mortgage: How to Manage Your Finances - 09/29/10 05:50 AM
Today, I’m going to give advice on managing your cash flow. One of the most important to consider, when managing your personal finances, is to treat yourself as a business. Businesses live and die on cash flow. If a business runs out of cash, it fails.
Managing your cash flow in today’s world is necessary for financial success. The first step is to log all your income sources. For most, this is easy. Include all ways you get money. Obviously the biggest source is probably your job. Others include money from investments, interest, bonuses, child support, alimony, and allowances.
Next, you … (2 comments)

mortgage: How much house can you buy? - 09/22/10 10:08 AM
One of the major problems in the mortgage industry today is, most potential home buyers over estimate how much home they can afford. I will discuss how your bank evaluates your income and how you can use what the banks use to figure out how much you can spend.
The two major ratios that banks use to determine how much you can afford are the debt to income ratio and the housing expense to income ratio. The later is calculated by dividing your estimated monthly housing payment by your gross monthly income. Your estimated monthly housing payment includes the payment of … (4 comments)

mortgage: How to Improve Your Credit - 09/15/10 06:12 AM
Now, more than ever, one’s credit score has a huge impact on what they can “afford”. Credit scores play a major role in determining your worthiness for mortgages, auto loans and credit cards. They can even affect your ability to get a job. Many of us, especially in these times, have a few, if not many, negative remarks on our credit reports. Because of that, I am going to give a few tips on how to build or rebuild your credit.
Pay your bills, in full.I know this is easier to say than do, but it is important. If you can, … (2 comments)

mortgage: How to Improve Your Credit - 09/15/10 06:10 AM
Now, more than ever, one’s credit score has a huge impact on what they can “afford”. Credit scores play a major role in determining your worthiness for mortgages, auto loans and credit cards. They can even affect your ability to get a job. Many of us, especially in these times, have a few, if not many, negative remarks on our credit reports. Because of that, I am going to give a few tips on how to build or rebuild your credit.
Pay your bills, in full.I know this is easier to say than do, but it is important. If you can, … (0 comments)

mortgage: Under Water Mortgage Relief - 08/09/10 04:47 AM
This is a re-post of an article from Barron's.com by Randall W. Forsyth, which I thought was very interesting. I would love to hear your comments about it.
http://online.barrons.com/article/SB50001424052970203667404575412951885388376.html?mod=googlenews_barrons
(0 comments)

mortgage: Problems for Defaulters. - 07/19/10 04:17 AM
I believe most of you know about the new Fannie Mae regulations for borrowers who purposely default on their mortgages. If you do not, one is quite simple. If you “strategically default” on your mortgage, you will have a seven year ban on new Fannie Mae loans. They are using this as a means of detouring borrowers who can afford to make their payments, but choose not to. This is becoming popular amongst borrowers who owe more on their home than it is worth. On top of the seven year ban, according to an article on seerpress.com, Fannie Mae might start … (0 comments)

 
Real Living GreatWest (Real Living GreatWest)

Real Living GreatWest

Sacramento, CA

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Real Living GreatWest

Address: 3604 Fair Oaks Blvd. #120, Sacramento , CA, 95864

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Conversations about real estate related issues in the greater Sacramento areas. This includes: Yuba City, Roseville, Rocklin, Elk Grove, Rancho Cordova, Granite Bay, Folsom, El Dorado Hills, Natomas, Gold River, Lincoln, Merced, Galt, Stockton, Anatolia, and other surrounding cities.


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