Michael's Blog

Mortgage Rates and the Trend...February 27th, 2007 · No CommentsI will re-read this post twice before I publish it so I make sure I do not sound like a market cheerleader. Instead of saying the mortgage market is "fantastic", let's look at why it is so "great" right now.The Fed worries that a str...

Risk is the term used to describe the potential negative impact to something of value that might occur based on some future event. The 30 year fixed-rate mortgage has very little risk. You know with 100% certainty, that your principle and interest will remain constant for the next 360 months. Som...

Mortgage Fraud is real and rampant in the United States according to the FBI. The Federal Trade Commission estimates that mortgage fraud has cost businesses nearly $48 billion and consumers about $5 billion in the past 5 years. There are some cases that involve appraisers, lenders, attorneys, and...

The day you close on your new home does not need to be full of chaos or surprises. You need to understand very early on in the home loan process how much money it is going to take from you to close the deal. The funds required to close is disclosed to the buyer from the lender in the form of the ...

Warning: This page is going to ask you to be honest with yourself and your family about your debt. If you are ready to make changes in your life and work toward financial freedom, keep reading. If just being able to make your minimum monthly payments does not bother you, read this, rinse and repe...

Each month, we get the monthly non-farm payroll report from the Labor Department. No other piece of news is more closely watched by the markets and the Federal Reserve than this employment data. The report for January showed that the unemployment rate climbed to a four-month high and wage growth ...