Effects Of Divorce On Women’s Finances
Given the divorce rate above 60%, there are lots of changes that women must make following a divorce, namely with their finances. After a divorce is finalized, men hold 2.5 times the amount of wealth women do, and women’s household income falls 41% (compared to men’s 23%). Aug 23, 2023 Forbes The excerpt below is […]
Get This Week Scoop – 7/2023
Final Friday is here and Scoops prepared a note of economic news and data to give you some guidance on the economy with a bias towards the real estate industry. What a turbulent time yet economists are optimistic there will be no global recession. Great news! Let’s read about this weeks news: New home sales […]
Get the Scoop 6/2023
This week brought about a myriad of real estate and mortgage news. Home sales remained strong but lower year over year due to inventory shortages, but similar in the amount of sales in May from April. The lack of inventory has the country in a juggernaut. Home builders in different parts of the country are […]
Current State Of The Economy 06/2023
The current state of banking appears to be full of caution. Two banking CEOs on Wall Street are very bearish, especially with potential of commercial loan losses up to one trillion dollars. Mortgage lending underwriting may get more challenging to homebuyers. What is the bright side? You may see more consolidation, banks being bought, or mergers creating their […]
Credit Documents You May Need for a Mortgage
Collect the following before you talk to a mortgage lender
Let’s Get Organized
Organizing your money and payments comes in handy. Some people have various banks and bank accounts for various debt payments. Others have one account to pay all their debt. Personal preference is in order. All my obligations of revolving and installment debt are on auto-pay from one bank. I also have automatic deductions sent into […]
Help!
Are you in over your head with debt? Missing payments? Let’s develop a strategy. Lenders are understanding and do want to help you make your payments for this simple reason: they get their money. They are prepared to help you in difficult times. Here is the course of action we advise: Call the lender and […]