

Farmers Insurance has been around since 1928.  So when Elaine was deciding on where to land as an agent it was a no brainer to go with a company that is well established and has maintained it’s dream of providing quality insurance products for a reasonable price.  In the decades that followed Farmer’s has grown and adapted to meet the changing needs of all their clients and potential clients.

Elaine understands that when and if a tragic life event happens how important insurance is to the family.  Your favorite pillow, bed, big screen TV, or home is up to you to find; Elaine will provide you the peace of mind knowing all of that is protected to allow you to sleep soundly at night.

At  Mahr Agency they help educate clients as to what coverage fits their needs and what to expect in the event they ever need to file a claim. Their goal is to get their clients the best value without compromising the coverage they truly need. Mahr Agency provides a no cost / no obligation review(s) comparing prospective clients current coverage to our recommendations.   They would love to do the same for you!

Elaine and her team  know insurance can be a confusing topic and are willing to go that extra mile to help bring you a product that serves you the best.

Elaine says,”At the Mahr Agency we educate clients as to what coverage fits their needs and what to expect in the event they ever need to file a claim. Our goal is to get our clients the best value without compromising the coverage they truly need. We provide no cost / no obligation reviews comparing prospective clients current coverage to our recommendations. Would love to do the same for you! With all the recent changes in the insurance industry we encourage everyone to educate themselves as to the coverage they have in place. We pride ourselves in doing what is best for you, not for us. Call us or better yet, stop by!”