debt ratio: Understanding Debt and Mortgages - 07/20/16 05:15 AM
According to, in 2015 the average American household owed over $15,000 in credit card debt, over $25,000 in auto loan debt and over $45,000 in student loan debt. That’s just 3 items! At the bottom of this blog, I’ll give some ideas of how to pay off your debt and how to make some extra money to pay off debt! Here is some information regarding debt and mortgages.
        For every $50 spent on monthly debt = about $10,000 of purchase money. Think about that the next time you decide to buy a car first         Credit card interest is … (0 comments)

debt ratio: Understanding Adjustable Rate Mortgages - 05/20/16 03:24 AM
Here is some information about the Adjustable Rate Mortgage (ARM), understanding how the adjustments are made, when to consider using them and questions to ask a lender when considering an ARM.
A lot of people are ambivalent about using an ARM even though, financially speaking, it’s a great short term product. If you plan on staying in your home for less than 7 years, an ARM may be a good way to take advantage of a lower payment and by paying less interest to the bank.
Although today we mostly see fixed rate loan products, the ARM is still offered for mortgage loan … (1 comments)

Bill Polack, Bilingual Spanish Loan Officer in Southeast US. (First Option Mortgage)

Bill Polack

Bilingual Spanish Loan Officer in Southeast US.

Suwanee, GA

More about me…

First Option Mortgage

Mobile: (404) 644 - 3295

Office: (404) 644 - 3295



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