Some forms of debt can help improve your financial situation in the long run, while others may not be the best investment. “Debt” is a scary word for many of us. If you are “in debt,” it means you owe something (typically money) to someone else, and that’s usually not a great feeling. Did you know that some debt is considered “good debt,” though? Not all debt is bad – especially not...

Dave Stevens on understanding this housing market 5 things loan originators need to remember December 5, 2022, 9:51 am By David Stevens, CMB I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator in Denver back in...

I haven't posted much lately as the news for home buying seemed to always be bad.  While it is true interest rates are going up it is not all bad.  Here is some information I received from a lender at Bank of Albuquerque.  It seemed to make sense to me, so I wanted to pass it on. The number one question that we are all getting is "Should I buy a home right now or wait?" It's a very valid question...

I don't think any of us really know what the future for the housing market holds. However, this video explains a lot about what those who make decisions for our economy look at at.  Being educated on how this works and what to look at can help one be just a little more cause in this arena. Take a few minutes, about 30, and listen to what this real estate expert has to...

At the end of September, gasoline prices were 25.6% higher than a year ago, well above the overall inflation rate. Frankly, the best way to save on gasoline is to use less of it. To do this, studies show that the single biggest factor that affects your vehicle’s fuel economy is how you drive. Here are some fuel-saving driving tips along with other advice from experts that can reduce your visits to those...

This is an article from EPOCH Times.  It gives great advice for Homebuyers to look at when purchasing a home. Over the past two years, houses nationwide were going like hotcakes, with sellers often receiving tens or even hundreds of thousands of dollars over asking price. Buyers often waived inspections and picked up some of the sellers’ costs in dire hopes of securing that coveted single-family...

Hello Buyers, Yes the rates are up, but what does that really mean for you as the buyer.  Let's take a look at all that. The rate increases have corrected the hyperaggressive sellers' market that has been a product of the historically low rates the last 5 years. Scales have tipped back in the buyers' favor, no more extra cash needed to offer way over asking price, no waiving inspections, or having...

This was sent to me by one of my lenders, Jason Pike with Waterstone Mortgage.  I thought it was really great and wanted to pass it on. You can either run from the challenge, “by ignoring the present, calming yourself by thinking this will all be over in 3 to 6 months” or you “jump into the reality of today with the attitude of not concerned on how long this will last”.  You adapt your business...