Save $43,000 dollars

Posted by admin on June 6, 2010

Yikes …Impact of 1% increase in interest rates on $200,000 30-year loan is nearly $43,000 over 30 years!  Go to www.dansato.net

Perfect Storm

Posted by admin on May 11, 2010

Despite the end of federal programs to hold down rates at the end of March, mortgage rates remain at historic lows. This allow buyers to get more home for less, and they can enjoy a lower monthly payment for the full term of the loan. In addition, homes continue to be affordably priced and there is a large selection from which to choose.  See what properties are available.  Go to www.dansato.net

How is your FICO score calculated?

Posted by admin on January 9, 2010

35%: How timely you have been with payments

30%: How much you owe compared with your total available credit

15%: How long a credit history you have

10%: Whether you have recently taken on new credit / debt

10%: What mix of credit types you have

Homebuyer Tax Credit Set to be Extended and Expanded!

Posted by admin on November 6, 2009

1)  The $8,000 tax credit will be extended and available for first-time purchases before May 1, 2010. 

2)  A new $6,500 tax credit will be available for repeat buyers who purchase between December 1, 2009, and May 1, 2010. To qualify for this provision, buyers must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years. 

3)  Prospective purchasers with binding contracts in place as of April 30, 2010, will be allowed an additional 60 days to complete the transaction. 

4)  Income limits are expanded to $125,000 on a single return and $225,000 on a joint return.

Asset allocation is the next best thing other than predicting the market

Posted by admin on October 28, 2009

The concept of asset allocation is far from new. In fact, even as far back as 1605, Miguel de Cervantes was doling out the same advice as today’s investment advisors — don’t put all your eggs in one basket.

 In today’s terms, asset allocation is the process of selecting asset classes, such as stocks and bonds, and determining their proportions within an investment portfolio.

Here’s the theory: Individual asset classes have distinct characteristics and historically don’t react in tandem under the same market conditions, however there are exception to the rule.  When some are falling in value, others may be rising.

By strategically diversifying your assets, you help offset declines in any one particular class and smooth out the ups and downs of your portfolio.

Which would you rather have: a $100,000 today, or a penny today that doubles every day for a month?

Posted by admin on October 20, 2009

Most people would want the $100,000.  But the penny doubling every day for a month yields $10.7M.  It starts with just one penny.  (Provided by Stan Mack)

Dow Jones Industrial Average closed above 10,000. First time since March of 1999.

Posted by admin on October 15, 2009

Even economists who agree the economy is in recovery say that growth will be slow and difficult, with continued job losses, tight credit and further declines in home prices.

How is your FICO score calculated?

Posted by admin on October 12, 2009

There are five major factors that affect your FICO score. Payment History:  35%, Total debt: 30%, Duration: 15%, New Credit: 10%, Types of credit: 10%.

What is a FICO score?

Posted by admin on

Your FICO score is a branded version of your credit score developed by and named after FICO (formerly known as Fair Isaac). According to FICO, the FICO score is score most widely used by the nation’s largest banks to make credit and loan approval decisions for applicants.

Go Pro or minor league? Save over 80%

Posted by admin on October 9, 2009

4 tickets to a pro game could cost over $400 dollars, but comparable tickets at a minor league might cost $50.