Author Archives: my3rdopinion

Interest Rates 101

There are lots of different interest rates that you will hear about and see published. It is important for you to know that not all interest rates are for the same things. Many, including the Fed Funds rate, LIBOR and … Continue reading

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Class action? Do they really benefit the “Class”?

Am I the only one being bothered by class actions suits in which the individual recipients get awards of around $5 but the legal team gets $90,000,000? The targets are usually large companies who serve a lot of people. Phone … Continue reading

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Showing up…

How much of life is simply showing up? When you reach a certain age you start to get special perks and opportunities. For me one of those opportunities was to run in a special track meet. The competition was not … Continue reading

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Investors are a bigger part of the home purchase picture.

It appears that investors are purchasing more homes as a share of the market than in previous markets. This is partially due to the number of foreclosure homes available at bargain prices and partially due to some of the obstacles … Continue reading

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20% down. Really?

I guess it’s a sign of the times we live in. I was attending my brother-in-laws ordination (or Pastorization, as he prefers to refer to it) and I was asked what I do for a living. When I told him … Continue reading

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Something to consider?

Loan Modification. Is it something for you to consider? I get asked about Loan Modification all the time.  You should get advice from someone other than your lender if you are going to attempt a loan mod. It’s fine to … Continue reading

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So…you don’t have enough equity to refinance ?

So…you don’t have enough equity to refinance the “regular ” way…What can you do? One big problem for people is that if they want to do a loan modification they have to sacrifice their good credit, wade through endless paperwork, … Continue reading

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