Dmitry P's (dimperfunding) Blog

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Services for Real Estate Pros

ARCHIVED BLOG POSTS

2008 

     Credit Card Guidelines   Limit yourself to 1 or 2 credit cards. A Visa or MasterCard covers most purchases. Shop around for low-fee or no-fee bankcards.  Record your charges in a memo book so you don't lose track of your spending. Put a limit on your spending-don't let the credit card compan...
05/30/2008
      I want to help you compare borrower-paid mortgage insurance (BPMI) and lender paid mortgage insurance (LPMI) because soon you may be faced with choosing between them.   Borrower-Paid Mortgage Insurance Lender-Paid Mortgage Insurance Buyer purchases insurance and pays the premiums along with...
05/29/2008
 Here's a matching exercise to help you learn some mortgage terms:                  1.     ___ Appraisal 2.     ___ Up-front charges 3.     ___ Closing 4.     ___ Closing costs   5.   ___ Deed   6.   ___ Earnest money   7.   ___ Mortgage note   8.   ___ PITI      9.      ___ Points      10.    _...
05/28/2008
From my experience, most people refinance their current mortgage to save money or to get out of adjustable-rate mortgages into a fixed rate. Refinancing is like making an investment. You need to balance the cost of refinancing with the amount of interest you save over time. The savings are really...
05/22/2008
Perhaps the best way to describe it would be with a short story. About 6-7 months ago a young couple came to my office with a lot of questions, concerns, and a clear sense of urgency. The owner of the house that they were renting advised them that he was going into Foreclosure and that they have ...
05/22/2008
  Palm Coast has all the natural blessings of a great place to live.  Miles of clean, uncrowded beaches.  Lush oaks, palms and pines.  Miles of salt water and fresh water canals.  Intracoastal Waterway.  Convenient access to Florida's most famous attractions.  Swing into golf on one of the many c...
05/21/2008
Until recently, there were two main ways to get cash from your home: you could sell your home, but then you would have to move; or you could borrow against your home, but then you would have to make monthly loan repayments. Now there is a third way of getting money from your home that does not re...
05/19/2008
As US foreclosure filings surge 65 percent in April, lenders continue to tighten lending guidelines on Stated Income Documentation Loans. However, there are still lenders left who are actively and aggressively lending to borrowers who can't document their income. Usually such borrowers are self e...
05/13/2008
I have recently followed up with my clients and I am so glad that I can use my knowledge to influence people's lives. About 6-7 months ago a young couple came to my office with a lot of questions, concerns, and a clear sense of urgency. The owner of the house that they were renting advised them t...
05/12/2008
In the past 2 days I have been talking about importance of having financial security in case of disability or death. As I mentioned before the purpose of mortgage protection is not to pay off the mortgage but to have enough money in case of death or in case of disability. There are 2 parts to thi...
05/09/2008
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