mortgage advice: Is Your "Lost Home Equity" Working for You? - 09/18/07 11:22 AM
I am sure you are asking yourself, "what the heck is this guy talking about?" Well, if you have been focusing on paying off your mortgage, you probably have no clue. Here is what I am talking about.
You may have missed this stat recently released...US 2Q Homeowner's Equity Falls to 13 … (0 comments)
|
mortgage advice: Don't FIX It if Your ARM is Not Broken - 09/18/07 11:19 AM
Many homeowners have been rushing to refinance their Adjustable Rate Mortgages (ARMs) into a Fixed Rate Mortgage, mostly out of fear.
While it is true that many ARMs adjusting this year will put homeowners into increased mortgage payments, some of which they will not be able to afford. However, I am … (5 comments)
|
mortgage advice: When Ben Stein Speaks, People, Well They Probably Should Listen - 07/14/07 09:44 AM
Chances are you know who Ben Stein is, but in case you don't..."Bueller...Bueller". That's right, he played the Economics Teacher in Ferris Bueller's Day off. He also ran a game show on Comedy Central called "Win Ben Stein's Money".
You may remember these shows, but his background goes much deeper than just … (10 comments)
|
mortgage advice: Mortgage Interest Tax Deductibility - How to Exceed the $1.1M Limitation - 06/25/07 03:14 PM
Let me start off by saying I am not a tax advisor, I am a Certified Mortgage Planning Specialist and that this post, like others is based on my level of knowledge and expertise and may or may not apply to your specific situation. This is derived from tax codes and … (2 comments)
|
mortgage advice: Realtors, You should be scared right now! - 06/09/07 07:11 AM
Why did I start off with this statement? The recent destruction in the Mortgage Backed Securities market has driven interest rates up significantly recently.
That means one thing. Your buyers cannot qualify for as much of a mortgage as they used to!!!
That's right, if your buyer has not locked a loan … (7 comments)
|
mortgage advice: You Want to Own Your Own Home, But Do You Own it the Right Way? (Part 1) - 06/06/07 10:39 AM
Most Americans think the same way and do not realize the old way of getting a mortgage is the wrong way to get the mortgage. They need to realize that things change and we need to change with them to take full advantage of the opportunities we can receive.Let's take a … (3 comments)
|
mortgage advice: Is Paying Off Your Mortgage Actually Costing You? - 05/14/07 09:00 AM
Many Americans still believe that paying off your mortgage is the best thing you can do. After all, it is a guaranteed savings, right? Well, let's take a look at it further.
Right now, there is a new craze in the mortgage industry, one that is being marketed heavily and is being … (7 comments)
|
mortgage advice: Are You Trying to Pay Off Your Mortgage Faster? If so, Read This...(Part 2) - 05/09/07 12:17 PM
(If you did not read Part 1, please go back and read it as that is the basis for this post.)
In the last post, we left John without a job the couple was forced to sell their home at a loss to avoid foreclosure. We also mentioned how they regretted their … (4 comments)
|
mortgage advice: Are You Trying to Pay Off Your Mortgage Faster? If so, Read This...(Part 1) - 05/09/07 09:30 AM
Most Americans dream of owning their own home, and owning their home free and clear of a mortgage. While that may be a noble goal, they go about it the wrong way. To assist in emphasizing this fact, we will take a look at a couple who are trying to decide … (3 comments)
|
mortgage advice: Watch Out for Falling... - 05/08/07 01:28 AM
I was doing some research today and looking into the future of the mortgage market. It never seems to fail that technical indicators portray a good glimpse of the future, and with that in mind, I am off to predict the future of interest rates.
Many of you may know that I … (30 comments)
|
mortgage advice: Unique Opportunites Abound - You Just Need to Open Your Eyes - 05/03/07 09:02 AM
Well, most of you know that I returned to flying and I decided to continue my mortgage business. What you may not know is the opportunities it presents to grow my business. Hopefully, you will be able to see some opportunities to grow your business after reading this post.
Building relationships are … (1 comments)
|
mortgage advice: Are America's Housing ATMs All Tapped Out? - 04/30/07 02:44 PM
Today saw the release of the US Savings rate, which improved from the last reports. It is still in negative territory at -.8%, but is up from -1.2%.
