“How much does it cost you to own a mutual fund? Probably a lot more than you think.
“In selecting mutual funds, most investors know to check the expense ratio, the standard measure of how costly a fund is to own. U.S.-stock funds pay an average of 1.31% of assets each year to the portfolio manager [...]

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Originally Published at The Motley Fool

I have been told that to buy rentals and make money you should not pay more than 5 times the annual rent for a property. In this case the house would be worth about 90,000 dollars as is.
I abhor the ‘rules of thumb’ as they are always formulated for generic [...]

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Originally Published at The Motley Fool

First, I am aware of the fact that “preapproval” is a stronger status than “prequalification” as far as demonstrating that you can purchase a property. If we are looking to buy/sell in June or July, is now the time to get a preapproval or is it too soon? Also, is [...]

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Originally Published at The Motley Fool

STRICTLY on a financial cost consideration, it depends on the loan size(s) or remaining balances, versus the minimum real costs to refinance.
You may very likely qualify for 30 FRM money on your personal residence in the 4.5% to 4.75% range. You could potentially qualify for that rate all the way [...]

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Equity Lines are safe for “an extended period” looking forward!
http://www.cnbc.com/id/35103062

David Donhoff
Senior Leverage Planner

Phone 425-223-4520
Email David@NoBullFinancial.com
Web www.NoBullFinancial.com
WA MB# 510-MB-26336

Our sole focus is on YOUR best results, for LIFE!

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Originally Published at The Motley Fool

The answer is no, yes, and maybe…
The pre-approval itself is dependent on a snapshot in time of a list of variables. If none of the variables change over time, then the pre-approval remains in good standing. If (as) variables change, the pre-approval may no longer apply.
Some of the variables in [...]

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Originally Published at The Motley Fool

A Pre-Qualification is merely a verbal interaction… i.e. you tell me blahblahblah, and I tell you “ok, I verbally annoint you to borrow X.”
A Pre-Approval Certification is generally only accepted by sellers and their agents when they state in writing that the borrower’s documentation has been reviewed and credit-approved, leaving [...]

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Originally Published at The Motley Fool

Given that virtually 100 out of 100 people who take a 30 FRM believe they are going to actually financially benefit enough to overcome the premium they pay… yet 19 out of 20 fail to do so… the numbers suggest the lion’s share do, in fact, believe they’ll be in [...]

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Originally Published at The Motley Fool

IF I have a 30 yr jumbo loan at 7% and can refi at 5.5% but only with an ARM is it worth the risk?
What are you trying to accomplish?
Why are you thinking you can only refi into a 5.5% rate on a 5 yr ARM?
Which “risks” are you most [...]

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Originally Published at The Motley Fool

Here area some more real-world facts (contrary to the Freddie FAQs);
While new lenders *can* accept appraisals transferred from another lender… they are not compelled to, and now virtually never do *UNLESS* the previous lender agrees to certify that they are enitirely HVCC compliant… which the initial lenders are refusing to [...]

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