How To Get Home

Hey Eddie, should you pay any principle on your mortgage? There correct answer is not the same for everyone. For most Americans, the principle reduction of their mortgage is the only forced form of savings they have. Paying towards principle seems like a good idea and watching the mortgage balance decrease makes people happy. The […]

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When there is an absence of economic data, it is impressive if nothing else, how much attention is paid to speeches given by Federal Reserve officials. Once of the most important jobs of the Fed is to control inflation. Everyone on Wall Street knows this. Yet, when St Louis Fed President William Poole comes out […]

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It is important to think of good credit as a journey and not a destination. Good credit is important because the higher your credit score, the lower your interest rate will be. Building a better credit report takes time, but it is worth all of the effort it will take. There is no better resource […]

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Two of the hot topics lately are affordabilty and sustainability. In short, can the borrower afford to get in a home (qualify) and can they stay in the home (avoid having to sell). As home prices have increased, many buyers have used non-traditional mortgages to help them bridge the gap between the cost of the […]

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It does not get much worse than foreclosure. Think of it as the worst case scenario that both you and your lender want to avoid. Nobody wins in a foreclosure situation. The mortgage company has no choice once a borrower gets so far behind in their payments and is forced to initiate the legal process […]

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According to the Department of Justice, identity theft is passing drug trafficking as the number one crime in the nation. Victims spend an average of 330 hours recovering from this crime over 6 months. The University of Indiana reports that 14% of phishing scams are successful. With an estimated cost to US businesses and consumers […]

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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 repeat. […]

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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 was a little slower than […]

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It was a cold and rainy day here in Savannah, which made for ample parking downtown. You can’t pass that up. I had the chance to speak with Darrel Daise, Director of Community Housing Services Agency (CHSA). We sat down to talk about the city’s effort to increase home ownership.
The City of Savannah’s Department of […]

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