I know, many of you probably don't follow this number, and some may not even know what it means. Basically, its interpretation is that … (3 comments)
|
mortgage advice: How to Earn Money by Borrowing at 6.0% and Investing at 4.0% - 04/25/07 02:23 PM
This article is about the benefits of proper mortgage planning and how they can lead you down a path to true financial freedom faster than you thought possible, even faster than an MMA can get you there. The goal is to show you how you may be able to use your … (21 comments)
|
mortgage advice: Finding Solutions is What It's All About - 04/24/07 10:43 AM
As I went back to flying, I started thinking of whether or not I should continue doing mortgages or focus solely on flying. I came to the intitial conclusion that maybe I should just close up the origination side of the business and simply offer to speaking and educational events only … (6 comments)
|
mortgage advice: Lower Interest Rates Ahead? - 04/24/07 09:23 AM
At 10am EDT this morning, two normally moderate impact reports were released that is currently moving the markets.
Both Existing Home Sales and Consumer Confidence were released this morning and both missed expectations. What does that mean?
Continued weakness in the housing market is apparent based on the Exisitng Home Sales numbers, but … (5 comments)
|
mortgage advice: Are Exotic Mortgages Really to Blame for Rampant Foreclosures? - 04/16/07 08:30 AM
The media in particular, aided by many so-called "experts" have been laying a lot of the blame on exotic mortgage products such as Option ARMs, Interest-Only mortgages, and even regular ARMs. I have even heard them blame the Feds for raising rates too fast.
Why do they blame the mortgage products? Are … (11 comments)
|
mortgage advice: Americans Just Can't Stop Spending - 02/01/07 12:39 PM
This morning, an inflationary telling report came out called the Core Personal Consumption Expenditure (PCE) Index. This report is one of the large contributors to determing the Fed Funds Rate movement and it came in at 2.2%, just higher that the 2% the Feds like. Nothing to worry about by itself … (27 comments)
|
mortgage advice: Which is the Safer Investment - Home Equity or Burying Your Money in the Backyard? - 01/28/07 07:07 PM
Your first reaction to this title is what the heck is he comparing these two for, it is clearly home equity, right? Well, let's take a closer look at these two "investments". In order to do this, we have to understand the three areas that determine a good investment...liquidity, safety, and … (9 comments)
|
mortgage advice: Interesting Way to Forecast the Destruction of a Market - 01/09/07 09:13 PM
In the January issue of Money magazine, there was a small little feature which showed the correlation between the movies coming out of Hollywood and the following devestation on the markets portrayed in the movie. While the snippet focused on how hedge funds are going to meet their turmoil soon, it … (7 comments)
|
mortgage advice: Is Your Nest Egg Cracked? - 12/26/06 01:49 PM
When it comes to your retirement nest egg, are you certain that you will have enough. There are a few things that may causecracks in your nest egg that you may not have planned for. Things like rising health care costs, your planned life expectancy and social security (or lack thereof). … (2 comments)
|
mortgage advice: Need Long Term Care? Mortgage Planning May Help - 12/20/06 03:16 PM
About a month ago, an issue of Investment News contained an article discussing the importance of long term care options for clients. According to a study by the American Society on Aging, more than 70% of all Americans reaching age 65 will need long-term care at some point in their lives.
Common … (5 comments)
|
mortgage advice: Be Prepared for Tax Season - 12/18/06 09:58 AM
The Kiplinger Tax Letter for Dec. 15 is, as always, chock full of tax information that everyone needs to know. With the year coming to a close, and tax returns arriving in about two weeks or so, it is time to start preparations for the upcoming income tax filings. Even if … (2 comments)
|
mortgage advice: Turbulence - How to avoid it - 12/13/06 09:51 PM
I was just reading and commenting on Karl Christen's post Good offense is always a better defense. As I was formulating my comment, it dawned on me to make this post about what I have learned to avoid turbulence while flying and how it applies to the turbulence he mentions regarding … (4 comments)
|
mortgage advice: Don't Read This! (Unless You like Money) - 12/06/06 08:51 PM
Many people keep hanging on to the old beliefs about money. The truth is that they don't know how easy it is to make it. I don't mean those "get rich quick" schemes, but making money slowly and safely over time doing what the banks do.
