What do fries and mortgages have in common? They both come in jumbo sizes.

I am not suggesting that mortgages are a commodity like fries and a milkshake. I am not even suggesting that you should eat French fries for lunch.  In fact, should you decide to skip out on your normal grilled chicken and spinach salad and splurge on French fries for lunch you probably don’t think that all fries are the same. I know I don’t think they are all the same.  I prefer skinny French fries that are very crispy, but not burnt.  And there is a hole in the wall in Auburn, AL that makes the best vanilla milk shakes on the planet.  Enough about that before I have to run an extra three miles today.

Mortgages are exactly like those fries and shakes; there is one that is just right for you.

What do fries and mortgages have in common? Continue reading “What do fries and mortgages have in common? They both come in jumbo sizes.”

Should I Lock or Float My Mortgage Interest Rate?

The answer to this question largely depends on you.  Just how much of a gambler are you?  Do you like to go to Vegas and bet the house on the single roll of the dice or does putting a dollar into the slot machine make you break out in hives?  The answer to this question could very well tell you whether to lock or float your mortgage interest rate.

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VA Loan Myths Busted

I don’t know about you, but I rarely have time to watch TV.  When I do have a spare moment to collapse on the couch and entertain myself, one of the shows I like to watch is Myth Busters.  I have only seen a few people that enjoy their jobs as much as these guys PLUS they get to educate people while making science fun.  I call that a win-win.

The way the world works, I started thinking about Myth Busters and that lead to Ghostbusters…”who you gonna call?” reverberating in my head. This lead to what myths abound in the mortgage industry that need busting?  There are many myths that I run into each time I have the privilege of speaking to someone looking to buy a home.

So grab your ectoplasma gun.  Put on your safety goggles.  It’s time to put some mortgage myths to the test!

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Are You Paying Too Much in Property Taxes?

If you have a mortgage it is highly likely that your payment includes your property taxes.  The majority of mortgage loans have an escrow account where your payment includes not only the principal (the money you pay to pay back the money you borrowed) and interest (the money you are paying for the privilege of borrowing money), but also money to pay your taxes, insurance, and mortgage insurance. Your total payment is also referred to as your PITI payment (short for principal, interest, taxes, and insurance).

The old saying, out of sight out of mind pops up for me here. Since you pay your real estate property taxes each month you might just throw away your tax bill or not give it a second thought once you have mailed it to your mortgage company to pay.  This could be a costly mistake.

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4 Health Hacks to Boost Your Bank Account

When it comes to implementing a healthy lifestyle, it’s easy to associate large dollar signs to our goal. Organic food, fitness classes, and latest diet trends all come with a pretty hefty price tag, not to mention the time it takes to do all these things. In today’s world, where time is money, you can basically hear the “ka-ching” when you think about health.

Is your health helping your bank account?

This is also the reason that when we start saving or become busy, our health is the first thing to fly out the window. It is one of those things we know we should do, but it just doesn’t fit in right now.

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