Tag Archives: Banking

A Simple Explanation Of The Federal Reserve Statement (August 10, 2010 Edition)

August 10, 2010

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Today, in its first meeting in 6 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains at a historical low, within a prescribed target range of 0.000-0.250 percent.

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The Fed Is Meeting Today. Should You Float Or Lock Your Mortgage Rate?

August 10, 2010

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We can’t be sure what the Fed will say or do this afternoon so if you’re floating a rate right now and wondering whether the time is right to lock, the safe choice is to lock before 2:15 PM ET today.

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Inspired! Appealing Your Property Taxes to Lower them- Steps 1 and 2

April 9, 2010

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Yesterday, I read an article on msnbc entitled “High Property Taxes? 4 steps to lowering them.” If you have lived in Belle Creek for long, you no doubt have watched our sales values take a hit, while our property taxes stay high.  I am a serious proponent of supporting public schools and having good roads, […]

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Adventures in Refinancing: the Good Faith Estimate

March 24, 2010

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A “Simplified” GFE? Making the Good Faith Estimate More Transparent May Make it More Difficult to Close I have been living in the same home for almost 8 years now.  It is cozy and has enough room for my family.  We have designed it to suit our needs and updated or upgraded paint, bathrooms, basement. […]

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Part 2: The New and Improved GFE? How to Protect Yourself

March 24, 2010

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In my last post, I began to tell you a little about my adventure with the “Good Faith Estimate” or GFE for my home loan.  Here, as they say, is the rest of the story: So I called my friendly Chase consultant AxA.  Knowing that this was not the final GFE, I also knew that […]

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Do you trust your lender? Bank of the West Costs Buyer the Deal

November 12, 2009

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Today on the Tom Martino radio show, a caller phoned in to share an unbelievable story.  Only it was all too true. The buyer and his wife had found their dream home after going to Bank of the West and getting a prequal letter.  They negotiated a successful offer on the property and were under […]

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