Well, the Mortgage Insider, got cited in today’s edition of the Washington Post where I discussed the financially irresponsible practice of paying off credit card debt with home equity loans.

The reporter, Dan Rafter, who interviewed me for his story,
“For Every Loan, a Proper Use: There’s More Than One Way to Tap Home Equity” did a good job outlining all views on home equity loans and treated my comments fairly as well when he writes,

The Fed rate cut this week came from and emergency meeting when the Dow futures were down almost 500 points. The rate cut came just in the nick of time stemming a stock market crash…or so we’re told.

“Rob, did you say “stock market crash”?

Yes…at least that was how it was reported in the media… a crash as bad as Black Monday two decades ago…and we were 60 minutes away. Tick- Tock…

What a Load of Bull!

President Bush in a press conference yesterday outlined a plan to help subprime borrowers facing upward rate adjustments (and potentially foreclosure because of the rate increases) some hope. Sadly, after a little investigation…it was all a big lie!

He outlined a 3 part plan to “help” American homeowners:

1. Refinance using a private sector, conventional Fannie Mae or Freddie Mac loan if possible. (Never possible…how are bad credit borrowers supposed to get approved on an A-paper loan program?)

Your credit score is used these days for almost everything so getting the best credit score possible is imperative. Your best credit score will not be the same as anyone else’s best credit score. The good news is an excellent credit score doesn’t happen by accident and certain steps can insure you get one.

Five Secrets To Getting the Best Credit Score

There are 3 credit repositories and each has their own “secret formula” for calculating your credit score. But here is a few of those secrets let out of the bag so you can improve your credit score.

I have a bit of mortgage refinance advice that will sound so obviously beneficial, and yet it is rarely followed. Before that, let me ask you a few questions about your last mortgage refinance.

Divorce property division can be one of the hardest things about your divorce. Divorce property decisions are additionally clouded by the anger, hurt, and resentment you feel at one of the lowest times in your life. Dividing up the marital property in a divorce seems so cold and heartless even without these emotions mixed in.

And trust me, it’s alright to feel those things but you can’t let them make decisions for you especially about your home and your mortgage. You can afford to be petty when it comes to your CD collection but not your home.

Title insurance is important when buying a home since it involves researching the public record to determine you’ll have all the ownership rights once you close.

The title insurance is in place in case a mistake was made in the title search and a person comes forward with a legitimate claim of ownership to your home. Should the claim be verified, your title insurance pays the new found owner his claim and you get to keep the house.