Top Credit Management Tips

Top Credit Management Tips

Below are the top credit management tips that we share with our clients. If possible, always pay off 100% of your credit card balances on the scheduled payment.  The credit card companies will charge interest on the total balance if you make a partial payment.  For...
2 Ways to Remove Private Mortgage Insurance (PMI)

2 Ways to Remove Private Mortgage Insurance (PMI)

Based on “Original Value” PMI is automatically removed once the mortgage balance reaches 80% LTV of the property’s value when you obtained the financing. This can occur based on your normal payments or if you make additional payment(s) so that you...
New Loan Level Price Adjustments

New Loan Level Price Adjustments

You have probably heard in the media that effective May 1st, FHFA (Fannie Mae and Freddie Mac’s supervisory entity) issued new loan level pricing adjustments for conventional home loans. The fees paid by borrowers with lower down payments and credit scores have...
Curious About How Monthly Amortization Works?

Curious About How Monthly Amortization Works?

Amortization The monthly payment that is set to include: the interest that has accrued and enough principal reduction so that the loan will be paid off during the term of the loan. For example, note the following in the below snippet of an amortization schedule: The...