Thinking about buying your first home? The mortgage industry is full of terms that can be confusing. Below is a glossary of terms to help you understand mortgages and make your buying process easier. ADJUSTABLE RATE: An interest rate that changes periodically according to an index. AMORTIZATION: A repayment schedule detailing how payments are applied Read More…
June 17, 2019 by Brian A. Tewes, MBA
Due to the rising cost of a college tuition, more and more people are graduating with as much as 6 figures of student loan debt. Putting money toward debt first is a smart financial decision because every day the debt accumulates even more interest. These new graduates are putting off getting married, having children and Read More…
June 17, 2019 by Brian A. Tewes, MBA
From CoreLogic: Home prices nationwide, including distressed sales, increased year over year by 3.6% in April 2019 compared with April 2018. Forecast Prices Nationally The CoreLogic HPI Forecast indicates that home prices will increase by 4.7% on a year-over-year basis from April 2019 to April 2020. Last 12 Month’s Home Price Changes by State Source: Read More…
May 20, 2019 by Brian A. Tewes, MBA
The following two factors are arguably the biggest influencers on your credit score: On-time payments, including rent, credit cards, car loans, and other installment loans. Make your payments on or before the due date every month. Your balance-to-limit ratio. Try to keep your balances at 30% or less. For example, if you have a credit Read More…
April 22, 2019 by Brian Tewes