The kitchen is a good place to start removing clutter, because it is an easy place to start. First, get everything off the counters. Everything. Even the toaster. Put the toaster in a cabinet and take it out when you use it. Find a place where you can store everything in cabinets and drawers. Of…
DetailsWhen you get a raise or accumulate some savings, you may find yourself confronted by an innate instinct of modern civilized men and women. The desire to spend money. It begins simply, by going out to restaurants, then accelerates to purchasing clothing, electronic gadgets, and since North Americans have a special fondness for the automobile,…
DetailsNo Major Purchase of Any Kind Review the article titled, “Don’t Buy a Car,” and apply it to any major purchase that would create debt of any kind. This includes furniture, appliances, electronic equipment, jewelry, vacations, expensive weddings… …and automobiles, of course. Don’t Move Money Around When a lender reviews your loan package for approval,…
DetailsThere doesn’t appear to be much that can drag down the steady increases San Antonio’s residential market has posted throughout the year, and based on last month’s sizable gains, that theory is sticking around. Home sales in October posted an 8 percent increase from the same month last year, holding hands with the 5 percent…
DetailsWhat kind of lender is “best?” If you talk to a loan officer, he (or she) will probably say the lender they work for is “the best” and give you a list of reasons why. If you meet the same loan officer years later and he works for a different kind of lender, he will…
DetailsIt used to be fairly easy to put a term to a lender that accurately described them and the types of mortgages they originated. Time, the S&L problems of the late eighties, and a maturing marketplace have served to “blend” those differences. Some old adjectives barely apply now and are rarely used. Mortgage Bankers A…
DetailsIncome Items W2 forms for the last two years Most recent pay stubs covering a 30 day period Federal tax returns (1040’s) for the last two years, if: you are self-employed earn regular income from capital gains earn sizable interest income, etc. earn more than 25% of your income from commissions or bonuses own rental…
DetailsThings to Have Ready When You Apply For a Loan It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, things move faster. “Alternate documentation” has become more widely used. Alternate documentation means that underwriting answers can be…
DetailsPurchasing a real estate can be a nerve cracking experience for many. You may go through many emotions and frustrations while searching for a right place for you, then secure a loan and at last moving in to the property. Many real estate buyers mostly never indulge in any research on the property before they…
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