credit: Will Florida students finally get financial literacy classes?
- 11/30/17 11:11 AM
Checking accounts, credit scores, mortgages, 401ks, compounding....
These are all financial products and concepts we come across in day to day life.
Ironically, very little, if any of this content is taught in our schools.
I am encouraged to see that some Florida lawmakers see the folly in this.
According to The Gainesville Sun, "Florida senators are renewing a push to require high-school students to pass a financial-literacy course before graduation, though at least two lawmakers are concerned about students being squeezed for time during the school day."
About ten years ago I became certified through the National Association of Mortgage Brokers to teach classes on … (1 comments)
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credit: Never Too Young To Learn About Credit
- 04/29/15 12:35 PM
One of the failings of our education system is that kids do not get taught about credit. Research shows that 40% of American adults do not understand the basics about credit. Worse, they believe false information about how credit works.
For example, many people believe that job status, income and age play a role in determining a credit score. If parents are not aware of the facts then we can't expect credit to be effectively taught in the home. As a result, this vital information to conducting personal financial affairs falls through the cracks.
A Solution To This Problem
Tonight I had an opportunity … (3 comments)
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credit: Are You Prior Prime? Mortgage by Randy Newsletter - Feb 2013
- 03/01/13 06:57 AM
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credit: Can Facebook Affect Your Credit?-Mortgage by Randy Newsletter-Jan 2013
- 01/31/13 03:58 PM
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credit: Rules, Rules, Rules - Mortgage by Randy Newsletter - Dec 2012
- 12/31/12 09:15 AM
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credit: Don’t Let Your Ex Screw You With A Quitclaim Deed
- 07/16/12 09:34 PM
One of my mortgage clients was facing divorce and asked me for advice about a quit claim deed that their ex gave to sign. Thank goodness she did because she was about to get screwed and didn’t realize it. You can learn from this story too…
DailyDollar Poll
What did you do with your tax refund this year?
o Paid down my debt
o Stashed it in my savings
o Shopping!
o I didn’t get a refund this year
What Is A Quit Claim Deed?
A quitclaim deed (many people call it a “quick-claim” deed in error) is a legal document that transfers ownership and rights in a real property (house, land, … (1 comments)
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credit: Why Signing A Quitclaim Deed Could Ruin Your Credit
- 07/15/12 03:34 PM
During the real estate crash that began in 2007, many desperate homeowners scrambled to find a way out of their financial pickle. In yesterday’s DailyDollar we shared a real life lesson so that you don’t let your ex screw you with a quitclaim deed, no matter what.
DailyDollar Poll
What did you do with your tax refund this year?o Paid down my debto Stashed it in my savingso Shopping!o I didn’t get a refund this year
If you sign a quit claim deed, your credit could be tied up for years, especially if you quitclaim your ownership interest of the house or other real … (2 comments)
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credit: How A Single Mom Saved Her Home And Daughters
- 06/05/12 03:26 AM
Here is a powerful story that demonstrates that if you exercise your rights and continue to fight that you can overcome a difficult financial situation.
How A Single Mom Saved Her Home And Daughters
Two of Kathy Sontag’s daughters, Brittany and Cassie, were diagnosed with a rare immune disorder. They both required months of grueling treatment and even bone marrow transplants. They left their home in Inola, Oklahoma for months on end while fighting to survive.
But medical bills piled up. Kathy, a single mother, missed work to care for her daughters. She says the payments on her home mortgage are … (3 comments)
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credit: Do You Want To Add Value For Your Clients? Here's One Option...
- 05/09/12 03:18 AM
Real estate and mortgage transactions only happen a handful of times in the life of most clients.
How do you stay in touch and add value to those clients inbetween transactions?
There could be many years that transpire inbetween deals where you want to be top of mind with your book of business so they remember you and refer to you.
THE BIGGEST CHALLENGE WITH EMAIL NEWSLETTERSMany real estate and mortgage professionals turn to email newsletters to stay in touch.
But that takes work.
In addition, you have to make sure that you remain compliant with federal laws governing email.
