For most, the current economy has brought on the need for severe money saving strategies. From extreme couponing to extreme budgeting to extreme cut backs; everyone is looking for ways to save money. Interestingly, mortgage borrowers have seen historic low interest rates for the past two years. The Denver Post recently reported that interest rates … More Should I Refinance?
The lending environment has changed drastically over the past three years. Now more than ever, lenders are very nervous to lend money and are tightening their guidelines. The process to obtaining financing for a home is extremely difficult and often times painful. I have listed below actions to avoid before applying for a mortgage loan … More 10 Things to Avoid When Applying For A Loan
In a recent WSJ article “Close First, Then Splurge” by Jonnelle Marte, it urges buyers who are in the process of purchasing a home to not change their financial picture that they gave when they first submitted their loan application with their lender. It is very important to not go out and make major purchases … More Buyer Beware: Don’t Splurge Before Closing
It is important that from the whole mortgage/housing crisis that we learn some lessons. Lessons to be learn not only by the professionals that influence the housing market, but also by everyday homeowners. People Were Overspending – For many people who where buying at the height of the market they were surprised when they spoke … More A Few Things We Have Learn From the Mortgage Crisis
LESLIE MONACO REAL ESTATE 