That's right, the banks do the … (15 comments)
|
mortgage advice: Welcome to the Mortgage Planning Strategies Group! - 11/28/06 10:21 PM
Hello and welcome to the Mortgage Planning Strategies group. This group is designed for posting mortgage strategies and information related to mortgage strategies (ie. tax deductability). As you can see, I have gone through some of my old posts and added them to the group already. Please use them as examples … (0 comments)
|
mortgage advice: Millions Now Love Their Mortgage Even Though It Requires Monthly Payments - 11/16/06 09:36 PM
If you had enough money right now to pay off your mortgage, would you? Most Americans would, since that has always been the American Dream. The reality is that following the "old" dream can be detrimental to your financial health. In fact, millions now love their mortgage because it is working … (12 comments)
|
mortgage advice: How to Solve a Home Purchase Problem When Your Current Home Doesn't Sell - 11/15/06 09:36 PM
There have been numerous articles published recently providing their endless litany of suggestions about how to deal with the slowing real estate market. These magazines and journalists have now become the so-called experts.
The articles are making a lot of hoopla about how homes are taking longer to sell and people are … (22 comments)
|
mortgage advice: Interest Rates and Their Effect on Potential Homebuyers - 11/12/06 09:28 PM
When reviewing a survey that was conducted about a year ago, it reminded me of what really drives potential homebuyers to make that home purchase. In light of the fact interest rates may start rising again, what effect would that have on the real estate market during a recovery, or any … (9 comments)
|
mortgage advice: Planning to Retire a Few Years Later? - 11/10/06 09:08 PM
Most financial planners will lead you to believe that your only hope of being able to retire is to delay your retirement a few years in order to gain full social security benefits. The extra time also allows your 401(k), IRA, or other retirement investments to grow more. They will tell … (4 comments)
|
mortgage advice: The Taxes are Coming...The Taxes are Coming... - 11/08/06 10:15 AM
OK, the polls are closed (and the recounts pending), but the Democrats have taken over the House and the Senate is still up for grabs. Leaving the issues other than taxes on the table, let's look at the drawbacks to this.
Historically speaking, this means higher taxes to come. The Democrats don't … (4 comments)
|
mortgage advice: Interest Rates - How Does it Affect Our Net Worth? - 11/07/06 09:12 AM
While reading a great post by Jeff Belonger titled The Myths about ZERO point mortgages instead of paying points upfront...... and it got me thinking, as he usually does. His post was great and showed clearly how if we go back to basic math, we can come up with good answers to … (16 comments)
|
mortgage advice: Today's Choices = Tomorrow's Results (Oh the Irony from History) - 11/07/06 06:21 AM
It has been said many a time that the choices we make today will determine our tomorrow. That is a very true statement and applies to what we do here in th Active Rain community as well.
Why did I decide to blog on a topic well known already? It is because … (8 comments)
|
mortgage advice: Student Rentals - Worth a Closer Look! - 11/06/06 11:26 AM
In the September issue of Financial Planning Magazine, one article was focused on parents purchasing rental properties instead of having their children pay room and board while attending college. Looking at the costs, we found room and board can be as much as $16,000 or more, depending on the circumstances and … (19 comments)
|
mortgage advice: How Much Money Would You Deposit in this Investment? - 10/31/06 09:48 PM
Many Americans have been maximizing their contributions to this investment and don't even know it. Additionally, the ones that realize they are doing it, don't realize the truth!
So, I ask you, how much money would you put into this investment?
The customer determines the amount and length of time for monthly contributionsThe … (4 comments)
|
mortgage advice: Mortgage Interest Tax Deductability - Revisited - 10/30/06 08:23 AM
Many of you have read my post on the deductibility of mortgage (Mortgage Interest Tax Deductability - What Are The Limitations?). Here is what you may not know that I didn't cover and why you may want to start reviewing what changes you may need to make.
First off, the IRS has … (6 comments)
|
mortgage advice: Telenovela Mortgage Advice - Facts - 10/30/06 08:01 AM
As promised, I watched the show (most of it anyways.) OK, a few things I will point out about my bias, then we will deal with the facts, then my conclusion (opinionated review).
My bias is that I do not like soap operas in general, and dislike telenovelas even more as … (16 comments)
|
mortgage advice: Top 10 Home Equity (and mortgage) "Myth Conceptions" - 10/24/06 04:20 PM
Ok, keeping in line with the format of Top Ten Lists, I decided to share some common misconceptions about our home's equity and mortgages. Here they are...
