Monday Money Video – February 20, 2012

What the future holds

Here is a satirical and poignant video on the state of the current mortgage climate in California. Brought to you by Rich Iacovetta over at RMI Lending. This is a fun way to learn about your home loan and/or the process you are experiencing with your loan process. This is the video to watch. Please come back every Monday for the Monday Money … [Read more...]

Monday Money Video For You

What the future holds

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HARP 2.0 – Explained

harp2

Information provided by my friend Michael Ryan at  Michael Ryan Mortgage Broker, Key To Your Perfect Mortgage.  Michael's website is found by clicking this link: http://www.michael-ryan.com/.  Call Michael Ryan Mortgage for all your HARP 2 questions, 408-986-1798. Home Affordable Program second release. The first HARP program ended … [Read more...]

30-Year Fixed Loan vs. 7-Year Fixed Loan

Latest information on Redwood City real estate

30 year fix vs 7 year fix A 30-year fixed rate loan in real estate is a loan your bank lends you and you agreed to repay the principal on the money you borrowed equally over a 360 months payment schedule.  This contrast to a 7-year fixed loan, which is also known as an ARM or adjustable rate mortgage your interest rate and monthly payment … [Read more...]

Want To Be A Millionaire? Here’s How!

green backs 100

So you think it might be a good idea to be a person of substance? Maybe you want your bank account to be just like Mark Zuckerberg?  His wealth may be more than difficult to meet, however, it’s not impossible.  By doing the following tasks and you may have a fighting chance. 1. Create Your Own Personal Financial Plan.  You need to know … [Read more...]

Martin Luther King Jr. Day

MLK Quote friend silence

Martin Luther King, Jr.  Born Jan. 15, 1929, Atlanta, Ga., U.S.—died April 4, 1968, Memphis, Tenn. Baptist minister and social activist who led the civil rights movement in the United States from the mid-1950s until his death by assassination in 1968. His leadership was fundamental to that movement's success in ending the legal … [Read more...]

When Can You Opt-In For A Cash-Out Refinance?

refinance piggy bank in good hands

When can you opt for a cash-out refinance? You might have taken out a mortgage, years back. You still need to keep aside a significant amount, out of your monthly paycheck for the payments on that mortgage. Have you ever wondered that you could have secured lower rates on the loan? If yes, then a mortgage refinance can be a viable option for … [Read more...]

Inflation! Is Real Estate The Answer?

Inflation indicator

  Inflation calculator <==Use the inflation calculator link to see how much prices have changed in the United States from 1913 to November 16, 2011.  Next update will be 12/15/11 Inflation is a sustained increase in the general level of prices for goods and services. It is an annual percentage increase. As inflation rises, … [Read more...]

How To Stop Your Personal Deficit Spending

blogm in debt we trust poster

Many people I see out in the market place today treat their personal household budgets like it were the federal budget.  This is an easy model to follow because after all doesn't Uncle Sam have your best interests at heart?  Well they say they do, however, Uncle Sam can do something that you can’t do.  If Uncle Sam wants more money all he … [Read more...]

The First Thanksgiving – A Story

Thanksgiving Day

This is Thanksgiving Week in Redwood City, CA During the early autumn of 1621, 53 of the surviving Pilgrims celebrated their old English custom of acknowledging their successful harvest.  It was not called “Thanksgiving” as we call it today. During this harvest celebration the great Indian king Massasoit and 90 of his warriors … [Read more...]