7 Steps To Buying Your First House

A majority of Americans want to buy a house someday. But how can you pull that off with our stagnant wages and student loan debt? Here's the 7 crucial steps you must do to qualify to buy a house.   Disclosure: Yes, I am a mortgage lender. No, I am not writing on behalf of [...]

0% Interest = Same As Debt

This morning, I was standing at my favorite hardware store buying paint and happened to overhear their morning staff meeting. One of the items that they focused on was encouraging their staff to promote the store's credit cards for their Fourth of July sales that are about to begin. I screamed inside. Do you know how [...]

Lenders Aren’t Your Best Friends. They’re Businesses.

After working nearly a decade in personal finance and consumer based lending; I have learned one crucial fact that I employ daily in my own private life: Getting “approved” for a loan will never mean that you can actually afford the loan.   Here's why you need to live by this rule. Getting “approved” for [...]

The truth about “easy approval” loans

You have heard that subprime loans are bad...but do you know why?     Here's the truth about those "easy approval" loans.   WHAT ARE DIFFERENT TYPES OF SUBPRIME LOANS? -Payday / Salary / Payroll loans or advances. -Title Loans. -Rent to Own Items (furniture, electronics, etc). -Easy or Quick Cash Loans. -"No Credit/Bad Credit" [...]

Man vs Cosigning Myths

Here's the TRUTH about why your lender wants a cosigner.   Today’s post is a follow-up to our famous post about what your loan officer looks for when you apply for a loan. I will be using internal banking terminology that’s explained in that post, so I suggest you start (HERE) before proceeding.   So, [...]

Man Vs Applying For A Loan

When you apply for a loan, what does the loan officer look at before approving or rejecting your application? Here's the inside scoop on what matters to your lender.   Whenever you apply for a loan, your financial institution will evaluate your loan application, decide if you're going to be a good or bad risk, and make [...]

Man Vs Credit Reports & Scores

  I don't care about my credit score.  You shouldn't either. Why? Find out here...   Everybody holds their cash close and their credit score closer.   Not me. I don't really care what my credit score is. I do, however, pay close attention to my credit report. You should too.   What's the difference? Credit [...]