Getting Your Credit Report House In Order!

Alot of times folks just get overwhelmed with the idea of monitoring their credit report.  This is not so important if your consumer years are over or you pay for everything in cash.  For those of you who utilize the credit industry such as mortgage loans, car loans, student loans, unsecurred loans and the like, you need to know what is being put on your credit report.  If you have a common name such as James Anderson, you want to make sure that only your James Anderson accounts are on your credit report.  The site that can help you with one free credit report per year is found at http://www.annualcreditreport.com/.  Check out this site and if I can help you with any of the information or ways in which to get wrong information removed, call me I am here to help and have over 20 years experience in credit repair.

Should You Refinance?

The markets have turned bullish for the homeowner looking for a refinance option.  How can you know if this choice will be a profitable one?  Well, the first thing to take into account would be the age of your current mortgage loan.  If your loan is more than 7 years old, consider going for a shorter than 30 year option.  Now that you know the term of the loan we can apply an interest rate and get a quote on a new payment.  Use a mortgage calculator to figure out the monthly payment or what your pricipal and interest would be.  Compare the new figure to your old figure and see what the savings could be.  This is your benchmark.  Now shopping a rate could be easier when you have a target margin in mind.  Call me for more information on reviewing your current mortgage situation and loan products available.

The Importance of Life Insurance When Owning a Home

So, now you are a home owner.  What are the types of mind sets that are needed to insure that you and your family enjoy your new home but have the adequate protection for your new asset.  Insurance plays an important role on many levels.  If your home is located near a water source such as a pond or river you may want to consider looking into protection on that level.  If your home is in an earthquake area there is protection for that.  The most common that is useful to you no matter where you live is life insurance.   It is not a fun topic but it is realistic.  The experts suggest that you take out a term life insurance policy that covers the balance of the mortgage on the home in the event of the death of the owner.  This is just another important step in protecting you and your family.  Contact your current Loan Servicer to see if they can recommend  an insurance company, in some cases you can get that insurance added right on to your mortgage payment by chosing this option.  It is also very wise to check with your current home owners insurance carrier to see if there might be an opportunity there as well.  Thank you for checking in and there will be more juicy tips to come.......