How To Boost Your Credit Score (General Tips That Work)
Friday, February 17
Credit seems to be a mystery to many these days. I hear so many misconceptions and fallacies when coaching borrowers on how to build their credit scores. Let's dive in and tackle some of these. Did you know that there are literally dozens of scoring models/algorithms in existence today? Did y...
Why are mortgage rates so high?
Friday, May 06
Over the past few months in 2022, many home buyers have been surprised at the speed at which mortgage rates have increased to levels we haven't seen since 2009. Below is an example of the past 12 month history of the average 30 year fixed mortgage rate offering. May 2021 - 3.12%June 2021 - 3.17%...
The 15 Year Fixed Mortgage Is Robbing Americans of Wealth
Thursday, January 20
Contrary to conventional wisdom, the 15 year fixed mortgage is basically one of the worst mortgage products you can get right now. The 15 year fixed mortgage has a very high opportunity cost, and it robs families of creating long-term wealth.If you’re lost and confused, let me explain. It all c...
How To Buy Multi-Family in Denver-Metro Without a Down Payment
Wednesday, September 25
I can't keep quiet on this strategy any longer. After all, "A journey of a thousand miles begins with a single step". There is currently an incredible opportunity to purchase a multi-family home in the Denver-Metro area using down payment assistance. In fact, if you structure the deal right, i...
How Do Hard Credit Inquiries Actually Impact Your Credit Score?
Saturday, May 11
Whether you’re in the market to purchase a home, apply for a credit card, in need of a car loan, or looking to get a student loan, your credit report & score have a hand to play in the terms of the loan you get. The caveat, is lenders need to pull a copy of your credit report to determine ho...
Funding College: 529 Plan or Rental Properties?
Thursday, September 20
Is the 529 college savings plan no longer the best option to fund college?Buying an investment property can be a great way to fund college for your kids. Just like a 529 plan, there are tax advantages to owning rental properties.With a 529 plan, you have to deplete the asset and cash out the inve...