… (1 comments)
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credit: Jobs Report Dirty Secrets - Mortgage by Randy Newsletter - Dec 2011
- 12/20/11 06:25 AM
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credit: Refinancing Underwater Mortgages - Mortgage By Randy Newsletter - Sept 2010
- 09/25/10 03:34 PM
Mortgage by Randymonthly update to our clients, colleagues, family & friendsBy: Randy Mitchelson, September 2010
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In Issue 30 We Touch On:
Refinancing Underwater MortgagesRecession Over?Boy Saved By Dog Angel
The newsletter is a little late this month but if you read nothing else, check out the article about the boy who was saved by their dog Angel. Chaos has ensued in the Mitchelson household as we live through a kitchen remodel. The contractors have taken over the garage and all our kitchen stuff is boxed up and taking up space in the living room and dining room. The good … (1 comments)
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credit: Back To School Credit Ideas - Mortgage By Randy Newsletter - Aug 2010
- 08/22/10 03:41 PM
Mortgage by Randymonthly update to our clients, colleagues, family & friendsBy: Randy Mitchelson, August 2010=============================================================================== In Issue 29 We Touch On:Mortgage Tips For Self-EmployedBack To School Credit IdeasIt's The Jobs, StupidWhere has the summer gone? Back to school season is upon us, which makes a perfect excuse for parents to implement a plan to teach their kids about money and credit. Check out the Personal Credit section below for some tips. We remain within an extended period of historically low interest rates and there is no end in sight, at least for the next 3-6 months. Housing inventory is still high which … (2 comments)
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credit: Get Your Free Identity Score - Mortgage By Randy Newsletter - Oct 2009
- 10/17/09 04:03 PM
Mortgage by Randy
monthly update to our clients, colleagues, family & friends
By: Randy Mitchelson, October 2009
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In Issue 19 We Touch On:
Obama Eases Underwater Refi Rules
Free Identity Score
Free Music Online
It must be Fall. This week in Southwest Florida we saw our first temperature reading in five months that begins with a "6". That is not to brag, just a bit of reality of how hot we have had it since May. Speaking of "hot", the stock market has a lot of people excited. The Dow has ballooned 50% from its 2009 lows. Does that mean … (2 comments)
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credit: $8000 Tax Credit - Mortgage by Randy Newsletter - July 2009
- 07/16/09 06:15 PM
Mortgage by Randy
monthly update to our clients, colleagues, family & friends
By: Randy Mitchelson, July 2009
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In Issue 16 We Touch On:
$8,000 First-Time Homebuyer Tax Credit
Credit Tips for Divorcing Couples
Private Mortgages
As we enter the "dog days of summer" our thoughts are on family outings and reunions, fishing trips, lakeside campfires and the beach. Personally, I am not participating in any of those fun things, but I hear about them through my "grapevine". Collectively, we are still saving our pennies, lowering our credit card spending and moving forward cautiously. As troubled as our own … (0 comments)
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credit: New Obama Mortgage Refi Law - Apr 2009 Mortgage by Randy Newsletter
- 04/26/09 05:01 PM
Mortgage by Randy
monthly update to our clients, colleagues, family & friends
By: Randy Mitchelson, April 2009
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In Issue 13 We Touch On:
$8,000 Tax Credit for First-Time Home Buyers
New Mortgage Refinance Law from Obama
Tax Tips for Divorcing Spouses
April marks the first anniversary of this newsletter. The feedback from readers has helped improve the content, the delivery and the heart that goes into each publication. The newsletter is read by a variety of people. Some are bankers that not only benefit personally from the information, but are then able to add value to their client relationships. … (1 comments)
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credit: Impact of Name & Address Typos & Variations on Your Credit Score - Mortgage by Randy Newsletter - March 2009
- 03/21/09 07:56 AM
Mortgage by Randy
monthly update to our clients, colleagues, family & friends
By: Randy Mitchelson, March 2009
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In This Issue We Touch On:
Impact of Name & Address Variations on Credit Reports
Update on Futile Government Economic Intervention
Can "Bad" Economic News Be "Good"
March has turned into a very productive month in the office. Mortgage inquires are on the rise. Demand for credit seminars is growing as well. Fifth Third Bank hosted a credit seminar on March 19 in Naples. We welcome the new readers that attended and thank you for the great questions. On March 26 I will … (2 comments)
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credit: Nightmares of Loan Modifications - Mortgage by Randy Newsletter - February 2009
- 03/21/09 07:51 AM
Mortgage by Randy
monthly update to our clients, colleagues, family & friends
By: Randy Mitchelson, February 2009
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In This Issue We Touch On:
Loan Modification Nightmares
Tips to Handle a Collection Agency
Benefit of Pre-Approval Letters
Is that a stimulus package in your pocket or are you just happy to see me? Just how many spouses of our elected officials used that line recently is the real $800 billion question! Now is a good time to buy stock in companies that manufacture printing machines. The government will be requiring a lot more printing presses to create all the money committed … (0 comments)
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credit: Affordable Foreclosure Legal Assistance
- 09/30/08 01:31 PM
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credit: R.I.P. IndyMac Bank - Mortgage by Randy Newsletter - Aug 2008
- 08/30/08 05:52 AM
Mortgage by Randy
a monthly update to our clients, colleagues, family & friends
by: Randy Mitchelson, August 2008
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In This Issue We Touch On:
R.I.P. IndyMac Bank (b.1997 - d.2008), Debit or Credit? Mortgage Relief Programs
The Beijing Olympics are underway and with all the television coverage, it looks like a lot of late nights ahead as I cannot help but get enthralled with world class ping pong and badminton competition (bocce ball anyone?). When they decide to add Olympic darts or foosball, I will be ecstatic! After the games, the presidential conventions will follow which will dominant the nightly … (0 comments)
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Checking accounts, credit scores, mortgages, 401ks, compounding....
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