Breakdown Of Closing Costs

Written By: Mike Laquerre Quite often home buyers are unaware or confused by the term “closing costs”. Their entire focus has been on their down payment in most cases.  This is especially true for first time home buyers. What becomes included as closing costs for their particular transaction may vary.  However, below are some common […]

Categories: Finance

Mortgage Quick Tip: Most Commonly Available Loan Types

Mortgage Quick Tip: Understanding Loans

Written By: Mike Laquerre Credit: In today’s real estate market, your credit doesn’t have to be the world’s best in order to secure a mortgage. Many lending institutions will provide a mortgage to applicants with a minimum 620 credit score. It’s always a good idea to get a snapshot of your credit situation before you […]

Categories: Finance

Six Things That Can Push Your Insurance Rates Through the Roof

Have you been struggling with your insurance premiums and do not understand why your policy is rising in costs year after year? When it comes to insurance rates, everyone wants reasonable policy costs, but sometimes property owners are causing their own rates to rise. To get the best premiums possible, doing a little bit of […]

Categories: Advice

2 reasons your credit score isn’t improving

Do you pay off your credit card bill in full every month but haven’t noticed a big improvement in your credit score?  Improving credit isn’t an overnight task but with hard work, responsible spending and patience, your score will soar. Many of you are doing everything you have been told to do, but for some […]

Categories: Credit Scores

5 reasons to STOP renting

Written by: Hannah Davis There are many excellent reasons people choose homeownership over renting.  In this featured article we are going to cover what I believe to be the top five reasons to STOP renting.  So let’s not waste any more time, let us dive straight into our first reason to STOP renting: No equity: […]

Categories: Benefits of Owning

Who Can Buy A Home?

Have you been wanting to purchase a new home, but been too scared to start the process? 

Let me help break down the basics to purchasing your dream home. By: Bill Panebianco Do I qualify for a mortgage?  This is a very common question in today’s market.  The first step to knowing if you can get a mortgage is to understand how your credit report works.  The credit report has a “score” […]

Categories: Benefits of Owning

Buy at Lower Prices or Lower Rates?

The Better Home Value... Low prices or Low rates?

By: Elizabeth Porter If you are preparing to buy a home, you might be trying to perfectly time the market and wait for prices to inch just a little lower.  We all want a good deal.  Agreed.  But could waiting for home prices to fall actually cost you more?  Yes, it is possible and if […]

Categories: Finance

Mortgage Quick Tip: Understanding PITI

Explanation of  PITI By: Elizabeth Porter In a previous article, we explained the difference between closing costs and escrows.  In this article we will explain another term frequently heard, PITI.  PITI is the abbreviation for: Principal, interest, taxes and insurance.  PITI encompasses the entire monthly mortgage payment amount borrowers putting less than 20% down can […]

Categories: Mortgage

Income taxes after ownership—Home buyer guide to maximum deductions

Tips for homeowners preparing taxes for maximum tax deductions Written by: Elizabeth Porter Tax time is here!  If you bought a home before December 31, 2011 there are several opportunities to maximize deductions and get money back when you file your taxes. The difference for homeowners doing their taxes for the first time compared to […]

Categories: Benefits of Owning

How payment history impacts your credit score

By: Team J&J-FBC Mortgage LLC Your credit scores usually determine the price you pay for your money (your mortgages, your auto loans and leases, your credit cards, business loans, etc.). Perhaps the most significant part of your credit report is your credit score. Credit scores range from 350 to 850, with 850 being the best […]

Categories: Buying a Home

Improve your credit rating by managing your account limits and balances.

IMPROVING YOUR CREDIT RATING By: Team J&J – FBC Mortgage LLC The Balance You Owe vs. Your Available Credit Lines has a 30% impact on your overall credit score. Keeping your credit balances below 50% of your available limit is very important. Keeping your balances below 30% of your available credit is even better. This […]

Categories: Credit Scores

Tips for Saving

Written by Carla Hill Saving money for a downpayment is a very worthy goal. Homeownership has been shown to be a good long-term investment that creates family and community stability. The National Association of Realtors’ 2010 Social Benefits of Homeownership and Stable Housing study found some delightful upsides of becoming a homeowner, such as it making […]

Categories: Benefits of Owning

Improving your credit rating by paying bills on time

IMPROVING YOUR CREDIT RATING By: Team J&J-FBC Mortgage LLC Your credit scores usually determine the price you pay for your money (your mortgages, your auto loans and leases, your credit cards, business loans, etc.). Perhaps the most significant part of your credit report is your credit score. Credit scores range from 350 to 850, with […]

Categories: Credit Scores