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Mortgage = Save Money
Do you know that your mortgage can save you money? Mortgage is not only a financial obligation, it can also be a financial INSTRUMENT that helps you reach your financial goals. Whether your goal is to save money, to be debt-free, including mortgage-free, as quickly as possible, to build your equity faster or to free up more cash-flow, we can structure your mortgage so that it helps you reach your goal! 
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Mortgage-Free
Everyone knows they need to save for retirement, but many homeowners aren't saving enough. By analyzing your current financial situation, we can help you make mortgage decisions that will help you achieve your future goals. One important goal is your Freedom Point: It is the point at which you are either debt-free or your assets exceed your debts and paying off your mortgage becomes a strategic financial planning decision. We can show you how you can get there quickly. 
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Rent vs. Own
Home purchase can be the greatest financial transaction for many in their lifetime. Clearly, it is not a decision that you can take lightly. There are many benefits to homeownership, such as equity building and tax deductions. However, a sum of cash may be required for downpayment and closing costs. Would it be better to invest this cash and keep renting or to use it for home purchase? See how we can help you decide whether to rent or to buy. 
Mortgage Rate Analysis
Here is a quick update about the bond market. It’s now earning season. The earnings are not bad and the banking industry is getting a lift earlier today in the stock market. But the economy needs to create jobs. Bernanke testifies today and tomorrow at Capitol Hill. The stock market tanked after his statement that the economic outlook is “unusually uncertain”. As a result, the...
Does Home Value Affect Your Ability to Refinance?
By Kirk Haverkamp, Published: June 30, 2010 What are your chances of refinancing your mortgage? Is it going to be a struggle if you’ve got a starter home at the lower end of the market? Are banks more willing to work with someone who has a pricey, custom-built home? Not necessarily. On both counts. The price of your home or size of your mortgage really doesn’t have much effect on your ability...
Mortgage and Consumer Confidence
Home Loan Rates and Consumer Confidence February consumer confidence index was released this morning and it was not good for the economy but good for mortgage rates. The index dropped 11 points since last month. This comes at the heel of gains for three straight months. What made matters worse was that the expectation before the release was a drop of less than a point, so the outcome of this news...
Get a Mortgage Now – Part II (6%?)
Reasons why you should get a mortgage NOW – part II Mortgage interest rate of 6%? In this part of the series, I would like to simply quote from an article written by Kirk Haverkamp that was written on February 4, 2010. I mentioned this article in part I of this series. The title of this article is “Window of Opportunity Closing for Home Buyers?”. You can find this article here...
Get a Mortgage Now – Part I
Reasons Why You Should Get a Mortgage NOW First, Federal Reserve Chairperson Bernanke made a statement this morning that outlines the Fed’s exit strategy from the historic low interests that we’ve been seeing recently. Of course, no actual timing was given; the possibility of raising rates depends on “economic and financial developments”. Although an exit strategy is...
Mortgage Rate Analysis
Here is a brief analysis of the mortgage market. I will focus on both fundamental and technical analysis. There are many ways to analyze the fundamental aspects of the mortgage market and today I will look at one aspect: the ISM services index. This index gauges expansion/contraction of the non-manufacturing or the service sector. This is important because over 80% of the US non-farm employment...
Home Value and Mortgage
The Challenge of Home Value for Buyers and Mortgage One of the biggest challenges in shopping for homes is estimating home values. Needless to say, overpaying for homes can be very costly not only in terms of mortgage amount, but interests over the lifetime of the home loan. As internet technology continues to expand, there are many web tools that offer online home data and home value...
Rate Confusion
Sorry for not blogging since early December. As the holiday approaches, I have been trying to push through mortgage applications before people start taking days off from work. Meanwhile, many things have happened that will affect mortgage interest rates. I personally find everything to be quite confusing because we are getting different economic signals. On 12/4 the November unemployment data...
Attitude Adjustment
Home loans are considered as a part of life; however, most home owners look at their mortgages as financial obligations. Once you sign those loan papers, your mortgage does become a financial obligation with consequences if you do not make the required payments. Very few people see their home loans as financial instruments. Can this really be true? The obvious reason that mortgages are financial...
Evaluating Home Purchase Prices
As the real estate market continues to be depressed and with the interest rate near record lows, it is a good time to think about home purchase for those that are renting. There are many ways to evaluate home prices and how low they need to be for them to be attractive. I recently read an article in “Smart Money” (December 2009 edition) that gives a good way to evaluate home prices....
Featured Homes
Exceptional End Unit Townhome, Wilmington, DE
Exceptional end unit townhome in the vineyards! Wonderful view of the woods from rear deck! Move in condition.
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