pay it forward: Maybe some hope for the Subprime Crisis
- 09/05/08 06:37 AM
Date: 09/04/2008 Ocwen Financial Corp. (OCN), one of the nation's leading subprime mortgage providers, has reported that delinquencies have decreased throughout the summer on the subprime mortgages it handles. The decrease seems to be as a result of the company's technology enhanced loan modification program. Such reports reflect a light at the end of the tunnel in the middle of the subprime crisis and reveal a potential sensible approach to keeping homeowners in their homes while protecting both lenders' and investors' income. OCN reports that delinquency rates in the 60, 90, and 90+ categories have either decreased or remained level over … (0 comments)
pay it forward: Will I save money going directly to a mortgage lender?
- 06/19/08 07:46 AM
Not necessarily. In fact, if you are a reasonably astute shopper, you will probably do better dealing with a mortgage broker. Mortgage brokers do not add any net cost to the lending process, because they perform functions that would otherwise have to be done by employees of the lender. Furthermore, because mortgage brokers deal with multiple lenders -- in a typical case, 25 to 30, sometimes more -- they can shop for the best terms available on any given day. In addition, they can find the lenders who specialize in various market niches that many other lenders avoid, such as loans … (2 comments)
pay it forward: When does it make sense to refinance?
- 06/19/08 07:32 AM
Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. However, if you are looking to save money, try this calculation:Calculate the total cost of the refinance Calculate the monthly savings Divide the total cost of the refinance (#1) by the monthly savings (#2). This is the "break even" time. If you own the house longer than this, … (0 comments)
pay it forward: Supporting Local Business's
- 06/17/08 09:20 AM
Please check out our website at www.piffinancial.com then click on the "Proud Partners" tab and you will find a page that looks similar to this. We will be constantly adding new business's to this section so check back frequently. You will also find many other useful resources at www.piffinancial.com. If you have any questions please feel free to give us a call at 925-828-0302. Also, any comments to help us improve our website are greatly appreciated. Please don't be scared to call, we are a no pressure brokerage and we will not hound you to refinance or buy real estate.
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pay it forward: Gas Saving Tips!
- 06/17/08 08:58 AM
Drive Sensibly Aggressive driving (speeding, rapid acceleration and braking) wastes gas. It can lower your gas mileage by 33 percent at highway speeds and by 5 percent around town. Sensible driving is also safer for you and others, so you may save more than gas money.
Avoid Excessive Idling Idling gets 0 miles per gallon. Cars with larger engines typically waste more gas at idle than do cars with smaller engines.
Use Cruise Control Using cruise control on the highway helps you maintain a constant speed and, in most cases, will save gas.
Use Overdrive Gears When you … (0 comments)
pay it forward: Mortgage Update
- 06/17/08 08:50 AM
Market Update: Manufacturing in New York region dropped 8.7% in June, more than the market-estimated 2% monthly drop. The US Dollar fell against the Euro and Yen. Oil touched a new record of $139.89 a barrel today as investors moved into commodity investments to protect against Dollar depreciation. The national average price for a gallon of regular unleaded gas rose to another record high of $4.077. More than half of the states in the country are paying over $4 a gallon for gas. The Stock market traded lower, dragged by the soaring oil prices and concerns over the weakening dollar. The … (0 comments)
pay it forward: We need more Fun Facts!
- 06/13/08 06:52 AM
Hello Everyone! We are running out of interesting facts for the "Fun Fact" section of our website. Please email us your interesting facts, if they are good, we will put them on the website! If you would like, we will also link you to the Fact(s) you submit (example: John from Dublin, CA or John Dough from Dublin, CA) on our Website. If your fact makes our website we will send you a $5.00 Starbucks gift card. Submit your fun and interesting facts to dustin@piffinancial.com. Here is the direct link to the "Fun Fact" section of our website... http://www.piffinancial.com/funfact.html Please check out our … (0 comments)
Date: 09/04/2008;)
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