#10 - When a married couple sells their home, they are required to use the cash proceeds to purchase a new home in order to receive the … (4 comments)
|
mortgage advice: Mortgage Advice from Telenovelas? - 10/23/06 09:25 AM
Yes, your read it correctly. People can now learn about mortgages and take advice from telenovelas. What next? Days of Our lives teaching us how about mortgages as well?
OK, some of you may not know what telenovelas are, so let me explain. Simply put, they are the Spanish version of … (18 comments)
|
mortgage advice: Exotic Loans Being Mistreated... - 10/22/06 09:10 PM
This topic seems to be hot and rather than post comments on others blogs, I decided just to post an article I wrote a while back and released via PRWeb. I titled the article Are Interest-Only, Option ARMs, and other "Exotic" Loans Really any Riskier than Fixed Rate Loans? Here is … (2 comments)
|
mortgage advice: Become a Banker! - Well not literally... - 10/16/06 10:11 AM
According to R. Nelson Nash, author of Becoming Your Own Banker, The Infinite Banking Concept, the average American is losing 35% of their net income to interest paid on various loans (auto, home, credit cards, etc.). Even if a person saves 10% of their income, they still have a 3.5 to … (4 comments)
|
mortgage advice: A Tale of Two Brothers - 10/14/06 02:50 PM
I wanted to do a follow up on my $25,000 mistake post and present another example straight from my seminars. This topic is titled "A Tale of Two Brothers" and shows the different ways of thinking and the benefits of adapting to today's rules of money. In fact, it is an … (32 comments)
|
mortgage advice: Mortgage Interest Tax Deductability - What Are The Limitations? - 10/13/06 03:43 PM
Ok, I know I am not a tax advisor per se, but this is one area that I know a lot about since it is a huge part of my profession. I am willing to bet though, that none of you (well there might be a few) have thought about this … (14 comments)
|
mortgage advice: Are you in Compliance with ALL laws? The answer may surprise you. - 10/10/06 02:07 PM
Identity theft is a topic that we hear about every day at this point. A laptop gets stolen or misplaced, some company's database gets hacked into, or something else.
We also read about the numerous victims (about 10 million annually) and all of the struggles they go through to clear their name … (4 comments)
|
mortgage advice: Who Am I? - 10/09/06 09:32 PM
Some of you may have heard this before, but I liked it so much and believe we all can gain from keeping this in the forefront of our minds.
I am your constant companion. I am your greatest helper or heaviest burden. I will push you onward or drag you down to … (9 comments)
|
mortgage advice: Are Financial Planners Giving Erroneous Advice? - 10/04/06 09:08 PM
PEMBROKE PINES, FL – In an article titled “Five More Mistakes to Avoid,” Suze Orman, the “guru” of personal finance, claims that “not paying off your mortgage early” is a “dumb move.” Following this guidance may actually be the exact opposite of what you should be doing!
Ms. Orman bases the fact … (4 comments)
|
mortgage advice: How Big is Your Web Presence? - 10/03/06 07:58 AM
I got to thinking about how big of an impact I am having on the web. Then it came to me...one of the best ways to see your web presence is to "Google" your name in quotes. I did this and here is the result:
"Robert D. Ashby" returned over 2oo references, … (3 comments)
|
mortgage advice: Inspirational Story of the Month (Names and Details changed to Protect Privacy.) - 10/02/06 03:45 PM
"We never saw it, or anything, before it bit. It shook me. It lasted about three seconds long. All I saw was, like, a gray blur. It let go and I just looked at the red blood in the water." The night before Halloween, the top female surfer in her … (2 comments)
|
mortgage advice: Is Home Equity Safe? - 09/25/06 10:23 PM
Would it be better to have $400,000 in Home Equity or $400,000 in a safe, conservative investment account? Many Florida and Gulf Coast homeowners no longer need to pause and think about it, they can easily answer that question now.
One of the least publicized lessons from hurricanes Katrina, Rita, and … (0 comments)
|
mortgage advice: Don’t Pay Off That Mortgage, It Could Be the Biggest Mistake! - 09/25/06 10:13 PM
Paying additional principal toward your mortgage, or even getting a bi-weekly mortgage program, could be detrimental to your financial health?
That’s right. In most cases, instead of paying extra principal, there may be a better way to pay that mortgage off and experience financial freedom faster. “The truth is, you may … (0 comments)
|
;)
Links;)
Tags (Tag Cloud);)
Archives
